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Q1. The government is involved in providing many goods and services. For each of the goods or services listed, determine whether it is rival or non rival in consumption and whether it is excludable or no excludable. Illustrate what type of good is it? Without involvement of government there would quantity provided be efficient, inefficiently low, or inefficiently high?
Q2. If Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even? Illustrate what if it can only sell 100,00?
What economic problem might exist for the government to make this fiscal policy change? If the government wanted to achieve the same change in GDP as in part k by cutting taxes instead, how large would the tax cut have to be?
Devote too few resources to the creation of knowledge. Explain how does the U.S. government correct for this apparent market failure.
What is the equilibrium price? What is the equilibrium quantity? (d.) If the market price is $5 will there be a surplus or a shortage? Of how much?
q1. what are the three most important factors driving economic growth? explain briefly using an appropriate example.q2.
Presumptuous the demand curves were linear or graphically demonstrate your reasoning.
Your boss has chosen you to give a presentation to a number of foreign officials regarding the United States Federal Reserve System.
One feature of a financial crisis is that there is a high demand for safe assets and a low demand for risky assets.
Derive and plot Hugo"s Engel curve for donuts. Explain how much does his weekly budget have to rise for Hugo to buy one more donut per week.
What is the profit-maximizing price and output level? Solve this algebraically for equilibrium P and Q and also plot the MC, D and MR curves and illustrate the equilibrium point.
Depict the von Neumann-Morgenstern utility index u in a diagram
q. speedy growth of the nationwide debt alarmed various politicians as well as created pressure for restricting
What is the present worth of $500.00 in month 1, $510.00 in month 2, and amounts increasing by $10 per month through month 36, if the intrest rate is 15% per year compounded continuously?
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