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ohn and Dave value national defense differently. John's demand for the public good is: P = 50 - .20Q. Dave's demand for the public good is 30 - .30Q. The marginal cost of providing national defense is $40. What is the socially optimal level of national defense? Calculate the share of the tax burden for both John and Dave (in percentage terms) for national defense based on Lindahl pricing? Finally, let's assume that Republicans value national defense much more than Democrats (I realize this is a gross generalization). Based on this assumption (and not knowing anything else about John and Dave) who is a Republican and who is a Democrat? Explain
Millions of dollar spent to make the software But after it has made the software, the costs in distributing it to customers "entails low incremental costs that is virtually zero".how should the curve look like.
Two suspects are arrested and charged with a crime. The police lack sufficient evidence to convict the suspects, unless at least one confesses. The police hold the suspects in separate cells and explain the consequences that will follow from the a..
Given the choice, a risk-averse person would be more willing to toss a coin twice and receive $1 each time tails comes up than to a coin once and receive $2 if tails come up.
Few states in the U.S. permit citizens to openly carry handguns. People can save themselves in the case of robberies or harm by using these guns.
Online research seems to be the best. They all have pros and cons of some sort. I would use online research to reach a certain demographic and have links from sites that my target market would visit. The benefits would be to gain information us..
you and your friend have decided to open a company selling product of your choice. use any one of the above mention
a firm has total costs tc of 16000 over the next three months total for the 3 months - not per month of which 6000 are
In spite of significant price increases for gasoline in the last two years, the amount of gasoline consumed has not decreased a lot--does this mean that gasoline is an exception to the law of demand.
You have been asked to develop a financial analysis of two projects and based on Net Present Value (NPV), Return on Investment (ROI), and Profitability Index (PI).
suppose in the short run a perfectly competitive firm has variable cost 3q2 and mc 6q where q is the quantity of
How much of each good does each consumer demand in equilibrium and what is the marginal rate of substitution for consumer A at the competitive equilibrium?
describe the calculation of capitated payments. how are these rates determined in managed care organizations? describe
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