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Andrew, Beth, and Cathy live in Lindhville. Andrew's demand for bike paths, a public good, is given by Q=12-2P. Beth's demand is Q=18-P, and Cathy's is Q=8-P/3. The marginall cost of building a bike path is MC=21. The town government decides to use the following procedure for deciding how many paths to build. It asks each resident how many paths they want, and it builds the largest number asked for by any resident. To pay for these paths, it then taxes Andrew, Beth, and Cathy the prices a+b+c=MC.(The residents know these tax rates before stating how many paths they want.)
A. If the taxes are set so that each resident shares the cost evenly (a=b=c), how many paths will get built?
If the rate of money growth and the growth rate of the real GDP were the same in both countries, the explain how would the rate of inflation differ among them.
What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?
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Guess as to illustrate what might be the four industry concentration ratios for corn growers in the United States
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Gordon also works 5 hours a week for the economics department to maintain that departments web page. Illustrate the economics department pays gordon $20 per hour.
A tropical country can produce winter coats, but there is no domestic demand for these coats. Explain how this country can gain from free trade in winter coats.
What is the rationale behind the choice of target or acquirer, if appropriate for your opening bid and your overall bidding strategy.
you agree with the argument which the copyright owners of the materials mentioned should not be paid a fee if their material is on YouTube.
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