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State whether each of the following goods and services is non-rival, non-excludable or both: (Explain)
a. A toll road.
b. A public park.
c. A lighthouse.
d. An art museum.
e. A radio broadcast.
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..
Illustrate what is the equilibrium price and quantity of hotel rooms on Manhattan Island.
How should the IMF (international monetary fund) operate? Why is the topic of interest to you in this course? How do you want to answer the question or issue you are pursuing?
Describe the business and, utilizing the concepts of unit and the earlier units, discuss - what costs you would incur;
Which of the below are examples of substitute goods
Compute the t-statistics for each variable and explain what is inferences can be drawn from them.
how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.
Linda made a deposit of $400 in her savings account 5 years ago. in the first year her account was earning 6%, but she did not deposit any money. in the second year her interest increased to 8%, when linda knew about the increase she deposited C amou..
Calculate the purchasing power parity exchange rate between the Swiss franc and the dollar. Based on your calculation, is the SF overvalued or undervalued.
A monopolist faces the demand curve Q = 11 - P . The monopolist has a constant average (and marginal) cost of $6 per unit.Draw the average and marginal revenue curves and the average and marginal cost curves. What are the monopolists profit-maximizin..
q1. firms with costs c q2 36 face demand p 24 - nq and behave under the rules of monopolistic competition. compute
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price $2/unit of food. draw the budget constraint for the individual with the composite good on the y-axis and food on the x-axis..
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