Determine the optimal level of a public good

Assignment Help Business Economics
Reference no: EM13802479

Discuss any problems associated with using majority voting to determine the optimal level of a public good.

No words limit......

Reference no: EM13802479

Questions Cloud

Explain using the labor-leisure model and words : Explain using the labor/leisure model and words, how a progressive income tax will affect the budget constraint of the worker and their behavior or how a tax preference (tax deduction) will affect consumption choices.
The tax is a constant marginal tax on earned income : Use a labor/leisure model (with leisure hours on the horizontal axis and income on the vertical axis) and words to explain in detail why an income tax creates a welfare cost (or excess burden). Assume that the tax is a constant marginal tax on earned..
Salvage value was assumed in calculating the capital cost : K.T. Labs bought a Gene gun for $25,000. The accounting department has estimated that the machine would have an annualized capital cost of $3,880 over its 10-year service life. What salvage value was assumed in calculating the capital cost? The firm'..
What is marginal excess burden : Explain in detail the concept of excess burden and explain the factors significant in the calculation of the excess burden. What is marginal excess burden and why is it important concept for policy evaluation?
Determine the optimal level of a public good : Discuss any problems associated with using majority voting to determine the optimal level of a public good.
Find the firms marginal rate of technical substitution : A firm uses labor and capital to produce output according to the production function q=100KL, where L is the number of units of labor used and K is the number of machines. What is the marginal product of labor. What is the marginal product of capital..
Interest rate will there be an excess supply of money : Look at the graph of the market for loanable funds found below and answer the following questions: At which interest rate will there be an excess supply of money? What does this mean? At this rate, what is the demand for money? What is the supply?
Idea of equilibrium in the income-expenditure model : Use your own words to explain the idea of equilibrium in the income-expenditure model. As part of your answer explain what happens when aggregate expenditure either exceeds or falls short of output in the current period and what impact this has on pr..
Price level and to the equilibrium level of aggregate output : Use the AS-AD model to describe what would happen to the price level and to the equilibrium level of aggregate output in the short run in the following situations: The Fed buys bonds in the open market during a period of low unemployment and no exces..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the price of land

If the marginal product per dollar of capital is $2, the marginal product of labor is 20, the price of labor is $10 and the marginal product of land is 32, what is the price of land?

  Free trade is helping capitalists and harming workers

Suppose someone tells you that, over time, free trade is helping capitalists and harming workers. What fact would you cite to challenge this statement?

  Q1the item to rice or paintings which product did you

q1.the item to rice or paintings. which product did you expect to have a higher index of intra-industry trade and

  Illustrate on a graph the isocost line for acme

The Acme bag company manufactures and sells bags using paper and labor. Currently workers are paid $6 per hour and paper costs $20 per ton. Acme’s current total costs of production are $200,000 per day.  Write an equation for, and illustrate on a gra..

  Explain how fixed and variable costs should be adjusted

Select a private-sector, for-profit firm and write a 1,050 to 1,400-word paper/business proposal in which you provide recommendations to that firm. Explain how fixed and variable costs should be adjusted to maximize profit.

  Suppose that a big mac costs 500 in new york and sf30 in

suppose that a big mac costs 5.00 in new york and sf30 in geneva. suppose further that the price of 1sf on that day is

  In which city hotel room is cheaper and by how much

Suppose the Japanese yen price of one British pound is 163.78 yen for each pound. In which city hotel room is cheaper and by how much.

  Might this knowledge lead to improved forecasts

What do you conclude about relationship between change in sugar price and change in candy price. Might this knowledge lead to improved forecasts.

  Draw a market for portable generators in equilibrium

Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food?..

  Elucidate the impact does the dollar appreciation

Elucidate the impact does the dollar appreciation have on the firm's international competitiveness.

  Increased due the large defense spending

Nepal as a small open economy declared war on Germany on 4 September 1939, in which its government purchases increased and the rest of the world's government purchases also increased due the large defense spending. Then, for Nepal, holding others thi..

  Find the reliability of this chip

Time to failure distribution of a computer memory chip follows Normal Distribution with mean 9000 hours and standard deviation 2000 hours. Find the reliability of this chip for a mission of 8000 hours?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd