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a. Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram.
b. Is it fair to charge all households a flat rate for waste disposal? Why or why not?
c. Are common resources public goods? Why?
d. Are university television programmes broadcast on television public goods? Briefly explain.
e. Professor Paul Romer of Standard University argues that market mechanism and private property rights are excellent ways to preserve common resources, but not so good at encouraging production of new ideas or inventions. Do you agree with Professor Romer? Why or why not?
Illustrate what is the maximum profit. Suppose that the fixed cost rises to $200,000. How would this affect the profit-maximizing price.
Supply and Demand in the U.S. Car Market. Please include a graph showing the initial equilibrium and the new equilibrium with the corresponding price and quantity and an explanation to support your answer. As the price of gas increases, what happens ..
Suppose the two doctors play a one-shot game-which is, they interact only once also never Once more.
If the price of one good is four time the price of the other also the price of both double, Illustrate what effect does it have on the set of affordable bundles
Compute the industry o/p also marketplace share at the present price of $2,200, assuming the prices are stable also un such as to change.
European retailers utilize a wide variety of government regulations to restrict entry.
Consider a consumer with $10 to spend on these 2 goods where the price of apples is always $2 every.
q. suppose there are two consumers a and b. the utility functions of each consumer are given byuaxy xyubx y 2x ythe
Prepare the income statement and retained earnings statements for the year and the classified balance sheet at August 31.
Why are poor countries poor and rich countries rich. Illustrate what are the main ingredients for economic growth.
Explain how each of the subsequent events affects the equilibrium price also quantity of pizza- the price of mozzarella cheese rises.
q.a borrower takes out a loan from a bank and can invest in a risky project that will produce revenue of 185 with
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