Describe the bargaining process between the refineries and the recreational water users, assuming the refineries have the right to pollute.
Use the following graph of the refined petroleum market to answer the questions below.
If the refiners have the right to pollute, they will produce QC. At this point, recreational users have an incentive to pay the refinery not to pollute as long as the payment is less than the MEC they incur at the competitive equilibrium. Refiners have an incentive to accept the payment as long as it is greater than their M? at QC. Both conditions hold all the way up to the efficient equilibrium, QE= 128, where the MEC = M?, and negotiations cease.
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All of the following are sources of funding for capital goods in developing countries EXCEPT
A) portfolio investment. B) taxation. C) foreign direct investment. D) loans from banks.
Assume that you are currently making $15,000 a year as a sales clerk in a department store
At the end of your senior year in college in May you get a job offer from a large accounting firm that won't start until late August of that same year but which pays $45,000 per year. What would you expect might happen to your demand for an automobile and new clothes immediately and why?
Economic growth causes a production possibilities frontier to shift outward
a. True b. False Indicate whether the statement is true or false
?19742015Minimum wage per hour$ 2.00$ 7.25Weekly income from minimum wage$80.00$290.00Cost of a standard basket of goods$47.00$236Number of baskets per week1.701.23
Use Table 2.5 above to answer the question. What happened to the real value of the minimum wage between 1974 and 2015?
A. It remained the same. B. It increased. C. It decreased. D. It could not be determined from the given information.