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Question: Let's do some math to compare the potential costs of REDUCING climate change versus the potential costs of LIVING WITH climate change. Let's make a simplistic assumption that we will continue to spend (or lose) the same amount every year on health-related costs from the air pollution caused by fossil fuels until the end of this century (the year 2100). First, calculate how much these health-related costs would amount to by the year 2100. Then, add the total potential cost of real estate lost to sea level rise by the year 2100 to the health-related costs. What is the total cost of just these two things caused by (or related to) climate change, and how does it compare to the potential cost of converting to 100% renewable energy?
We have heard it all before. Boys are more intelligent than girls. Boys are also more likely to succeed in STEM subjects rather than non-STEM.
Discuss the problems that could come up during entering the information and what kind of problems it could create in the long run.
Discuss the concept of competitive advantage and how important it is to a small business. Identify and describe some competitive advantages a small business can build. One dictionary defines "sustainable" as “to keep up or keep going and an action or..
Consider two consumers, John and Maria, each with an quantity of two goods: corn and sugar. a. John has 30 gallons of gasoline (G) and 20 bags of sugar (S); for that basket of goods, his MRS(GS) is 1G/5S. Maria has 30 gallons of gasoline (G) and 50 b..
Which of the following terms describes a contract based on information that cannot be observed by courts or arbitrators?
How do warranties and guarantees act as signals? What economic information problem might they address? (p. 457 #2)
What are some key fixed and variable costs for this business? Remember, fixed costs do not change when output changes. That is, fixed costs remain even if the c
Consider the statement "if b e C({b, 0}) and a. E; b then a. E C({a, b, c})". Is this implied by the maximization of a preference? Is it implied by the maxi- mi
A country (“Home”) is populated with workers who produce either food (F) or clothing (C).There are 200 workers producing food and 100 producing clothing - these numbers are fixed. What is the autarky trade price (the relative price of food and clothi..
Why is the concept of elasticity important? What does it tell economists? Tell whether you would classify automobile production as either elastic or inelastic in the short run and long run. (Keep in mind that we are talking here about supply elastici..
Several decades, increased participation in international trade by the U.S. has been accompanied by increased income/wage inequality
Birds Unlimited has a 45-day accounts payable period. The firm has expected quarterly sales of $1293, $1862, $2481, and $3378 over the next calendar year.
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