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Suppose that a vaccine is developed for a highly contagious strain of flu. The likelihood that anyone will get this flu decreases as more people receive the vaccine.
a. Private incentives will lead to ______ people receiving the vaccine at a cost of ___.
b. If the flu vaccine is provided by private markets, deadweight loss will be ________.
c. The socially optimal number of vaccines is _____. This externality could most effectively be corrected by _______________________.
Run a regression of testscr on str and avginc, where testscr and str are as above, and avginc is a measure of the average household income in the school district. What is the estimated effect of str on testscr?
What role do monetarists believe the government should play in the economy and why After that has been discussed, What do Keynesian and New classical economists believe about macroeconomic policy. Which role of thinking do you think you would fit ..
Suppose that you agree with the 16-percent rate of return proposed by the company. What factors need to be considered when setting rates designed to achieve this factor?
you have been hired by nobody state university nsu as a consultant to help the university with how to increase their
The provider is assumed to maximize profits. Determine the provider's equilibrium wage and how many nursing units it will hire. The provider is a monopsonist, which means it is the sole purchaser of labor in the market. Nurses are used by the clin..
Hot chocolate is made from chocolate syrup and milk. Using a separate supply and demand graph for each question, please show the effects of the following events on the market for hot chocolate
A. calculate the price elasticity of demand between each pair of prices ($5.00 to $4.50, and so on). b. what happened to Ed as price falls? why does this occur? c. What factors affect Ed?
Compare Smith and Ricardo on the determination of value
Label the points representing choice C and choice D. If you are at choice C, what is your opportunity cost of increasing your chemistry score?
cool-aire corporation manufactures a line of room air conditioners. its breakeven sales level is 33000 units. sales are
explain how an absence of understanding in the u.s. of the relationship between the central banks balance sheet and the
How would the effects of international trade on the domestic orange market change in the world price of oranges were above the domestic equilibrium? Draw a graph to help describe your answer.
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