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Consider the following list of goods. For each good, explain the following points.
Are there any externalities associated with this good?Explain whether the private market should provide this good or the government should provide this good. Explain in terms of whether the characteristics of the good would make it difficult to be provided by the private market or the government.
List of Goods:A. A cup of coffee at a coffee shopB. City fire protectionC. Polar bears in the ArcticD. Clean air
What is the shutdown point? Give an example. How is the short-run defined in the production process? Please provide references if applicable.
The owner-manager of Good Guys Enterprises obtains utility from income and from having the firms behave in a socially conscious manner such as making charitable contributions or civic expenditures.
Calculate marginal pdf's of both variables and calculate the probability that Bobo has fun if Bobo studies economics.
A monopoly with a more elastic demand curve will have more market power and monopolist can earn positive profits in the long run because it has market power
Draw a diagram showing how the market equilibrium will change if the marginal social costs of a polluting production activity are included rather than just the marginal private costs of that activity.
Jonathan a two-and-a-half-year-old, lives with his mother and brothers at his grandmother's house in Chicago.Based on the information in Jonathan's case study,what is Jonathan's rate of growth over the past six months.
As the employer who wants to reduce the production cost during the economic recession, he or she could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for all.
Wendy's narrowed the vanillas to two varieties and brought more than 100 consumer testers into stark white tasting booths at its head headquarters. The testers were told to take at least three bites of each sample before deciding which they prefer..
Is First Amendment free speech protection only afforded to the spoken word? Explain. 2. The 2007 PwC Report suggested three things companies could do to minimize accounting fraud. Discuss these suggestions. 3. Describe the three types of negligence c..
If Microeconomics is considered to be study of scarce resources. In which customers must make allocation decisions. These 3-basic trade offs include which products or services are to be manufactured
The range of reserve requirements that the Board of Governors can set for net transaction accounts is a. 3 to 6 percent b. 8 to 14 percent c. 3 to 14 percent d. 0 to 9 percent
Assume you were appointed economic adviser to a less developed country in Africa. The country seeks to encourage capital formation and wants to raise the rate of saving of its own residents and encourage foreigners to invest in their country.
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