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User charges link funds produced to particular public services- individuals pay only for the services they actually use. Why doesn't all government funding come from such free will transactions and market exchange? A. User charges cannot provide a way to reflect demand for a service. B. Some services have non-appropriate characteristics. C. Some services are produced in systems showing economies of scale. D. None of the above.
What are the input levels for both x1 and x2 in order to minimize the cost for the orange grower
A person who eats a first chocolate from a box of candies, and then a second, and a third, and so on (and nothing else), in an afternoon experiences a: simultaneous rise and fall in both total and marginal utility
What is the total profit? What is the average cost per unit? What is the breakeven quantity (round up to the nearest whole unit)? If variable cost increases to $0.70, by how much will profit decrease (compared to your answer in part A)?
Explain how can each of the 10 principles be applied in an example or experience with which you are familiar. How do you intend to use your newfound knowledge in future economic decisions.
Miley Cyrus, under the conditions of a court order, is required to enroll Summer session at Kardashian College. She is granted $50 a week to spend: either on energy drinks at $2.50 each or on gasoline for her Bentley at $4.00 per gallon. In part a), ..
What was Mill talking about when he wrote about the quality of pleasures?
Assume that the demand for gasoline is inelastic and supply is relatively elastic. The government imposes a sales tax on gasoline. The tax revenue is used to fund research into clean fuel alternatives to gasoline, which will improve the air we all br..
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Illustrate why is it important for average person to understand the basic mechanisms of supply and damand in the market economy.
The simple interest formula is I = Prt (Interest = Principal * rate * time). This is one way that interest is calculated on a loan or investment. Create a loan scenario: Tell a story about the purpose of the loan, who was involved, and explain the te..
Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people? The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar. Risk-averse p..
Explain why there is a blurry line dividing objects that are money from those that are not. Give examples of some clear-out cases and some borderline ones. Could the position of this blurry line change over time?
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