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Health officials have suggested that teen pregnancy and sexually transmitted diseases can be reduced if contraceptives are more widely used. Use the concept of a demand-side externality to explain why the amount of contraceptives in the United States is likely to be lower than the optimal number. Explain one way the government might promote a more optimal use of contraceptives. Answer this entire question using no more than 5 sentences.
Provide a short example of how the law of diminishing marginal utility applies to a real-life situation. In your answer, explain why utility from consumption of these specific good or service increases quickly initially, peaks, and may eventually lea..
As the manager of a 60-unit hotel you know that all units are occupied when you charge $80 a day per unit. Each occupied room costs $8 for service and maintenance a day. In addition there is a fixed cost of $400 a day. You have also observed that for..
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
Illustrate what is factor-proportions theory, also how is this theory useful in determining production advantages
Describe the four successful round of venture financing (Through D) achieved by spatial Technology in terms of sources also amounts.
If the economy is competitive so that factors of production are paid the value of their marginal products, illustrate what is the share of total income that will go to land.
Explain 3 types of economic growth. Provide examples. Why technological changes becomes more important for economic growth. Compare the cost of Multinational corporations operating in a foreign country with the cost of domestic firms. Explain. How ca..
A state in the southeastern region of the United States operates state liquor stores. Prices at the stores are set in the following fashion: add 41% to the wholesale price at which the system acquires the product. To that is added an excise of $8.10 ..
The presence or even the threat of prize freezes (i.e. price controls) may induce firms to integrate vertically (to merge with “upstream” supplier firms or with “downstream” customer firms). Explain why.
Illustrate what is the expected value of your earnings from investing in General Motors stock.
Suppose that you manage a bank that has made many loans at a fixed interest rate. You are worried that inflation might rise and the value of the loans will decline. Why would an increase in inflation cause the value of your fixed-rate loans to declin..
If fixed costs increase to $1200, what will happen to equilibrium price and quantity.
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