Foundations of Economics, Student Value Edition (8th Edition)
8th Edition
ISBN: 9780134489230
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 3, Problem 4IAPA
To determine
$208 is a part of
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3. Recycling CanFor the past 10 years, five Colorado cities have held a recycling contest to see which citydoes the best job of recycling plastic, glass, and aluminum. Those participating in thisyear’s contest are Arvada, Centennial, Lakewood, Highlands Ranch, and Parker.To make the contest fair for both large and small cities, the winning city will be the one that recycles the largest number of cans per capita—the number of cans recycled dividedby the number of city residents.
0.02
per can
Recycling Can Contest
City
Population
Jan
Feb
Mar
Total
Per Capita
Arvada
15,855
10,505
24,556
12,567
Centenntial
28,951
24,567
21,777
26,719
Lakewood
142,547
102,376
105,876
121,987
Highlands Ranch
2,801,561
2,714,664
2,503,344
1,999,877
Parker
1,689,908
1,523,665
1,487,660
1,002,545
Total
-…
1. Write a sentence or two defining the following terms in your own words. Give examples of each.
a. Planned System
b. Public Goods
c. Recession
B) In his State of the Union address in 2003, President Bush supported the idea of changing from the use of internal combustion engines to fuel cells based on hydrogen as a way of reducing air pollution and the emission of greenhouse gases. Fuel cells are nonpolluting because they only emit water vapor. President Bush proposed having the government subsidize research and development of hydrogen fuel and fuel cell technology. The president did not propose raising taxes on gasoline as a way of encouraging the use of fuel cells and reducing greenhouse gases. Currently, hydrogen is more expensive than gasoline.
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Foundations of Economics, Student Value Edition (8th Edition)
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- 3 2. A decision at the margin Jake is a hard-working college sophomore. One Tuesday, he decides to work nonstop until he has answered 110 practice problems for his economics course. He starts work at 8:00 AM and uses a table to keep track of his progress throughout the day. He notices that as he gets tired, it takes him longer to solve each problem. Time Total Problems Answered 8:00 AM 0 9:00 AM 50 10:00 AM 80 11:00 AM 100 Noon 110 Use the table to answer the following questions. The marginal, or additional, gain from Jake’s first hour of work, from 8:00 AM to 9:00 AM, is problems. The marginal gain from Jake’s third hour of work, from 10:00 AM to 11:00 AM, is problems. Later, the teaching assistant for Jake’s economics course gives him some advice. “Based on past experience,” the teaching assistant says, “working on 25 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For…arrow_forwardThe 9/11 terrorists who flew planes in the World Trade Center Towers caused a. a reduction in air travel b. an increase in highway travel c. an increase in deaths on american highways d. A & B e. A, B, and Carrow_forward
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