Questions
5. Wardco mining would like to expand operations in a west Texas region affecting a single...

5. Wardco mining would like to expand operations in a west Texas region affecting a single small town. Expansion would put toxic chemicals into the groundwater that, if untreated, would make the water undrinkable. This is the only effect and, even then, the chemicals breakdown in about a decade. a. If it cost Wardco $40 million to extract the minerals but would cost $10million to treat the water and the value of mined products to customers is $60million, should Wardco be required to pay the cost of treating the water? b. If it cost Wardco $40 million to extract the minerals but would cost $10million to treat the water and the value of mined products to customers is $48million, should Wardco be required to pay the cost of treating the water? Would Wardco do so? c. Suppose it cost Wardco $40 million to extract the minerals and the value of mined products to customers is $48million. It would cost $10million to treat the water but only $5million to buy all the affected residents’ property. Should Wardco be required to treat the water in this case?

In: Economics

Please answer the correct answer and explain it. 1.   In the 1980s, one often-heard explanation for...

Please answer the correct answer and explain it.

1.   In the 1980s, one often-heard explanation for the low levels of net investment in the US and UK was that
a)   developed economies had no incentives for acquiring new capital
b)   investment opportunities were limited because the already large capital stock was inducing a low marginal product of capital
c)   depreciation and obsolescence were so rapid that firms could barely keep up with demands for replacing existing capital
d)   stock market participants sought short-term capital gains from market appreciations rather than long term dividends from investment
e)   rapid price inflation was creating excessive investor uncertainty

Explain your Answer:


2.   Comparing State economies to that of the US as a whole shows that
a)   about half the States are in recession at any point in time
b)   when the US enters a recession, about 20% of the States experience economic expansion, and vice versa
c)   there is very little correlation between the national and regional economies
d)   there is a highly positive correlation between the national economy and most State economies
e)   the 12 Federal Reserve districts experience business cycles independently of each other

Explain your Answer:


3.   Inflation is primarily a problem
a)   because even low inflation rates severely hamper GDP growth
b)   for those who are heavily indebted
c)   when it is volatile and thus unpredictable
d)   because it is severely underestimated, especially when products are improving in quality
e)   for accounting and record-keeping, but it does not affect the actual trading of goods and services

Explain your Answer:

The next two questions refer to the following.

Consider the following hypothetical annual growth rates of real GDP:

Long run trend       1996   1997   1998   1999   2000   2001   2002   2003
  2.5%    3.0%   2.5%   2.0%   -1%   0.5%   2.0%   2.5%   3.0%

1.   1998 appears to have been a year of
a)   economic expansion
b)   recession
c)   depression
d)   growth recession
e)   stagflation

Explain your Answer:


2.   Economic recovery from recession appears to have begun in
a)   1999
b)   2000
c)   2001
d)   2002
e)   2003

Explain your Answer:

In: Economics

Outline all the links in the supply chain for the glass of orange juice you drank...

Outline all the links in the supply chain for the glass of orange juice you drank this morning. Be as detailed and accurate as possible.

In: Economics

Use this information to answer the questions below: A regression has been run for you using...

Use this information to answer the questions below:

A regression has been run for you using the SAS and the following regression equation was obtained:

Y = 30-2X + U.

The following data are given to you for your use in analyzing the assumptions about the OLS model.

Obs

Y

X

(X-)

(Y-)

(X-)(Y-)

(X-)2

(Y-)2

U

U2

u(-1)

X2

1

10

4

2

50

3

3

10

2

4

30

1

  

  1 Give the problem which is caused when serial correlation is present.

  ​(a) If du = 1.40 and dl = .630 is there a problem with serial correlation?

  ​(b) If there is a problem explain how you would fix the problem using first differences. What are the new regression coefficients?

  2 Is there heteroscedasticity exhibited in this model when the appropriate F value is 5.00?

  ​(a) Explain the problem of heteroscedasticity.

  ​(b) How would you correct this problem?

  3 What is multi-collinearity and why should you worry about it.

  ​(a) Why is multi-collinearity more of a problem than serial correlation?

  ​(b) How would you test for multi-collinearity and what might be a solution to this problem? (note: you can not use the data above to answer these questions)

In: Economics

In Market B, there are 7 hospitals. We know B1’s share = 26% B2’s revenue =...

In Market B, there are 7 hospitals. We know
B1’s share = 26%

B2’s revenue = $1 million

B3’s share = 27%

B4’s revenue = $2 million

B5’s share = 5%

B6’s revenue = $4 million

Total hospital revenue = $20 million

Find: Revenues of B1, B3, B5 and B7

Find: the Shares of B2, B4, B6 and B7

Solve for HHI in Market B.

In: Economics

1. Homer Simpson gets a monthly salary of $90, which he spends on donuts and other...

1. Homer Simpson gets a monthly salary of $90, which he spends on donuts and other goods. The donut store charges a price of $3 per donut.

  1. Homer always consumes donuts with other goods – 2 units of other goods with 1 donut. Show the indifference map of Homer and determine his best affordable bundle. Briefly explain your method. (5 points)
  2. The donut store changes its pricing policy. For the first 10 donuts, the price is still $3, but it is $2 per donut for purchases more than 10 donuts. Draw the budget line of Homer. Show the affordable set. Briefly explain your method. (5 points)

In: Economics

Demand: P= 140 - 0.5 Q Total Cost: TC= 2.25 Q 2 Part 1: Find the...

Demand: P= 140 - 0.5 Q

Total Cost: TC= 2.25 Q 2

Part 1: Find the profit-Maximizing Q of the Monopoly  

Part 2: Find The profit-Maximizing price of the Monopoly  

Part 3: Find the Total Profit at the profit maximizing quantity  
Part 4: Find the amount of consumer surplus at the profit maximizing quantity  
Part 5: Find the deadweight loss at the profit maximizing quantity  

In: Economics

Trade War on Developed Markets is a topic of current event occurring in the business domains....

Trade War on Developed Markets is a topic of current event occurring in the business domains.

Need to write a 2-3 pages about this war and how this can affect the economy of business?

Here some questions to help you think about the topic but you can write your own thinking and what you think will affect the economy of business....

us china trade war impact on global economy

Trade war? No trade war? Does it matter? Why should we care?

how this current change economics?!

What caused the US China trade war?

Why China’s Trade War Is Now Seriously Threatened?

Does War Help Economy?

How does a trade war work?

When did the Trade war start?

how this current events affect Business!
what is good side?
what is bed side?
why it is affecting the economy ?
Who is controlling this war?Do trade wars even work?

Why a trade war can’t be won?


etc.....?!

In: Economics

QUESTION 16 World output will be maximized if each country: a. attempts to be self-sufficient. b....

QUESTION 16

World output will be maximized if each country: a. attempts to be self-sufficient. b. specializes in producing those goods in which it has a comparative advantage. c. specializes in producing those goods in which it has an absolute advantage. d. reduces its consumption possibilities. e. equals its consumption possibilities.

In: Economics

1. What are Network externalities? How do they play a role in Networking Effects? 2. Provide...

1. What are Network externalities? How do they play a role in Networking Effects?

2. Provide three examples of Networking either by specific industry or company and provide examples. Consider interlocking contracts as an option. Be creative.

3. Given that Networking can and does really impact company profitability, how have you integrated Networking in your own education and career path? Provide 3 examples of how you have been or plan to Network.

In: Economics

what is the effect of ICT in corona virus to related in ASEAN

what is the effect of ICT in corona virus to related in ASEAN

In: Economics

I am supposed to study this question and answer because it is a possible test question,...

I am supposed to study this question and answer because it is a possible test question, and this is the only one I am unable to answer when it comes to the disadvantages and advantages of a builder. Disadvantages and advantages to a skilled worker -

Describe in as much detail, the key components of the Davis-Bacon Act. What are its advantages and disadvantages to a builder? To a skilled worker?

In: Economics

An online news site earns revenue by selling subscriptions at price pS and ads at price...

An online news site earns revenue by selling subscriptions at price pS and ads at price pA. For simplicity, assume the site has zero marginal cost. Consumer demand for subscriptions is given by:

Qs=1-Ps

Demand from advertisers for ad-space depends on the number of subscribers though:

Qa=Qs(1-Pa)

What price should the firm charge for subscriptions and ads, considered jointly, to maximize profits?

In: Economics

What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity...

What is the law of diminishing marginal productivity? How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.

In: Economics

How do labor relations practices in the public sector differ from those in the private sector?...

How do labor relations practices in the public sector differ from those in the private sector? How does job security factor into public personnel management- is tenure still valid?

In: Economics