34) Suppose that in Germany, the opportunity cost of produci…

34) Suppose that in Germany, the opportunity cost of producing a gallon of beer is 5 gallons of wine. In Italy, the opportunity cost of producing a gallon of beer is 3 gallons of wine. What is the opportunity cost of producing a gallon of wine for Germany? What is the opportunity cost of producing a gallon of wine for Italy? Which country has a comparative advantage in the production of beer? Which country has a comparative advantage in the production of wine?

Coal burning utilities release sulfur dioxide and nitric aci…

Coal burning utilities release sulfur dioxide and nitric acid which react with water to produce acid rain. Acid rain damages trees and crops and kills fish. Because the utilities do not bear the cost of the acid rain, they overproduce the quantity of electricity. 23) S1 represents the supply curve that reflects the marginal private cost of production and S2 represents the supply curve that reflects the marginal social cost of production. One way to internalize the external cost generated by utilities is to impose a Pigovian tax on the production of electricity. What is the size of the Pigovian tax that will internalize the cost of the externality?

40) After getting an A on your economics exam, you decide to…

40) After getting an A on your economics exam, you decide to go to your favorite Mexican restaurant to celebrate. You are having trouble deciding whether to order the chipotle chicken chimichanga or the cilantro seafood enchiladas. Use the rule of equal marginal utility per dollar to determine which one to purchase: (a) the chimichanga for $8 which gives you 120 units of utility, or (b) the enchiladas for $15 which gives you 195 units of utility? Assume your budget is large enough to purchase either item.

IV. Pretérito de verbos regulares. Completa las oraciones co…

IV. Pretérito de verbos regulares. Completa las oraciones con el verbo en pretérito. (11 pts.) á é í ó ú ñ ¿ Á É Í Ó Ú Ñ ¡   1. El viernes a las cuatro de la tarde, la profesora Mora (asistir, costar, usar) a una reunión (meeting) de profesores. 2. A la una, yo  (llegar, bucear, llevar) a la tienda con mis amigos. Mis amigos y yo   (comprar, regatear, gastar) dos o tres cosas. Yo  (costar, comprar, escribir) unos pantalones negros y mi amigo Mateo  (gastar, pasear, comprar) una camisa azul. Después, nosotros  (llevar, vivir, comer) cerca de un mercado. A las tres, Pepe (hablar, pasear, nadar) con su novia por teléfono. 3. El sábado por la tarde, mi mamá  (escribir, beber, vivir) una carta. El domingo mi tía  (decidir, salir, escribir) comprarme un traje. A las cuatro de la tarde, mi tía  (beber, salir, encontrar) el traje y después nosotras (acabar, ver, salir) una película.