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Discuss some reasons for which individual consumers or households might be motivated to provide public goods such purchase of greener but costlier goods etc. Also discuss some reasons that might explain why private firms may engage in such behavior. Why is it a greater challenge to explain the economic motivations for the latter as opposed to such behavior by households consumers?
the fixed cost for a steam line per meter of pipe is 450x 50 per year. the cost for loss of heat from the pipe per
A doctor earns $250,000 per year, while a professor earns $40,000. They play tennis against each other each Saturday morning, each giving up a morning of relaxing, reading the paper, and playing with their children. They could each decide to work ..
The same rightward shift of the demand curve may produce a very small or a very large increase in quantity, depending on the slope of the supply curve. Explain this conclusion with diagrams.
business behavior and public policy1. define market power and then discuss the rationale for government regulation of
workers are compensated by firms with benefits in addition to wages and salaries. the most prominent benefit offered by
what factors influence a firms competitive strategies? how does global economic competition impact the price elasticity
A constant cost, perfectly competitive market is in long-run equilibrium. At present, there are 1,000 firms each producing 400 units of output. The price of the good is $60. Now suppose there is a sudden increase in demand for the industry's produ..
suppose the united states produces two goods civilian goods and government goods and that is all that they produce. ok
As an economist you have been tasked to address a meeting of a company on international professional to describe the differences between micoeconomics and maroeconomic and give real world example.
Calculate the six firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry
mr. larsson is an accountant who prepares final accounts for his clients. work arrives at his office randomly at a rate
What is economic profit? How might it differ from accounting profit? Explain why firms that are making zero economic profit are likely to continue in business.
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