Public services relative to privately produced goods, Public Economics

Industries in the country of Technologia invest in latest equipment that annually enhance productivity of private workers by three percent. Government employees do not profit from same technical advances.


1.    If wages in the private sector are set eqivalent to the value of the marginal product, how much will they increase yearly?

2.    Government workers annually get increases so that wages remain comparable to those in the private sector. What happens to the price of public services relative to privately produced goods?

3.    If the similar quantity of public services is produced every year, what happens to the size of the government (measured by spending)?

Posted Date: 3/21/2013 1:41:43 AM | Location : United States







Related Discussions:- Public services relative to privately produced goods, Assignment Help, Ask Question on Public services relative to privately produced goods, Get Answer, Expert's Help, Public services relative to privately produced goods Discussions

Write discussion on Public services relative to privately produced goods
Your posts are moderated
Related Questions
Question 1: (a) Describe and distinguish between the Linear Stages Theory and the Structural Change Models. (b) What are the limitations of each of the above two models.

For a very large part of 20 th century, we may recall, there existed capitalist market-oriented economies and socialist planning-oriented economies. 21stcentury is however witness

Industries in the country of Technologia invest in latest equipment that annually enhance productivity of private workers by three percent. Government employees do not profit from

stages and various coordination mechanisms involved in policy processes..

The structural interdependence, in fact, forms the basis for the policy maker's choice behaviour for policy or policy mixes. The spectrum formed by various policy mixes depends on

Development of Green Indicators Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

The purpose of this assignment is to provide you an opportunity to enhance your skills related to use of APA format to cite references and selection of research articles most relev

what do you understand by private & public goods. Distinguish between private and public goods.

The require for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Suppose these statements to be correct, 1.    How will a successful campai

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4