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Question: Indicate which of the following activities create a positive externality, a negative externality, or no externality at all:
a. During a live-theatre performance, an audience member's cellphone rings loudly.
b. You are given a flu shot.
c. You purchase and drink a soft drink during a break from class.
d. A local youth group cleans up trash along a two-kilometre stretch of highway.
e. A firm dumps chemical waste into a local stream.
f. The person down the hall in your residence plays a Britney Spears CD loudly while you are trying to sleep.
what do think led to the end of the Great depression that had had caused a serious shock to the US market?
What level of aggregate output does the consumption curve cross the 45 degree line and derive the savings and consumption functions, and draw a graph showing these functions.
Imagine a firm that hires two types of workers – some withcomputer skills and some without. If technology advances so thatcomputers become more useful to the firm, What happens toequilibrium wages? Explain, using appropriate diagrams.
1. Do you think printers are becoming obsolete with the abundance of electronic documents and means to view them? How well do you think an organization could function without printers? What are the pros and cons of such a scenario?
The interest rate is 5%. A firm's projected revenue from a project is $100M and the project costs are $97M
Stones for the pyramids were quarried far to the south (upstream on the Nile River) and were brought downstream on rafts only during the spring flood of the Nile. Discuss some of the planning and organizational implications of this immense logisti..
1. Chloe consumes chicken wing (x) and beer (y). Let Px+Py=M be Chloe's budget constraint and her utility function is U(x, y)=5xy. a. Find the formula of income-consumption curve. (This is nothing new. You have solved this many times before.)
Use a correctly labeled AD/AS graph to illustrate the short-run effect of the decrease in consumer spending on output and price level. Explain the impact on employment.
What are the main characteristics of an oligopoly? Give an example of an industry with an oligopolistic structure. What are the firms in this industry?
Explain, using the IS-LM diagram(s), the likelihood of restoring the economy through an expansionary monetary policy - Compare the effectiveness of fiscal policy relative to monetary policy in the above context.
Initially, suppose A is an incumbent monopolist (i.e., B is currently not in the market), what is the monopoly price, quantity, and profit? Invoking the Sylos Postulate, how much would B want to produce (i.e., B enters the market) if A stuck to t..
Describe in detail the implementation of the 4ps marketing mix concept by this company icluding, competition, distribution strategy, target market, product strategy,
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