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A sprinkler system inside of one house does not protect houses on the other side of town. It also requires the homeowner to purchase and install it prior to benefiting from it. Once installed it can help stop fires from jumping to neighboring homes. Given this information we can argue:
A. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due to their public good nature of being non-rival and non-excludable.
B. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due to positive externalities.
C. There is no justification for government intervention to encourage consumption of indoor sprinkler systems as there is no market failure.
D. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due both to positive externalities and that they are public goods.
Discuss an event in your home city or state that brings new economic activity. It might be a major construction project, or major sporting event that occurs infrequently and brings a large number of people to your local area. Describe who benefits fr..
You think that you need $60,000/year to live on when you retire. Assuming an annual inflation of 3.4%, how much would you need in actual dollars per year 40 years from now to have the same purchasing capability?
How might this potentially benefit students? What problems might high schools and colleges face in trying to help students evaluate the future earnings' prospects of various jobs?
In order for a price-discrimination scheme to be effective at boosting profit, the seller must...
Young Americans (ages 21 to 30) are healthier on average and have lower expected health care costs than older Americans. Despite that, younger people have enrolled in health insurance through Affordable Care Act (ACA) at almost the same rate as older..
Find out the Nash equilibrium prices of the procedures at the hospitals. Do the merger result in price increases.
Why does the assumption of independence of risks matter in the examples of insurance.
q.hana takes two examinations. her overall grade for the course will be the maximum of her scores on the two
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Include in milestones areas identified as risk, as well as where project might be falling behind vs on track. Use colour coding of milestone to indicate this with a legend depicting meaning of colours.
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
What is one cited reason why healthcare expenditures are so high in the United States? What is one cited reason why healthcare expenditures are so high in the United States? Medicare and Medicaid reduce the supply of medical care.
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