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Are the following statements true or false?
a) “If the assumptions of the median voter model hold, then using majority voting to determine the amount of a public good purchased by a city will lead to either an efficient level of the public good being provided or an under-provision of the public good. It cannot lead to an over-provision of the public good.”
b) A prominent senator has calculated the total social benefit of the current amount of space exploration at $3 billion per year. The total social cost of space exploration is currently only $2 billion. The senator argues that there would be a net gain to society by increasing the amount of space exploration until total costs rise enough to equal total benefits. Is the senator correct?
It is customary for the News media to report about consumer confidence and investor confidence while discussing the national economy. How do you think the confidence of the economic agents affect the economy? From personal or work experience, state f..
Suppose a monopolist faces demand of Q = 300 – 2P and has a total cost curve of TC = 75Q + Q2. What is the firm’s marginal revenue? What is the firm’s marginal cost? Find the firm’s profit-maximizing price and profit.
Utilizing the preceding write equations for total cost, average cost, and average variable cost.
How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
A mineral rights auction is not the same as a common-value auction. An auctioneer is always indifferent between different kinds of auctions. The Dutch and first-price, sealed-bid auctions are strategically equivalent. An English auction always yields..
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
q. in 1999 mercedes- benz usa assumes a new pricing policy which it called nfp negotiation- free process that sought to
question 1a i the subsequent equations relate to the market conditions for pullovers at a given point of timedemand
Name the top ten ways culture affects negotiations You must list all fen to receive credit.
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
What has been the economic effect of marijuana legalization in Nevada, California and all the states that have legalized both medical and recreation marijuana? What similarities or dissimilarities are there, when you compare marijuana legalization wi..
Explain why the different definitions are important also explain the different procedures of the money supply.
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