Private Costs and Social Costs of the project

  The country of WWTWB (Whichever Way the Wind Blows) is considering implementing a project that will install a windmill farm 10 miles offshore of a rapidly growing beach community. You have been requested to undertake a cost-benefit analysis to evaluate the...

The Amount of Resource Extracted in Each Period

Consider a two-period model in which there is a fixed supply of a depletable resource. The demand for this resource is constant over both periods and is given as: P = 176 – 0.4Q and MC = 44 There is an initial resource endowment (supply) of 1000 units of the...

Reflective Writing: Settling into University Life

  For this task, we have to write a reflective writing piece, about the first month in university and how we have settled into university life. (I have uploaded all of the requirements as screenshots down below). So it’s not an essay based, it’s a...

Opportunity Cost

What is Opportunity Cost (Define and Explain) ? Give an example of an Opportunity Cost. . Define Shift In Demand. Define Caveat Emptor. How is Caveat Emptor related to Economics and Consumer Choice? [explain your answer]