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1. The government is considering the adoption of a higher standard of success in tests for pharmaceuticals that will be sold in the United States. Suppose the benefits of the regulation were 1,000 lives saved per year. Would you support adoption of the regulation? Explain.
2. Why is national defense called a public good?
antonios utility function for the goods x and y is uxy 2 sqrtx y .a. what is the mrsxy? what is
The MacBurger Company, a chain of fast food restaurants, expects to earn $200 million after taxes for the current year. The company has a policy of paying out half of its net after tax income to the holders of the company's 100 million shares of c..
Calculate the effective surface area and the number of plates of this heat exchanger
helen just bought a house for 250000. earthquake insurance which would pay 250000 in the event of a major earthquake is
Suppose that the residual sum of squares for the three regressions corresponding to the Chow test described in question 35 are 156.4, 76.2 and 61.9. What is the value of the Chow F-test statistic
What is the expected NPV of the product?
Three students have each saved $1000. Each has an investment opportunity in which he or she can invest up to $2000. The rates of return on the students' investment projects are: Harry: 5% Ron: 8% Hermione: 20%.) If borrowing and lending is prohibit..
Suppose David spends his income (I) on two goods, x and y, whose market prices are px and py, respectively. His preferences are represented by the utility function u(x; y) = lnx + 2lny (MUx = 1=x;MUy = 2=y). a. Derive his demand functions for x and..
Suppose the air toxics regulations raised household expenditures on gasoline (due to extra controls on oil refineries) by an average of $20 per year. If millionaire Mary and janitor Jane each paid the extra $20, in what sense is the impact of the ..
Sam is subject to a 40 percent tax on income, and her after-tax income is 90,000. Now suppose the government permits her to deduct her contributions (to oscar0 from her income before the 40 percent tax rate is applied. How will this deduction affe..
If real GDP per person in Mexico grows at the rate of 5 percent per year, about how long will it take Mexico's real GDP per person to reach the level that the United States was at in 2005?
shellys preferences for consumption and leisure can be expressed as uc l c - 200 times l - 80 . this utility function
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