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Example: The Value of Clean Air
Air is free in sense that we do not pay to breathe it.
Question: Are benefits of cleaning up air worth the costs?
People pay extra to buy houses where the air is clean.
1) The $787 billion stimulus package, "American Recovery and Reinvestment Act" passed in Winter 2009 contained a mix of tax rebates, tax credits and increases in various transfer p
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
example of cournot model
0.767 g of phosphorus and 0.650 g of chlorine were allowed to react. After the reaction was complete, all of the chlorine had been consumed, but 0.650 g of phosphorus remained. How
Suppose a banking system with the following balance sheet has no excess reserves. Assume that banks will make loans in the full amount of any excess reserves that they acquire and
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
Igora''s pizzeria want to know if it should stay open this spring. Total Revenue will be $ 12,000 per week and Total Cost will be $ 18,000 per week. The fixed cost of running the b
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
Social cost: Social cost of production refers to the cost incurred by a society when its economic resources are used to produce a given commodity. The usage of a society’s res
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