Explain why it is worthwhile for the landlord to spend money

Assignment Help Macroeconomics
Reference no: EM13245550

Some apartment buildings hold contests, with monetary prizes, among the residents to see who can grow the prettiest garden. Using the concept of positive externalities, explain why it is worthwhile for the landlord to spend the money on these prizes.

Reference no: EM13245550

Questions Cloud

Analyze the residuals of the regression model : Analyze the residuals of the regression model identified in using formal hypothesis test, check the adequacy of your regression model.
Ethical relativism to determine the best way to deal : Ethical relativism does not do a good job of resolving conflicts, but it can work well to resolve conflicts within a culture by applying the majority rule. For this paper you are going to use ethical relativism to determine the best way to deal
Calculate the peak current and voltage : An 2400W arc welder is connected to a 660?Vrms ac line, Calculate the peak voltage and Calculate the peak current
When we look at gdp there are many factors that we have to : When we look at GDP there are many factors that we have to consider. What part of the components of GDP do you find are the most important when contributing to economic growth?
Explain why it is worthwhile for the landlord to spend money : Some apartment buildings hold contests, with monetary prizes, among the residents to see who can grow the prettiest garden. Using the concept of positive externalities, explain why it is worthwhile for the landlord to spend the money on these priz..
Explain oxygen atom sees an effective nuclear charge : An electron in an atom of Lithium sees an effective nuclear charge of 1.91 at a radius of 152pm. An electron in an oxygen atom sees an effective nuclear charge of 4.45 at a radius of 73pm. How much greater is the attraction between an oxygen elect..
How does the higher charge affect efficiency in the market : In Woodbridge, New Jersey cab fares are not regulated. Taxis may charge whatever they like, provided it is posted on their rate card. This may include a $10 inclement weather (rain, snow, etc.) surcharge.
You are in the role of a consultant with ten years experienc : You are in the role of a consultant with ten years experience in the health care insurance industry. A group of 20 doctors are considering forming a new medical group and have asked you to prepare a report on whether they should build a facility in a..
One thousand bonds were issued five years ago at a coupon : One thousand bonds were issued five years ago at a coupon rate of 10%. They had 25-year terms and $1,000 face values. They are now selling to yield 9%. The tax rate is 40%

Reviews

Write a Review

Macroeconomics Questions & Answers

  Discuss and explain the nature of social and labor issues

Discuss and explain the nature of social and labor issues that domestic producers will likely face with their international suppliers.

  Describe the need for federal government interventions

Describe the need for federal government interventions in these crisis.

  Demonstrate the charging of optimal price for the product

Suppose a firm has a constant marginal cost of $10. The current price of the product is $25, and at that price, it is estimated that the price elasticity of demand is -3.0.

  Discuss the importance of the consumers role in the economy

Financial markets make it possible for those who have saved money to earn a reward by providing the financing for business formation and expansion. Business owners can seek financing through the stock market, the bond market, or the banking sector..

  Analysis of specific news article related to economics

You will be asked to collect five (5) newspaper articles relating to subjects we are covering in the class. As we cover the various chapters you should be actively searching newspapers/magazines to find articles.

  Tradeoff in current consumption and savings

Economists agree that an economy cannot increase without savings. This means forgoing current consumption, saving, and investing in capital goods.

  Describe the optimal method for procuring a modest number

Describe the optimal method for procuring a modest number of standardized inputs that are sold by many firms in the marketplace.

  What was the opportunity cost of your evening at the movies

The night before an economic exam, you decide to go to the movies instead of staying home and working your MyEconLab study plan. You get 50 percent on your exam compared with the 70 percent that you normally  score. a. Did you face a tradeoff

  Does the phenomenon violate the model of pure competition

In NYC cab drivers have to acquire licenses to become cab drivers. They are pretty costly and protect the drivers that are already present in the industry. Still, there are zillions of cab drivers in NYC and they tend to be very picky in terms

  Determine the present value of these future savings

A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present valu..

  Calculate consumption-leisure and labor supply

We assume there are no lump-sum taxes and no dividend income: ? = T = 0. We assume h = 1 and the wage rate w = 1. There is a consumption tax such that for each purchased unit of consumption, the consumer needs to pay 1 +t units where t goes to the..

  Calculate your price elasticity of demand of widgets

Suppose the price of widgets rises from $5 to $7 and consumption of widgets falls from 25 widgets a month to 15 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets? Is it..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd