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What are negative externalities? Is there any benefits to having negative externalities? What are the different viewpoints of negative externalities? What are some economic problems that can occur because of negative externalities?
Explain the relationship between scarcity, choice and opportunity cost. A well-structured answer will include:
Explain and illustrate using a diagram why a monopolist would never produce in the inelastic range of the demand curve. In each of the following cases, state whether the monopolist would increase or decrease output: Marginal revenue exceeds marginal ..
Suppose that the equilibrium nominal exchange rate is 130 Japanese yen to the U.S. dollar. If the Federal Reserve wishes to maintain an exchange rate of 140 Japanese yen to the U.S. dollar, it must meet the private excess ________ dollars in the fore..
Pat and Chris brew beer and make pizza. Pat takes 4 hours to brew a gallon of beer and 2 hours to make pizza. Chris takes 6 hours to brew a gallon of beer and 4 hours to make a pizza, what is each persons opportunity cost of making pizza?
After reading "the spirit catches you and you fall down" chapters 4-7. What 5 lessons would you recommend that medical schools add to their curriculum? Why and give brief description each lesson
How many shares of common stock must be issued as well as at what price, to raise the required capital.
If the actual budget deficit is $200 billion, the economy is operating $450 billion above its potential, and the marginal tax rate is 14 percent, what are the structural deficit or surplus and the cyclical deficit or surplus?
A local church parish wants to raise money to add to their campus. In a sample from a previous fund raising campaign, the parish found that of the 136 people in the sample they contacted, that 67 actually contributed money. When testing (at the 5% le..
Illustrate what are the consumer surplus, producer surplus and the social welfare in the market.
Examine the major complexities that would arise under expansion via capital projects in the low-calorie, frozen microwavable food industry. Propose key actions that a company could take in order to prevent or address these complexities.
Lifecycle models base on the assumption that households want to maximize their consumption and at the same time insure themselves against income shocks. Are there other arguments that can reconcile the empirical observation of consumption dispersion ..
Discuss the International Health Economics Association (iHEA). Who are the associated member supporters?
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