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Discuss the tragedy of the commons in a free-market economy. Address the following in your response: Explain the concept of the tragedy of the commons Can it be avoided in a true free-market economy? Why or why not? Identify three government actions that you believe can have a positive, efficient outcome in the midst of negative externalities. Is government intervention necessary to prevent the depletion of shared resources? Why or why not? What other methods can be implemented to help manage the situation?
Do you believe government efforts to manage the economy usually make things better or worse? Provide research support for your positions. Respond to at least two of your fellow students’ postings.
Illustrate what varibles other than price appear to have the biggest impact on the demand for mcdonald's products. how much influence does the company have over these varibles.
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Assume that the price of Smartphone’s increased from $420 to $444 per unit. The manufacturer decides to supply 15,000 units instead of 12,000. Calculate the price elasticity of supply.
A firm that acquires a substitute product can reduce inter-product cannibalization by
According to the Solow model, Japan had a __________ growth rate of output per capita than the U.S. during the 1960s and 1970s because ____________.
q. assume always there wireless serves 100 high-high demand as well as wireless consumers each of whose monthly demand
As soon as she graduated with an enginering degree and started working, Jamie bought a car for $40,000. A down payment of $10,000 was paid by her dad as graduation gift. The rest of the amount was financed with Generous motors at 3% nominal interest ..
The Malthusian population trap model implies that
Suppose that a homeowner converts part of an existing family room in her house into a new bathroom. What is the expected increase in the value of the house?
Market demand for laptop computers is y = 500 - 2p. But the computers are developed by a hardware firm with a cost function c(y) = 10y + 100, & the operating system is developed by a software firm with a cost function of c(y) = 150. Calculate the opt..
What is regionalism? Use European Union as an example to illustrate the major steps toward regional integration. What major features can you identify for regional integration in Europe. North America and 1'ast Asia? What are the dynamics for regional..
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