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"The tragedy of the commons" by Garrett Hardin, Science, Dec. 13, 1968 AND Gillis, J. (2014, May 30). A price tag on carbon as a climate resue plan. The New York Times. AND "An exhausting war on emissions" by Leila Abboud, Leila, The Wall Street Journal, Sept. 30, 2008.
1. What is "the tragedy of the commons"?
2. Some propose the use of property rights as a means of eliminating the problems associated with common ownership of resources. Explain why ownership changes behavior.
3. Norway has tried taxing greenhouse gas emissions - has it been successful? Why or why not?
4. Another economic approach to environmental problems is using the marketplace by implementing a cap and trade system. Describe this system and explain why economists like it?
Is the relation between "Wal-Mart" and its consumers, workers, and communities typical or atypical of the relation between businesses and consumers, workers, and communities? Explain.
Health care is very important to the US economy. How do you think new changes in the health care laws can impact spending by the economy?
In the context of hospital care, define and distinguish among occupancy rate, capacity, and utilization.
Based on the evidence, do you think that business ethics matter or do not matter to business success in the short-term/long-term.
a. Plot the supply and demand curves. b. What are the equilibrium wage and employment levels in this mark et?
Discuss what would happen to the health production function if there was a total ban on cigarettes in the U.S. What would happen to the total product with respect to medical care, as well as the marginal product? Explain the assumptions underlying th..
Answer any five (5) from the following questions. 1. Outline the importance of value maximization in the theory of the firm.
What is the greatest challenge with reports produced for health care providers, managers, directors, and executives?
A copier company want to expand production. It currently has 20 workers who share eight copiers. 2 months ago the firm added 2 copiers, and output increased by 100,000 pages per day. One month ago, they added 5 workers and productivity also increased..
What is the level of price, output, and amount of profit for an unregulated monopolist? (b) Using the data in the table, what are the price, output, and profit for a regulated monopolist that sets price equal to marginal cost compared with an unregul..
3a) Calculate the Macaulay Duration of a 6% annual coupon bond with a face value of a £1000 and three years to maturity.
Can you suggest any way of using economic forces to determine prize money?
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