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What are the two characteristics that define public good? Which of the following are public goods: parks, police services, welfare payment to the poor, space exploration?
Finance the expenditures with an equal increase in taxes and keep tax revenues constant and borrow the money from the public by issuing new government bonds
someone drives through green hills you see large luxuriant homes spread across very large and beautiful pieces of real estate. Why are nice homes usually built on expensive lots rather than cheap ones
What is a price taker? Discuss the assumptions that are made in order to obtain the perfectly competitive model.
An essay on Market imperfection associated with negative externalities.
Gene Milton borrowed today a sum of $5,000 from his uncle Ben and at the end of year three paid a sum of $5,000 and paid another $1,000 at the end of year four to pay off the loan.
How does monopolistic competition differ from pure competition in its basic characteristics From pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the demand curve facin..
What is the entire relationship between the price of the good and quantity demanded of the good?
janice j and kelly k like fireworks displays. the marginal benefit curve for janice is mbj9-q. kellys mbk27-3q. q is
Explain how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product, and how a firm's value of marginal product is related to its demand for l..
Other things constant, should your friend continue to operate in the winter months? Be sure to explain to her why she should or should not continue to operate
Assume the elasticity of demand for chewing tobacco is .60 and the elasticity of supply is 2.30. Suppose an anit-chewing tobacco campaign decreases the demand for chewing tobacco by 18%. The equilibrium price of chewing tobacco will decrease by ..
Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy
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