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For each of the following goods, give your best estimate of its most likely degree of rivalness and (relative) exclusion cost, using the definitions of these variables and the information in the course notes on externalities and public goods. Explain carefully how you get your estimates. Plot the goods in a graph with rivalness on the horizontal axis and (relative) exclusion cost on the vertical axis. ? (1) 1000 pounds of compacted scrap steel; (2) 1/2 ton of compacted scrap steel; (3) a mahogany tree in an inaccessible Central American rain forest; (4) a mahogany tree next to a new highway through a Central American rain forest; (5) service provided by a nearly empty bus on its daily route.
Demand and supply analysis, what is the impact on price and quantity in the market for live chickens and explain what the calculated elasticity value means.
WidgetsRUS immediately sends an objection to the confirmation to Gadgets Galore. Describe the remedies available to Gadgets Galore under the Uniform Commercial Code?
Also identify and discuss the flows that are created when Government enters the circular flow.
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
The two firms have the same demand curve P=100-4Q, Marginal cost of Firm 1 is 5 and for firm 2 is 10.
You have a credit-card debt of $16,986 and the interest rate you are paying is 14%. You have been making the minimum monthly payment (assume that the minimum monthly payment is 1.8% of the remaining balance) and you are not continuing to make cha..
Suppose that people expect the Fed to hit its inflation target. A: Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
Compare the column for marginal product also the column for marginal cost. Illustrate what pattern do you see.
Illustrate what is the marketing concept recognizes that individuals pass through stages in the course of their lives in groups that are related to their age, period of mat¬uration, and environmental events.
Should the Federal Reserve Board of Governors remain independent. Illustrate what is the strongest argument on either side
Explain how do payroll taxes levied on earnings of workers affect their decisions about Explain how much leisure they consume?
The dropout rate of minority also international students at U.S. colleges also universities are higher than it is for white American students.
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