Suppose that the cost of eradicating polio from society

Assignment Help Business Economics
Reference no: EM13840293

Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social surplus created by eradicating polio?

Reference no: EM13840293

Questions Cloud

Different categories of common financial ratios : What is financial system? How it helps firms to raise short term and long term funds requirements and what are major components of financial statements? What purposes it serves to its users.
Using present value analysis math : Using present value analysis math, discuss the cost and benefit of paying for 4 years of college. Make any assumptions you want about the market interest rates. Use math and discuss. Is going to college worth it?
Calculate the steady-state growth rate of capital : Given the production function Y = A and fixed values for the saving rate and depreciation, if productivity is growing at an average rate of three percent, and the labor input grows at two percent, there is a unique growth rate of capital that is sust..
The specifications named clearly in a contract. : As the managing director for your company, based in India, that manufactures computer equipment, you are negotiating with an official in China. His job is to select computer equipment for city employees. You are adamant that you want all the specific..
Suppose that the cost of eradicating polio from society : Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social..
Culture assignment choose a particular culture : Culture ASSIGNMENT Choose a particular culture, identify those characteristics that describe and predict their consumer behavior, discuss these specific behavior in details. Include the following in your paper: Identify the cultural group you selecte..
Curbing market power of natural monopolies : In the United States, what has been the traditional policy for curbing the market power of natural monopolies such as utilities?
Investigate the issues at pressure hydraulics : Improve control over stock ordering. A new system is required to manage this aspect of the business. The ability to order stock for the three businesses instead of individual ordering would ensure economies not being realised at the moment.
Is the problem clearly stated and is significant to nursing : Analyze and critique a quantitative nursing research article from a nursing research journal published within the past 5 years. Is the problem clearly stated and is significant to nursing or health care

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate marginal revenue curves-develop demand schedules

A firm in an oligopolistic industry has identified two sets of demand curves. If the firm is the only one that changes prices (ie., other firms do not follow), its demand curve takes the form Q=82-8P. Calculate marginal revenue curves for each. Devel..

  What are intellectual property rights

What are intellectual property rights? How are they different from property rights to physical assets? Why has digitalization been hazard to intellectual property rights?

  What are the advantages and disadvantages of currency union

What are the advantages and disadvantages of a currency union? Describe the theory of optimum currency areas?

  Q1 you have been contracted by an economic consulting firm

q1. you have been contracted by an economic consulting firm to determine the economic structure and possible future

  Punish beta with a retaliatory price cut

Can Alpha make a credible threat to punish Beta with a retaliatory price cut

  Illustrate the effect of capital formatin production curves

Illustrate the effect of capital formatin by comparing the production possibility curves, at the present time and ten years in the future, for two economies, one with a high and the other with a low rate of capital formation.

  Market structure that is making short run economic profits

A particular market structure has the following characteristics: the cross-price elasticity of the goods bought and sold in this market is +3.0, firms must lower price to sell more, and there is relatively easy entry into this market. Illustrate a fi..

  Explain why standardised products

Explain why standardised products are desirable for international companies, and the circumstances that are likely to prevent its implementation?

  Construction company is bidding

A construction company is bidding on a project comprising five high-rise buildings to be erected one after the other.

  Businesses participate in the global workforce

American-based businesses become more global every day. With changes in national and international demographics, we are seeing many American businesses participate in the global workforce.

  Calculate the NPV and IRR

Peggy's Peaches has developed a new product, the Bruiseless Peach, which always stays peachy fresh. Peggy's paid 85,000 to a marketing firm to survey the bruiseless peach market. The potential sales were estimated at $250,000 per year. New equipment ..

  Describe the budget constraint which she faces when deciding

Describe the budget constraint which she faces when deciding how many drinks to buy.

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