Is there an externality

Assignment Help Macroeconomics
Reference no: EM13179001

For each of the examples below, answer the following questions:

(a) Is there an externality? If so, describe it, including references to whether it is positive or negative, and whether it is a consumption or production externality.

(b) If there is an externality, does it seem likely that private markets will arise that allow this externality to be internalized?

1. Toxic waste production by firms

2. Research and development by a high-tech firm

3. Individual vaccination against communicable illness

Reference no: EM13179001

Questions Cloud

What is the probability that you achieve at least 6 tails : Suppose that you flip a coin 10 times. What is the probability that you achieve at least 6 tails?
What is the probability of drawing at least 6 hearts : Suppose that you randomly draw 18 cards from a standard deck of 52 cards. what is the probability of drawing at least 6 hearts?
Find the largest possible volume of the box : If 1600 square centimeters of material is available to make a box with a square base and an open top, find the largest possible volume of the box.
What is the predicted production of an 18 foot tree : The yearly production of a 5 foot orange tree is 36 pounds of oranges. A 14 foot tree produces 72 pounds. What is the predicted production of an 18 foot tree?
Is there an externality : Is there an externality? If so, describe it, including references to whether it is positive or negative, and whether it is a consumption or production externality. If there is an externality, does it seem likely that private markets will arise tha..
What assumptions is the financial reporting model : What assumptions is the financial reporting model based on, what principles support the financial reporting model and who oversees the accounting profession?
What would the changes in attendance would you expect : Movie tickets prices increased by 5% and resulted in a 8% drop in sales. What is the price elasticity of demand? 2. If ticket prices decreased by 5% instead of raising them, what would the changes in attendance would you expect? 3. If a competing cin..
Understand the importance of cash management : Identify items of cash (and cash equivalents), understand the importance of cash management, and discuss revenue recognition when the right of return exists
Identify some budgeting issues including format : Identify some budgeting issues including format, and budget monitoring and What must happen in order for the company to succeed?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate the level of savings

Assume that the initially equilibrium was 200 units and that this was also full employment level of income. Suppose that the consumption is C = 25 + 0.8YD,

  Illustrate what would shoppers see when they shopped

Illustrate what would shoppers see when they shopped in Wal-Mart and the other "big box" stores that sell so many imported items

  Explain the relation of control with payroll function

A potential control for managing risk of employee fraud is to send employees on mandatory vacations. Describe the relation of that control with payroll function.

  Equilibrium level of income for two sector economy

What is the value of APC at income level Z, at income level RM 2000, what is the value of APC

  Determine the cost function

Manchester Foundry produced 45,000 tons of steel in March at a expenses of $1,150,000. In April, foundry produced 35,000 tons at a cost of $950,000.

  Discuss the components of gross national product

Discuss the components of Gross National Product? How does it understate aggregate production in Third World countries where substantial economic production may be consumed directly

  Deposit creation process using deposit multiplier

What is the net effect on the money supply in the economy? Show your work. Assume instead that Sammy uses the $10,000 he receives to pay back a loan from Bad Boys Bank. $8,000 goes to repay the loan itself, and $2,000 represents his Interest payme..

  Cost of production in increasing cost industry

Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to

  Describe the benefits and drawbacks of dynamic pricing

Describe the benefits and drawbacks of dynamic pricing for this particular company.

  Identifying the nash equilibrium for bertrand

Bertand: If the firms compete on the basis of (continuous) price, what is the Nash equilibrium if the game is played once? A finite number of times? Explain clearly.

  Estimate the comet''s maximum distance from the sun

Halley's comet has a period of approximately 76 years, and it moves in an elliptical orbit in which its distance from the Sun at closest approach is a small fraction of its maximum distance.

  The perticular information needed to calculate each metric

The perticular information needed to calculate each metric should be discussed. For each metric discuss the appropriate target value and the actions that need to be taken to achieve the target.

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