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 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 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 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: Economics
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.
In: Economics
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.
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. 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 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
In: Economics
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 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 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 does job security factor into public personnel management- is tenure still valid?
In: Economics