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Question: Explain briefly why a total elimination of environmental pollution (say air pollution or water pollution) would be ideal, but economically not optimal. Use a MD and MAC graphs and hypothetical numbers.
The Course Project is a formal report (including an executive summary) that provides an insightful analysis of a company's market structure and production
An oligopsony exists if. The poverty gap is the
John has a factory that produces paper and as a side product some chemicals are thrown into the water: one unit of the pollutant per unit of paper. The marginal benefit to John of producing paper is given by MB = 10 - Q. The marginal cost is given by..
Peter lives for three periods. He is currently considering three alternative education-work options.
Explain the differences between typical demand side fiscal policy and supply side fiscal policy. For each of the following fiscal policy proposals, determine whether the primary focus is on aggregate demand or aggregate supply or both.
In a pure capitalist system where free markets exist, freedom of enterprise and freedom of choice exist. However, if one chooses to produce
Consider an economy with two people, Donald and Hillary, and two goods, x and y. Donald is endowed with x¯ units of good x and has none of good y. Hillary is endowed with y¯ units of good y and has no units of good x. Their preferences over these two..
What are some different GIS software packages (from 2 different software companies).
Contrast the "neoliberal" or free-market approach to the economic development of poor countries and the government-led approach.
Any change in the economy’s total expenditures would be expected to translate into a change in GDP that was larger than the initial change in spending. This phenomenon is known as the multiplier effect. Explain how the multiplier effect works.
Elm Industries receives profits from polluting according to the formula: pi =10Q−Q^2 where Q = pollution emitted (in tons), and profits are measured in dollars. The damages associated with pollution from this facility are estimated to be: D=Q^2 +2Q. ..
Consider the following Cobb- Douglas production for red bean coffee. q=(l^0.2)*(k^0.5) a. intutively, why are cobb-douglas production function more appropriate representations of reality than, say, linear production functions
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