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What are the two distinguishing properties of a public good? Explain each in one or two sentences. Give an example of a public good.
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolis..
In a recent study it has been estimated that the own price elasticity of demand for a special type of U.S. manufactured automobile tires is - .75, while the income elasticity of demand is 1.1 and the cross price elasticity of demand with respect to f..
As the manager of smith construction you need to decide on the number of homes to build in a new residential area where you are the only builder. How many homes should you build and what profits can you expect.
If the firms could collude also agree on Elucidate how to split the total profits illustrate what outcome would they pick.
What are the positive and negative aspects of budget deficits and surpluses? What policy is best for today’s economy? Explain your answer.
Do you think it is a good idea for the Russian government to take the measure of encouraging foreign carmakers to build factories in Russia.
Explain how much change in the number of units sold can the company afford and still be no worse off.
How much does New York job have to pay in order for two salaries to represent about same purchasing power. When box office receipts are corrected for inflation, No.
In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
If the market price of suits is constant, illustrate what is the shutdown level of output. What is the minimum price the firm can accept.
directly to patients, who then would be free to choose their health care providers. Whether or not you agree, can you give an economic rationale for this approach to governmental health care funding?
new york citys banking community served many of the functions of a central bank during large parts of the displaced
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