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lease review the question and my response. If I'm missing core information (Micro-econ) please tell me what it is and briefly explain.
In recent years, Detroit shut off water to some city residents because of unpaid bills. Those opposed to these shut offs, including the United Nations, claim that city tap water is a public good. Evaluate this claim.
In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others. Although we may all consider water as something people have a right to the definition of a public good explicitly states that the good in question cannot be effectively excluded from use. However, waterlines are controlled by water companies and governments who can effectively monitor the people who use it and effectively exclude the people who do not or cannot afford the “service” provided. Technically by definition use of water systems cannot be considered a public good.
Write the report in narrative form. Do not simply list the questions and answers. Identify the entrepreneur, the name of the business, and the location. Your report should be double-spaced, with 1" margins on all sides.
Are these preferences consistent with the lw of diminishing marginal utility
Electric Company is considering the purchase of a hillside ranch for possible use as a windmill farm sometime in the future. The owner of the 500-acre ranch will sell for $3,000 per acre if the company will pay her in two payments - one payment now a..
A county is considering using a piece of park land for one of two alternative recreation projects.
Suppose the factors of production are ?xed and furthermore suppose the Fed announced today that they are going to reverse the quantitative easing e?orts and decrease the money supply in the near future. What happens to expected in?ation? What happens..
Why did “funding liquidity” play such a big role in the financial crisis of 2007/08? What is“MoralHazard”and why was Secretary Henry Paulson so concerned about it?
Draw the complete consumption-leisure model. Be sure to label completely and correctly. Find the optimal consumption bundle.
If the margin is greater than the average, what can we say about average and margin? Diminishing marginal returns to labor. What is the general relationship between AVC, ATC, and MC?
Marketing research over the internet has increased significantly in the past decade. Outline and then discuss the strengths and weaknesses of marketing research conducted online with respect for a foreign or domestic airline company of your choice.
How will planned investment spending change as the following events occur? The interest rate increases as a result of Federal Reserve policy. The U.S. Environmental Protection Agency decrees that corporations must upgrade or replace their machinery i..
Why do firms from each of the following categories become multinational? Identify the competitive advantages that a firm in each category must have to be a successful multinational. Which of the following can occur as a result of advertising in a mon..
Suppose demand for the firms watches falls permanently to P = 20 - Q/20,000. In view of this fall in demand, what output should the firm produce in the short run? In the long run? Explain.
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