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"As a result of constant flooding, the Chinese government decides to build a dam to control the Yangtze River. This will not only reduce regional flooding but also provide a clean source of energy."
Elucidate why the dam project is considered a public good and discuss whether government intervention leads to a more efficient use of resources.
it is estimated that the price elasticity of demand is -3.0. Is the firm charging the optimal price for the product. Demonstrate how you know.
The average adult produces $75,000 of output per year, Explain how much output is lost as a result of deaths from secondhand smoke, according to the News given below.
Suppose that excess reserves in the Stranda National Bank are $15,000 and the reserve requirement is 4 percent. Illustrate about the maximum amount that the money supply can be increased is.
why do land cost tend to fluctuate in a free market and why taxes on land are often regarded as preferable to taxes on other factors. 700 words
EXplain what is the short-run condition for the monopolist and what output changes would you recommend.
Explicate why the cost structure associated with many kinds of information goods also services might imply a market supplied by a small number of large firms.
why or why not bert is in a set salary he drinks 4 bottles of tea and 10 slice of bread.the price of tea is $10 and $4 per slice of bread.the last bottle of tea added 50 units to berts utility and the last slice of bread added 40 units.is bert ma..
If the total fixed cost increases to $5,000, Elucidate how many papers should be sold daily for profit maximization.
Solve for steady-state level of captial and output. What savings rate would be necessary to achieve a steady-state output of 150.
What do you think the sign and magnitude of the Cross-Price Elasticity of Demand would be between premium juices and soda.
Explain how does the capital/financial account differ from the current account. Give examples of what is included in each.
Elucidate why Pizza Hut has expanded its offerings of pizza over the past five decades
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