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a factory benefits from discharging effluent q into a lake the marginal benefit function is given by 60-2q the pollution causes damages to two nearby
let b1hat and b2hat denote the estimated regression coefficients from a sample of size n for y x1b1 x2b2 ushow that b1 b1hat
name one developing country and determine the countrys top five exported and imported products for the most recent year available in addition find
asume that bob consumes goods x and y according to the following utility function u xy 2x 4xy ycompute bobs marginal rate of substitution for good
assume that joe derives utility based on the following utility function uxy x106 x206106if joes income is 5040 a month and the price of goods x1
suppose a consumer derives utility from consuming two goods x1 and x2 her utility function is given as u x1 y1 8 square root x1 x2the consumer must
inflation problems search the internet for the 2013 economic report of the president and use the gdp deflator price index to answer these questionsa
suppose the consumerworker values two things a consumption good c and leisure l suppose that there are 24 hours in a day and the consumerworker has a
this problem is based on the specific factors model consider the economy of the shire that produces cereals and swords each industry employs hobbits
an economic bad is something you dont want to consume ie less bad is better define an economic bad mathematically and name one economic bad in
assume the marginal external cost mec of oil use is 23bbl in 2013 assume the mec is linear and is equal to 0bbl when there is no oil production
a father wants to save for his eightyearold sons college expenses the son will enter college 10 years from now an annual amount of 40000 in constant
a government data processing center has been plagued in recent years by complaints from employees of back pain consultants have estimated that
an analyst is trying to determine the net social benefits generated by the citys public swimming pool at the current admission price of 100 400
in a survey of 1000 voters 580 responded passively to a question on state issued bond to cover education costnbspnbspan approval rating of over 50 is
1 suppose that the production of 1 million worth of steel in canada requires 100000 worth of taconite canadas normal tarrif rates for importing these
1 under what conditions does a nominal tariff applied to an import product overstate or understate the actual or effective protection afforded by the
david consumes 2 things gasoline g and bread b davids utility function is ugb 10g025b075a use the lagrange method to solve for davids optimal
frisbees are produced according to the production function q 2kl where q output of frisbees per hour k capital input per hour l laborinput per houra
below you will find four different scenarios each one represents a different quarter of the year with the initial situation representing the first
lockheed martin management is considering your proposal to purchase a new water jet machine for cutting 14 gauge aluminum sheets into c-130 fuselage
the economy is made up of c and i and is currently at full employment if consumption is 5 trillion while savings is 1 trillion what is current
1 the largest component of spending in the circular flow model isa investmentb consumptionc net exportsd government spending2 we