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Q. Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire. The table shows Bob's as well as Nancy's individual marginal benefits of different quantities of fire hydrants that could be installed in the neighborhood. Assume that the marginal cost of installing a hydrant is $10.
By how much should domestic auto-makers increase the cost of automobiles if they wish to increase sales by 5 percent next year.
For each option calculates the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly.
How large is the bias in the CPI due to not immediately incorporating new goods.
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
From the supply and demand schedules, from Belgium what are the equilibrium price also quantity of cocoa beans.
Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.
Why might bad cars drive good cars out of the used-car market. Give at least two possible solutions to resolve this paradox.
Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
Assume no change in current productivity or current labor supply in either country. What is happening to financial flows.
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
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