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Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 621 megawatts of electricity. Assume that it would have an efficiency of converting wood energy into electricity of 0.29. Let's assume that wood has an energy content of 5.74 million BTU per ton. Assume that 3.1 tons of wood can be sustainably harvested from each acre of land per year. There are 640 acres per square mile, and the UP has 16,452 square miles. What percentage of the UP would be needed to supply this power plant? Express your answer in percent to one decimal place without the percent sign.
Why do you think investment spending is the most sensitive component of AD? Briefly discuss. 3. Why do you think an average American spends more than an average European? Briefly discuss. 4. (Changes in Aggregate Supply) What are supply shocks? Disti..
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
Determine what are the reporting reasons on why gasoline prices have been fluctuating and trending upward for the past twelve months.
How would a decrease in the reserve requirement effect the (a) size of the money multiplier (b) amount of excess reserves in the banking system and (c) extent to which the system could expand the money supply through the creations of checkable dep..
Describe the concept of the law of "diminishing returns" and why does it take place only in short run? Differentiate between "the long run return to scale" and "economies of scale."
explain how rent seeking can lead to a drop in production of goods and services. What role might the underground economy play in lessening the drop in productive activities?
At what output is the average variable cost (AVC) at a minimum and if the market price of the firm's output is $7.5 per unit, should the firm produce or shut down?
Consider the production function Q=100L^.5K^.4. Suppose L=1 and K=1 so that Q=100. Explain the nature of returns to scale for this production function.
Canadian firms that buy machinery and equipment from US suppliers c.cross border shoppers from Canada who shop for goods in the US retired Canadians who live in Arizona and Florida during the winter months
Whichever way you've chosen to model this problem, execute a linear regression. For one time in your life, you are going to be calculating the slope and intercept estimators in EXCEL
Find out the total revenue (TR) and total profits in terms of Q. At what level of output (Q) are total profits maximized? What price will be charged? What are total profits at this output level?
One of United's biggest customer has placed a very large, heavy order. Its warehouse is in a location served by all transport modes, and the customer has directed United to ship the order by the mode with the lowest transport costs. In this situat..
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