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consider the market for fire extinguishers.
a. why might fire extinguishers exhibit positive externalities?
b. draw a graph of the market for fire extinguishers, labeling the demand cruve, the social-value curve, the supply curve, and the social cost curve.
c. indicate the market equilibrium level of the output. give and ointuitive explanation for why these quantities differ.
d. if the external benefit is $10 per extinguisher, describe a govt. policy that would yield the efficient outcome.
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The SEC regulations require u.s. corporations to publish operating results on a quarterly basis. How does this short term time frame impact long term profit maximization?
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Suppose you are an economic advisor to the president, who has asked you to design a program to reduce the amount of unemployment associated with displaced workers. What major elements would your plan include
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Conduct an analysis of the demand for the organization product and or services by - Discussing the source of your numerical price and other data.
If one kilogram of flour costs $2 in Canada, and 100 shillings in Kenya, what would Purchasing Power Parity predict the Kenyan shillingto be worth in Canadian dollars.
The second modelassumes that owners of these assets wish to earn the highestpossible returns, and it indicates that the market prices of theseassets provide an indication of the percentage of votes that eachcandidate will actually receive on the d..
Output maximisation and cost minimisation
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