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1. Suppose there exist two identical forest plots, except one will be harvested and left, while the second will be cleared after harvest and turned into a housing development. Be sure that you proofread your response.
1) In terms of efficiency, which plot should have the shortest harvest age?
2) Why? Be sure to clearly explain your reasoning.
2. Read Example 13.2 in the reference. Should U.S. national forests become privatized (sold to private owners)? Why or why not? Be sure to back up your response with economic analysis and reasoning.
3. Do you think there is room for both lumber producers AND environmental goals in managing forests? Why or why not? What are some of the particulars that need to be discussed in order to have a working relationship between loggers and environmentalists?
For each of the following transactions, identify whether or not it would be included in GDP: What is Metrica's GNP? Is it higher or lower than its GDP?
You're in Management for IBX Steel Components. J. D. Brotsky is a top labor leader and just announced that her union will go on strike against management unless you grant the workers a significant pay raise.
How might a Wal-Mart representative respond to the negative criticism that might arise as the result of sighting the new facility in a community ranging from traffic congestion to anti-union sentiment to unfair competition.
Suppose that a profit maximizing companies short run cost is TC=700+60Q. If the demand curve P=300-15Q, which of these options should it do in short run?
Describe each of the subsequent using supply and demand diagrams.
A firm has determined that its variable costs are given by the following relationship:
Examining the current market situations of "Starbucks" competition can take many forms. value competition includes collusion, price leadership, loss leaders, price discrimination.
Use the arc-approximation formula to calculate the price-elasticity of demand coefficient of a firm's product demand between the (quantity,price) points of (50, $10) and (54, $8).
Obtain price elasticity of demand for good one. Obtain income elasticity of demand for good and find the amount of compensation needed for Hicks compensation
What provisions of ACA are intended to reduce or increase directly the quantity of healthcare consumed and what extent will these provisions have an effect on expenditures and to what extent will they affect health?
In the long run, the most helpful action that a monopolistically competitive firm can take to maintain its economic profit is to lower price
Neolithic Revolution
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