Why might social costs of a car journey exceed private costs

Assignment Help Microeconomics
Reference no: EM131923144

Problem

1. Why would the non-excludability of pure public goods make their provision an unattractive proposition for a profit-making enterpreneur?

2. Why might the social costs of a car journey exceed the private costs?

 

Reference no: EM131923144

Questions Cloud

Prepare a routine internal proposal for a teacher : Prepare a routine Internal Proposal for a TEACHER, as the instructor of the BUSINESS WRITING course, on some aspect of the course that you would change.
How much is prinical and how much is interst : You borrow $75,000 for a new car. The terms are you must repay in 36 equal installments with interest of 15% per year compounded monthly.
Why might the social costs of building a factory in an area : Why might the social costs of building a factory in an area of high unemployment be less than the private costs?
What is its acceleration : During takeoff, an airplane goes from 0 to 36 m/s in 14 s. (a) What is its acceleration?
Why might social costs of a car journey exceed private costs : Why would the non-excludability of pure public goods make their provision a proposition. Why might the social costs of a car journey exceed the private costs?
Find the change in the focal length of the eye : Find the change in the focal length of the eye when an object originally at 4 m is brought to 32 cm from the eye.
Describe a current behavioral organizational model : Compare the current behavioral organizational model used above to other models used within the industry and also within external related industries.
How much does jed have in his account today : Assume Sheryl Jenkins wants to accumulate $ 12,241.30 in two years. She currently has $ 10,919.00 to invest. What interest rate must she earn on her investment.
Show the percentage change for each balance sheet : Using horizontal analysis, show the percentage change for each balance sheet item using 2006 as a base year. Prepare a common size comparative balance sheet

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd