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1. Suppose that you have been appointed as an environmental adviser to a government enquiry into shale gas fracking and sustainability. Write a critical commentary on the implications of the arguments of Solow (1993a and 1993b) and Beckerman (1994) for a policy on shale gas fracking.
2. Critically examine the Sustainability Policy of the Heathrow Airport. Examine the extent to which evidence suggests that Heathrow Airport takes its corporate social responsibility seriously.
3. Suppose that you are appointed as an adviser to the African Union. Write a critical commentary on the Stern (2005) review on climate change from the perspective of African nations. You can use case studies of one or more African nations.
4. You have been appointed as an environmental economics adviser to the Highways Agency for its current consultation on reducing speed limits on the motorways. Analyse these proposals and examine the scope for using market based instruments drawing upon relevant theories.
5. To what extent is 'green economy' a relevant concept for emerging economies such as the BRICS countries? Critically examine this concept taking the case of any of the BRICS countries.
6. Examine the extent to which environmental valuation methods can be used to estimate the value of the environmental impacts of: either (a) HS2 Rail project or (b) Tour de France in Yorkshire.
What are the strengths of the CPI? What are the characteristics of these strengths? Same for weaknesses?
The output effect of an increase in the wage comes about because higher wages:
What business will you go into, and what will comprise your fixed and variable costs? How could your business take advantage of economies of scale?
Calculate both Macaulay and modified durations of the 8-year, 8.5% coupon bond given a flat yield curve at 10% and explain why zero coupon bonds have a higher Macaulay Duration than coupon paying bonds of the same return.
Assume a firm's production function is given by Q = 12L - L^2 for L = 0 to 6, where L is labour input per day and Q is output per day. Derive and draw the firm's demand for labour curve if output sells for $10 in competitive market.
Johnson Inc. is notified that local property taxes have raised. Johnson's economist states this will increase our cost of production and shift up our average total cost curve, average variable cost curve.
Labor Markets; Further Applications of Microeconomics objective questions and answers, When two goods are perfect complements, the indifference curves are
Do you think the overall level of R&D would increase or reduce over the next 20 to 30 years if lengths of new patents were extended from 20 years to, say "forever"?
A company has a EBIT to be $100,000 every year forever. The company can borrow at 5%, has no debt and cost of equity of 15%. If the tax rate is 25 %, find out the value of the firm?
Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing 5000 units of output?
Describe and discuss why characteristics of the labor markets should result in the similar wage rate for all jobs requiring the similar level of abilities and skills?
Draw a network that depicts the company's distribution network. Identify the supply nodes, transshipment notes, and demand nodes on the network.
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