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In which of the following situations is the Coase theorem likely to apply? Explain.
a. The neighbour who lives below you in the apartment building loves to play old John Denver records at loud volume early in the morning. In fact, his favourite song seems to be “Thank God I’m a Country Boy.” You hate old John Denver songs and this one in particular.
b. You have just moved to Beijing and quickly discover that you are allergic to smog. It causes you great pain in breathing and limits your ability to work. Furthermore, you have medical expenses related to treatment for its health effects on you.
c. Medical research in the 1990s has revealed a specific cause of birth defects related to a certain drug prescribed for pregnant women in the 1960s (thalidomide).
d. The water in the huge underground Ogalalla aquifer in the Great Plains region of the United States is being nitrate contaminated due to agricultural fertilizer use throughout the region. As a homeowner in this region, you find that your water must be treated in order to be safe for drinking.
Discuss the five reasons that Crooks outlines in the article and finish your post by offering your opinion of whether The Economist's viewpoint or with The Industrialist's viewpoint is more agreeable.
Use the following to answer the questions below: z is the marginal utility per dollar, x is the amount spent on product A, and y i the amount spent on product B. Assume MUA = z = 10 x and MUB = z = 21 2y. Assume that the consumer has $10 to spend on ..
What is dual cut off method of the multidimensional poverty index? Based on the three case studies of ' portfolio of the poor' (2009) did you find any poor of Bangladesh, India and South Africa who suffer from any dimension of poverty? if yes, explai..
Expand his shop in that way allowing more customers to be served on a Saturday morning?
What are the twin sins that the natural monopolist will commit that prevents society from realizing the gains?
Maria can read 20 pages of economics in a hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. Draw Maria's production possibilities frontier for reading economics and sociology.
q1. please construct a 150-2000 word response to the following topicquestions as it relates to the recent atampt and
If we can get foreigners to give us real goods and services and talk them in to taking pieces of paper in return why should we want anything different?" Do you agree or disagree with this statement?
The current price of gold is $1,800 an ounce, and the current futures price is 1,850 an ounce. Suppose you expect the price of gold to rise and you enter a long position into a future contract to buy gold. What is the amount that you must deposit (ei..
What laws or regulations may affect your new career? Will these affect your ability to work in certain areas, etc.? What opportunities & threats could potential changes in the government represent?
The firm increases its entire size until it makes 30,000 units a week. What would total cost be if the firm faces constant returns to scale?
Determine the demand function and inverse demand function for good X. Graph the demand curve for good X.
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