1. Consider the following two-period extraction problem (assume a zero discount rate): Supply (marginal cost of extraction): MC1 = 4 MC2 = 2 Demand (marginal benefit of consumption): MB1 = 10 - Qi MB2 = 12 - Q2 Total supply of the resource: 10 a) What quantities and prices solve the dynamic efficiency problem, considering both time periods? b) Suppose government imposes a tax of $8 for each unit of the resource, starting in time period 2. Solve for the new prices and quantities in each time period. c) Find the level of the tax such that increases in the tax do not change Qı, but decreases in the tax do change Qi.

Question Your borrower is being relocated and needs to close on the purchase of their new home in thirty days. Their spouse will not be moving for another six months. How much income can be used for qualifying if the relocating borrower is earning $120,000 annually and the trailing spouse is earning $43,000 annually? (FHLMC) Choices: $13,583 $10,000 $11,791 $13,500

(3-2a MT) A chemical factory is located next to a farm. Airborne emissions from the chemical factory damage crops on the farm. The marginal benefits of emissions to the factory and the marginal costs of damage to the farmer are as follows: Quantity of emissions Marginal benefit to factory ($) Marginal cost to farmer ($) 500 100 350 100 150 200 250 300 200 270 240 210 15 30 45 180 120 60 75 350 400 90 90 450 60 30 500 0 Suppose there are no laws preventing the chemical factory from emitting pollution, and the farmers and factory are unable to negotiate. How much pollution will the factory emit? 105 120 135

Affordability R109 per week. Proteas (R15) Roses (R8) Lavender (R6) No. MU TU WMU MU TU WMU MU TU WMU 1 40 40 32 32 20 20 2 35 75 26 58 18 3 30 105 24 82 15 4 23 128 (b) 101 12 5 18 146 16 117 9 6 15 161 10 127 6 (c) 7 0 (a) 8 135 0 8 -6 155 (d) 135 -4 9 -15 140 (e) 131 -7 Calculate the average utility of 4 protea flowers. Round off to zero decimal places. Do not forget the word "utils". Blank 1 Blank 1 Add your answer