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1. What are some externalities associated with cell phone use in cars?
2. You know you would be the ideal candidate for a new job that opened up, but your potential employer doesn’t know any more about you than the other applicants. Furthermore, she has no reason to believe that you are or are not telling the truth during the interview. How might you solve this asymmetric information problem and get the job offer?
3. Imagine you live with a group of people, and one of them has a habit of hanging out in the common room and talking about topics that make everyone else feel very uncomfortable.
4. What are two ways you may try to solve this negative externality problem?
5. What are two ways a country could promote economic growth? Explain.
6. A student chooses to sign up for a Pass/Fail grade instead of a letter grade in a given course.Is this an example of adverse selection or moral hazard? Explain.
during the countrys current economic malaise along with that of our local economy what can individuals and businesses
quadplex cinema is the only movie theater in idaho falls. the nearest rival movie theater the cedar bluff twin is 35
What is the dollar value of the deadweight loss when output level Q3 is produced? What is the dollar value of the total surplus when output level Q3 is produced?
While starting salaries have fallen for college graduates in many of the top hiring fields, there is some good news for business undergraduates with concentrations in accounting and finance (Bloomberg Business week, July 1, 2010).
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95
part 1 assume that the country is in a period of high unemployment interest rates are at almost zero inflation is
your company bright paints is one of a dozen companies manufacturing a special reflective paint used for traffic signs.
what are the expressions for AC's total revenue ,marginal revenue, total cost and marginal cost as a function of output? what is AC's fixed cost and what is the variable cost?
Sweetgrass Radiology Labs has a fixed amount of radiology equipment. The laboratory can hire any number of radiology technicians per hour to produce radiographs, which are displayed on a screen.
what is the major difference between an oligopoly and a firm in monopolistic competition? why is it so difficult for a
a. the market for bottled water is very competitive. however the water that comes in a pipe to your home water which
This is not a goal of government programs To enforce private property rights ,To prohibit natural monopolies or else.
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