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Land along the Yarra River in Melbourne has high value as developed property but, in undeveloped form, increases the property values of neighbouring urban communities. It also has recreational values for residents. Analyse the determination of the appropriate amount of undeveloped land along this river as an externality and public goods problem
How does your analysis of VMP change if the employer is a monopolist producer of its output but a price-taker in the labor market?
Econ 301 Assignment, Find at least three other variables that may affect the return of equity of your choice
Does the quantity of trash increase or decrease the willingness to pay for an additional trip?
Using budget lines and indifference curves, prove to your colleague that he is wrong - decompose the change in price into two components: pure substitution effect, and income effect.
What is the equilibrium price in this market and how many cups of coffee are traded in equilibrium
It is supposed that the liquid soap market is perfectly competitive and current price of a case of liquid soap is $42.00. The firm has estimated it's marginal cost function to be as follows: MC=0.006Q.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
For each of the following transactions, identify whether or not it would be included in GDP: What is Metrica's GNP? Is it higher or lower than its GDP?
At what sales/output level will marginal costs (MC) reach a minimum and estimate the value of TVC for sales/output level 250,000 units, and calculate the 95% confidence interval for your estimate.
Identify the extent of safety issues in Canadian hospital care. Describe strategies that might be put in place to improve safety?
Microeconomics is considered to be the study of scarce resources. Here, customers must make allocation decisions. These 3-basic trade offs include which goods or services are to be manufactured,
Define cross-price elasticity, including substitutes and complements and provide a credible explanation of whether demand would tend to be more or less elastic for the share of consumer income devoted to a good.
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