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1. Contrast market failure with government failure in the internalizing of externalities.
2. Is it possible for the government to go too far in trying to internalize externalities? Consider external benefits and external costs.
3. Describe the features of monopolistic competition: a. How is it similar to monopoly?
Ethics begins at home. What moral and ethical problems do you observe around your school? What seems to be causing the collapse of values, if that is what you perceive? Or what keeps students on a moral and ethical journey?
You hire a consultant to estimate the elasticity of demand for widgets, the product that your company produces and sells. When you receive the report it indicates that the elasticity of demand for widgets is -0.6. Briefly explain what that means. Wha..
Falling Gas/Oil Prices is a good thing, right? Please develop a course of action to help stabilize the economic crisis that seems to be hitting parts of Texas and North Dakota the hardest since China’s slowing economy lowered demand and the price cra..
Define and explain the crowding-out and crowding-in effects. How do budget surpluses and budget deficits affect the consumption and investment components of GDP?
Which of the following might explain why the government would create a price ceiling for a certain good?
A computer-controlled milling machine will cost Ajax Manufacturing $65,000 to purchase plus $4700 to install. If the machine would have a salvage value of $6600 at EOY 20, how much could Ajax charge annually to depreciation of this equipment? Ajax us..
Almost all programs need data to operate, and the data must be stored somewhere. Data structures serve the purpose of storing data in a program in an organized way.
The ABC marketing consulting firm found that a particular brand pf portable stereo has the following demand curve for a certain region: Q=10,000 - 200 P + 0,03 Pop + 0, 6 I + 0.2 A where is Q the quantity per month, P is price ($), Pop is population,..
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Hollywood screenwriters negotiate a new agreement with movie producers stipulating that they will receive 10% of the revenue from every video rental of a movie they authored. They have no such agreement for movies shown on on-demand television. When ..
Consider the following data. Assume that the fixed cost of the 3rd unit of output is $9.00. Calculate average fixed cost, average variable cost, average total cost, marginal costs, total varibale cost and toal cost for each unit listed in the chart.
A local taxi-owner's union is meeting to decide whether to raise the minimum ride price from $5 to $6. This price is the flat rate any rider pays who travels less than 2 miles. An economist at the meeting tells the group that studies have shown that ..
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