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1. Discuss two reasons that government should intervene in the operation of free markets and give two examples of real-world government policies or programs motivated by these reasons. 2. Since education yields private market returns, which are fully captured by the person who makes the investment, the market will provide the optimal level of education and the govern- ment should not intervene. 3. The Tiebout model states that the correct level of public goods will be provided by the local government (only consider public goods provided by the local government.) Discuss the underlying assumptions and whether you believe they hold in reality.
There are two players 1 and 2. re are two cards: "High" and "Low". Player 1 chooses at random one card. Write a strategic form also find optimal strategy of player.
Suppose the demand for good X is given by Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these prices and income, how much of good X will be purchased?
Illustrate what is the estimated KWH also illustrate what is the interval which would contain 95 percent of such estimates.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
Why would a US company choose to export a product to India rather than license India the right to produce the product locally
Explain how much money willyou have earned when the bond reaches maturity in five years.
Since under price leadership by the dominant firm, the firms in the industry following the leader behave as perfect competitors or price takers by always producing where the price set by the leader equals the sum of their marginal cost curves.
Elucidate what is the present discounted value of the cost of the car if you use GM's interest-free financing
Determine total cost of quality when re are no defectives. D = 0 and product quality is perfect. What are primary capabilities created by supply chain technology. How can y drive supply chain excellence.
What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low.
Assume income is $10, the price of each slice of pizza is $1, and the price of each glass of beer is $2. Now change income to $12 and show a demand curve for pizza.
An economic system, in which economic decisions are controlled by the internal interaction of supply and demand, is known as a Illustrate what.
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