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what is the meaning of "the tragedy of the commons?" why did republicans flip-flopped on a cap-and-trade system to mitigate pollution.
Indicate whether each of the following would increase or decrease the cost of capital that should be used by the firm in investment project evaluation. Explain.
Draw and label the effect of an increase in the price of gasoline on the demand for Sports Utility Vehicles. (i.e. draw the supply and demand curves for SUV's and shift one of the curves.
Assuming vanity plates have zero production cost and his estimates are correct, was each state collecting the maximum revenue it could from vanity plates? Explain your reasoning.
Which one is the best? Do we use the production function equation? Or are we considering fixed cost vs variable costs? Where do we start with this one?
The firm's capital is fixed at K. What amount of labor will the firm hire to solve its short-run cost-minimization problem?
How many bushels will each of the farmer's five acres produce? How much revenue will each acre generate? What are the TR and MR for each acre?
Suppose that cookie producers create a positive externality equal to $2 per dozen. What is the relationship between the equilibrium quantity and the socially optimal quantity of cookies to be produ
when the price of grapefruit fall from $2 to $1 per pound, the quantity demanded increases from 60 to 100 pounds. using the midpoint formula, calculate the price elasticity of demand.
what is the equivalent annual worth of costs for the website for a 5-year period (years 1 through 5) at an interest rate of 12 % per year?
Determine the optimum order quantity of baskets assuming the order costs per order is $600 and it costs $2 to carry a unit of basket in inventory per period.
Derive the total-revenue, average-revenue and marginal-revenue schedules from Q = 0 to Q = 4 by 1s. On the same set of axes, plot the total-revenue, averate-revenue and marginal-revenue curves.
Suppose consumers buy 30 million packs of cigarettes per month at a price of $4 per pack. If a $1 price is added to that price. By what percentage will cigarettes sales decline in the short run?
If the per-unit rental rate of capital, r, is $25 and the per-unit wage, w, is $15, then the fixed cost of using 81 units of capital and 9 units of labor is?
Provide an inexpensive input in many production processes. The information in this question suggests what about areas without voluntary recycling?
Restaurant from your competitors by offering northern Italian cuisine and using locally grown organic produce. What is likely to happen in the restaurant market in your hometown after you open?
Derive the equation for the IS curve, Y = kAp. Graph the IS curve for the interest rates between 0 and 8, with intervals of one-half of a percentage point.
Finally, what conditions could account for an eventual zero or even negative marginal product? Explain in words why McDonalds will not likely stop hiring at the point of .
Last year Big Mouth sold 90 megaphones per month at $100 each. After increasing the prices to pass on the tax bill volume decreased to 65 units per month. What is the arc elasticity ( Ep ) of the me
Where Po is the price of some other good. Assune the average value of P is $ 3 and the average value of Po is $ 6. what is the price elasticity at the average values of P and Po?
Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles. How many firms will there be in this industry?
The R&J ice cream company makes gallons of ice cream using the technology. When six ice cream makers are utilized each hour, at what point does diminishing marginal product set in?
In sept 1929 the cpi was at 17.3 and in jan 2011 the cpi was at 220.223. what was the value of the dow jones industrial average in 2011 dollars?
which of the 3 problems with the construction of the CPI are illustrated by each example below? the invention of the ipod. the introduction of airbags in cars.
In 2006 the bottom 50 percent of income earners earned 13 percent of the nation's adjusted gross income. What percentage of the nation's income taxes did they pay?