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Most cities own the water system that provides water to homes and businesses. Some cities charge a flat monthly fee, while other cities charge by the gallon. Which method of pricing is more likely to result in economic efficiency in the water market? Be sure to refer to the definition of economic efficiency in your answer. Why do you think the same method of pricing isn't used by all cities?
suppose the demand for toothpaste is qd 11- 2p while the supply of toothpaste is qs 6.5 p where quantity is measured
Currently, the mill has the legal right to pollute. Can the parties come to a mutually beneficial agreement to reduce pollution? If so, how much pollution should be reduced?
The official poverty rate in 2010 was 15.1 percent-up from 14.3 percent in 2009. This was the third consecutive annual increase in the poverty rate. Since 2007, the poverty rate has increased by 2.6 percentage points, from 12.5 percent to 15.1 per..
Some scholars discern a trend in modern products liability law toward absolute liability or what is sometimes called “enterprise liability.” Under that theory, manufacturers would be held liable for almost every injury resulting from the use of their..
In the chapter we mention how prices can vary in a tourist trap. Which market, St. Louis or Chicago, was more likely to behave like a tourist trap? Explain.
Contain C, H, and O, is the main energy source for the body, protect and lubricate the cell, absorb water to lubricate skeletal joints, and participate in cell cell recognition and adhesion processes
A corporation purchased a machine for $60,000 five years ago. It had an estimated life of 10 years and an estimated salvage value of $9,000. The current BV of this machine is $34,500. If the current MV of the machine Is $40,500 and the effective inco..
you know the water park will increase the traffic flow in the streets around the water park. there are both businesses
Many companies purchase other companies or individual product or brands from other companies to acquire new products. For example, Disney recently agreed to purchase Marvel Entertainment and its portfolio of more than 5,000 characters, such as S..
Through the use of strategic alternatives, companies may compete in a marketplace, achieve its vision, or if no vision has been articulated, decide where it might go and what it might achieve. Strategic alternatives do not consist solely of strategie..
Which of the following statements best states the demand for agricultural commodities?
Suppose that demand for bagels in the local store is given by equation Q^d 300-100P. In this equation, P denotes the price of one bagel in dollars
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