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In Stony Brook, the marginal benefit associated with pollution cleanup is MB = 300 - 10Q, while in Port Jefferson, the marginal benefit associated with pollution cleanup is MB = 200 - 4Q.
Suppose that the marginal cost of cleanup is constant at $12 per unit.
What is the optimal level of pollution cleanup in each of the two regions?
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $5,000, buys gasoline ($2.30 in gas is required to mow each yard), and pays a helper $10.00 per yard. Prior to opening the lawn company, Charles earned $8,..
You are currently using three printing presses and five employees to print 100 sales manuals per hour. If the MRTS at the point is 0.5 (capital is on the vertical axis of the isoquant map) the you would be willing to exchange _______ employees for on..
All of the following qualifies as capital in economics except
Records show that 12% of all college students are foreign students who also smoke. It is also known that 60% of all foreign college students smoke. What percent of the students at this university are foreign?
Four students from your economics class are sitting in a local restaurant Talk about the marketplace for coffee.
Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium. The Federal Reserve raises the interest rate. There ..
You estimate the following regression model: S = a + bP + cT. In your regressions, you usually look for a 10%-or-better level of confidence.
When the federal government runs a budget surplus, there may be a. Growth in GDP per capita will be achieved when. A World View article titled " Japan Sees Quake Damage Bill of Up to $309 Billion, Almost Four Katrinas" implies that the most likely im..
Discuss the importance of standards in networking technology and in communications in general. Evaluate how standards have helped to shape commonly used devices such as cellular phones or mobile devices.
The Blue Goose is considering a project with an initial cost of $42,700. The project will produce cash inflows of $8,000 a year for the first two years and $12,
Suppose you manage a rm with two production plants. The marginal product of labor at plant 1 is MP1 = 1400 - L1 where L1 is the number of workers employed in plant 1. The marginal product of labor at plant 2 is MP2 = 2000 - L2 where L2 is the number ..
A one-product company finds that its profit, P, in millions of dollars, is given by the following equation where a is the amount spent on advertising, in millions of dollars, and p is the price charged per item of the product, in dollars. P(a,p)=4ap+..
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