External benefits to society

Assignment Help Business Economics
Reference no: EM131449417

Analyze the external benefits to society and their efficient delivery:

  • Firefighting service
  • U.S. Route 66
  • Public education
  • How do the people in charge of each of these services come to the decisions that provide an efficient quantity of each public good or service?
  • What are the external benefits that each public good or service provides?
  • Are there other public goods or services that you believe have external benefits but fall victim to the free rider problem?

Reference no: EM131449417

Questions Cloud

What is six sigma : Select two fast food restaurants and evaluate them in terms of service quality. Suggest ways to improve the service quality.
What are diseconomies of scale and why might they occur : What are diseconomies of scale and why might they occur?
Identify your favorite video and tell me which one it is : Identify your favorite video and tell me which one it is and why it is your favorite. "Could TED Talks for Managers be a valuable resource, and why?"
An investor enters into a short oil futures contract : An investor enters into a short oil futures contract when the futures price is $18.0 per barrel.
External benefits to society : Analyze the external benefits to society and their efficient delivery:
How many contracts must it buy or sell : The multiplier on the futures equals $250. If MPM wishes to hedge the systematic risk in its portfolio, how many contracts must it buy or sell?
Result of adult deaths : If the average adult produces @20,000 of output per year, how much global output is lost as a result of adult deaths from secondhand smoke?
University admission process : Calculate the cycle time of activities 1 and 2 documents arrive to University Admissions and checking for completeness of the documents.
Do a failure mode effect criticality analysis : Do a failure mode effect criticality analysis for any new model of smart phone from Samsung - develop a "House of Quality" matrix and "Quality Plan"

Reviews

Write a Review

Business Economics Questions & Answers

  What is their percentage rate of return

There are 300 purely competitive farms in local dairy market. Of the 300 dairy farms, 297 have a cost structure that generates profits of $24 for every $300 invested. What is their percentage rate of return? The other two dairies have a cost that gen..

  Policies established by the world bank

Policies established by the World Bank and the IMF have been the subject of much criticism, especially from the developing world. Why might developing world nations be critical of these policies? Do you think the policy actions are justified? Explain..

  Company expects this combination of medical care

The consulting firm McKinsey and Company expects this combination of medical care and tourism in India to approach $2 billion a year by 2012.

  Assume that the bond payments are annual

A bond with 20 years remaining has a face value of $1000 and a coupon rate of 15%. Assume that the bond payments are annual and the coupon was just paid.(a) What is the yearly coupon payment?(b) What is the price of the bond if it has a 6% yield to m..

  Money supply to lead to a decrease in real gdp

New classical economists believe that it is possible under certain circumstances for an increase in the money supply to lead to a decrease in real GDP in the short run.

  What is the estimated value per share of the firms stock

Assume that the average firm in your company's industry is expected to grow at a constant growth of 6% and its dividend yield is 7%. Your company is as risky as the average firm in the industry. what is the estimated value per share of the firm's sto..

  Calculate the dead weight loss associated with externality

Suppose demand for a product Q = 1,200 - 4P and supply is Q = -200 +2P. Furthermore, suppose that the marginal external damage of this product is $8 per unit. How many more units of this product will the free market produce than is socially optimal? ..

  Use in influencing the commercial banking system

What are the various ways in which the Federal Reserve influences the economy? What important tools do they use in influencing the commercial banking system?

  Borrowing in the form of debt is riskier than borrowing

Borrowing in the form of debt is riskier than borrowing in the form of equity. Explain why this is true.

  Cabrini community college charged her a flat tuition

Each term, Dana, a student at Cabrini Community College has a budget of $4,000 she can spend on college credits and drama classes. Each college credit costs $200, while a drama class costs $100. In your graph, add an indifference curve to illustrate ..

  What would happen to the amount of economic investment

What would happen to the amount of economic investment made today if firms expected the future returns to such investment to be very low.

  What saving rate would yield golden-rule level of capital

Consider an economy in which production characterized by the neoclassical function Y=K^.5N^.5. Suppose, again, that it has a saving rate of .1, a population growth rate of .02 and a average depreciation rate of .03. Determine what saving rate would y..

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