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Question: In the famous case of Sturges v. Bridgman, Bridgman, a candy maker, had an established business, and Sturges, a dentist, moved into the office next door. Bridgman's sugar-crushing machines set up such strong vibrations that Sturges was unable to use his drill safely when the machines were operating. Is it efficient for a court to order Bridgman to cease doing business because of the harm to Sturges? Explain why or why not.
a. The following table below shows the marginal benefits to Bridgman for each additional hour of candy making in a 12-hour day and the corresponding marginal losses to Sturges. If negotiation is costless, how many hours of the day will Bridgman be making candy? Will this still be the case if the court had instead ruled that Bridgman could operate his equipment without regard to its effect on Sturges? Explain.
Buy new car finance no more than 10000 of the 26000 estimated prices in two years. Now, deposits 5000 in to a savings account now and will make monthly deposits for the next two years.
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year.
A proposal has been made for improving the downtown area of a small town. The plan calls for banning vehicular traffic on the main street and turning.
Gresham's law says that bad money drives good money out of the marketplace. One example was the 1965 U.S. Coinage Act, which replaced silver quarters.
Assume that Qd = 80-2P and Qs = 2P-20. If the government imposes a price ceiling at $15 in this market, what is the loss in producer surplus?
According to the Neoclassical School of Economics, the market institution should ensure:
can someone please help me do a ppf graph as well how to get the following calculationscorn
As a two-stage game using a game tree with Company B going first. Solve this game and identify the Nash Equilibrium and does either Company have a first-mover advantage?
Show that for large n, this estimate of ρ is equal to the one obtained by the simpler formula (1 - d/2).
Describe the roles that federal, state, and local governments play in the economy.
assignment describes price elasticity of demand income elasticity of demand and cross elasticity of demand of toyota
you must identify a franchise that is relatively new (less than 10 years old and fewer than 25 locations in Canada). You must then evaluate the attractiveness of the franchise for an identified location. The evaluation should include: Presentation ..
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