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A sprinkler system inside of one house does not protect houses on the other side of town. It also requires the homeowner to purchase and install it prior to benefiting from it. Once installed it can help stop fires from jumping to neighboring homes. Given this information we can argue:
A. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due to their public good nature of being non-rival and non-excludable.
B. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due to positive externalities.
C. There is no justification for government intervention to encourage consumption of indoor sprinkler systems as there is no market failure.
D. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due both to positive externalities and that they are public goods.
In the last year, what is an example of something you have done that can be considered a socially responsible effort? How do you think this has helped your community?
The EZ Credit Company offers to loan a college student $6,200 for school expenses. Repayment of the loan will be in monthly instalments of $382.95 for 18 months. The total repayment of money is $6,893.10, which includes the original $6,200, $1,234.72..
The problem is that the professors also want to attend the party and enjoy the music with the students but they can only attend if they agree to serve beer to the students. Normally, professors do not like this. The marginal cost to them is 200.
You are asked whether current antipoverty policy meets three generally accepted goals of helping, minimizing cost, preserving work incentives also what changes you would favor and why.
If the economy decides to achieve the Golden Rule level of capital also actually reaches it, illustrate what will be the marginal product of capital.
Output per worker yt = 4kt 1/3, the saving rate is 30 percent, and the depreciation rate is 13.3 percent. Calculate the steady-state values of capital per worker and consumption per worker.
In 2011, Britney taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2012, she quit teaching, stopped renting out her basement, and began to use it as the office for her new website design business. Duri..
Explain in your own terms what is meant by a "Point of diminishing returns." Relate it to cost, effort, and return on investment.
What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit.
If the resource prices faced by a firm rise, the result is a(n) The law of supply says that
A group of investors is thinking about buying a ticket also sharing the proceeds if they win. The organizer offers the following deal.
De Beers is a monopolist which supplies diamonds with constant marginal cost and constant average total cost. Draw the average cost, marginal cost, demand and marginal revenue curves. Show the price charged by De Beers without price discrimination.
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