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Economics Please Help! Assume that two power plants, Firm 1 and Firm 2, release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard. To meet the standard, 30 units of SO2 must be abated in total. The two firms face the following total abatement costs: TAC1 = 100 + 16A1 + 0.25A12 TAC2 = 50 + 10A2 + 1.25A22 A)Determine how the abatement levels should be allocated across the two firms to minimize costs.
Using ONE of the issues below, briefly explain why intergovernmental relations is so complex in the US:a) Illegal immigrationb) Homeland securityc) Educationd) Welfare Why is Woodrow Wilson described as the father of Public Administration in the US? Briefly explain the meaning of political power and administrative power Why is Max Weber's characterization of bureaucracy considered the essential building block for understanding the formal institutional structures of public administration?
Consider an economy with the following characteristics: i. The price-level is fixed ii. The economy is closed (Exports - Imports = 0) iii. Government spending (G) and Inve
To the right is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): a. Show these data graphically. Upon what specific assumptions is t
What will happen to the shape of the money demand curve if the checking accounts bear interest? will it still slope down if the interest of the checking account is fixed while the
I want you to solve problem in Macroeconomics.It is in the file attachment.
The circular flow of income in a closed economy A closed economy exists when there is no international trade. We shall also assume that in this particular closed economy there
why social faces inflation and unemployment?
What is the definition of opportunity cost?
Q. Is Household savings depend on GDP in the cross model? Household savings depends on Y since S H = Y - C - NT and C and NT both rely on Y. How it depends on Y can't be concl
the classical model assumes that consumption depends positively on disposable income. now suppose that consumption also depends on the real interest rate. a) sketch the loanable
Explain which of the two strategies is most likely to lead to development. Empirically, it seems rather evident that export-orientation has been more successful than import-sub
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