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The value of a home depends on how attractive other homes and yards in the area are. How do local zoning ordinances try to promote land uses that generate external benefits for neighbors?
The supply and demand equations for a hypothetical perfectly competitive market are given through QS=-100+3P and QD = 500 - 2P.
assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $38 billion respectively. If the economy moves from point a to point b over a 14-year period, what must have been its annual ra..
In the market for organs for transplant, such as kidneys and hearts, the price is constrained to equal one. Opposition to any type of remuneration for donating organs has been all but absolute from physicians and legislators.
Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises that operate from commercial buildings HINT: Among the most popular home-based franchises are cleaning services offered to business..
An industry has five firms, each with a market share of 20 percent. There is no foreign competition, entry into the industry is difficult, and no firm is on the verge of bankruptcy. If two of the firms in the industry seek to merge, this action wo..
Grocery stores and gas stations in large cities would appear to be examples of near-perfectly competitive markets because there are numerous small sellers, each seller is a price taker, and the products are quite similar. Do you agree with this st..
Economic growth is driven by household savings being made available for capital investment. Describe the key aspects of the globalization of financial markets since 1980 that have helped drive growth in the world economy.
A monopolist encounters the following demand curve: P=120-0.02Q-What is the level of production, price and total profits per week?
How much profit does an individual producer make in a month? Is this a long-run equilibrium? If the answer is yes, simply state that it is a long-run equilibrium. If the answer is no, explain whether or not the equilibrium price will rise or fa..
Use the following information from a company's pro forma financial statements to calculate the following profitability ratios for the firm, assuming that all stocks are common stocks:
Define in general the term "internalize the externality" and explain its application in this case. Discuss a policy other than a tax or subidy that could cause individuals to internalize the externality. Explain briefly.
Describe in breif its potentials and limitations for reducing poverty and spurring grassroots development in LDC.
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