Assuming that Houston uses a flat fee pricing system for trash services, the equilibrium quantity of MSW services provided is
Use the following forany or all of Questions 11 through 13 below. Consider the following model of the municipal solid waste (MSW) services market in the city of Houston.
MSC = 1.5 + 1.25Q MSB = 30 – 2.5Q
MEC= 0.75Q MEB= 0
whereQ is the number of trash containers serviced per household per month.
a. 12 c. 0
b. 1.2 d. 3
a. 12
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Which of the following could result in a recession?
A) a rise in the price of oil B) an increase in investment C) a tax cut D) an increase in the quantity of money E) an increase in government expenditures on goods and services
If the reserve ratio is 20 percent, how much money can be created from $100 of reserves? Show your work
Mr. Paque is a bear hunter for timber companies that want to diminish damage to trees done by bears in the spring. Due to a reduction in the bear population between 1995 and 2005, Mr. Paque finds fewer bears each year and additional hours spent hunting produce fewer additional bears. This means that Mr. Paque’s (i) overall productivity has fallen; (ii) marginal product has fallen.
A. i and ii B. i not ii C. ii not i D. neither i nor ii
Refer to the information provided in Table 24.6 below to answer the question(s) that follow.Table 24.6All Figures in Billions of Dollars
Refer to Table 24.6. The value of the government spending multiplier
A. is 10. B. is 5. C. is 0.9. D. cannot be determined from the available information.