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How do you define one person who has a comparative advantage over another if his or her opportunity cost of performing a task is lower than the other person's opportunity cost? Explain how the concepts of marginal benefits and marginal costs are used to make choices. ...
Humanity has a shrinking window to drastically reduce greenhouse gas emissions, yet climate action is still lacking on both individual and policy levels. We argue that this is because behavioral interventions have largely neglected the basic principles of operant conditioning as one set of tools to p...
As a competitive alternative to road and air transport, high-speed railway (HSR) has become a popular choice for Chinese citizens to travel. However, due to the very high construction and maintenance costs of HSR, and the return rate is quite low or even negative, leading to public doubts ...
DEMAND Quantity demanded : the amount of a good that buyers are willing and able to purchase. Law of Demand The quantity demanded of a good falls when the price of the good rises. $ # Demanded 8 Ben’s Demand Schedule 17 Ben’s Demand Curve Price of Ice-Cream Cone $3.00 2.50 1. A...
Estimated DSGE models tend to ascribe a significant and often predominant part of a country's trade balance (TB) dynamics to domestic drivers (“shocks”), suggesting foreign factors to be only of secondary importance. This paper revisits the result based on more agnostic approaches to shock tra...
real-time. Plant owners should make an efficient choice, driven by price signals, between selling at different market segments (day-ahead, intraday, balancing, and system services). Power plant owners should also be incentivized to schedule the maintenance of power plants during lower-price periods...
I chose my current job because I was able to help a lot of students in their econ class, but at the same time learn valuable personal development skills such as leadership, communications, career decisions, teamwork, etc.”– Minh, finance major, Vietnam LSU business major Yash is building...
Physiotherapy is effective to reduce pain and improve the quality of life of people living with chronic pain. To offer high-quality physiotherapy services, these services must be patient-centred and respond to patients’ needs. However, few studies seem
and the business environment (Lee and Song2010). Information is collected to make it easier for shipping lines and logistics operators to identify and respond more quickly to changes in the market and to demand (Lee and Song2010), but internalizing such knowledge might also benefit partners in ...