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Question: The table shows the demand for university education.
The marginal cost of educating a student is a constant $4,000 a year and education creates an external benefit of a constant $2,000 per student per year.
If all universities are private and the government offers vouchers to those who enroll, calculate the value of the voucher that will achieve the efficient number of students.
Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estimate the elasticities of each of these variables. Discuss how managers use the elasticities measurements to make managerial decisions.
Assuming that U =0.5, would an hour spent in the labor force searching for a job make the husband better off or worse off? Would the worker continue to be a member of the labor force under these conditions? If not, how would he be ca..
Is a $300 billion national bank likely to be more efficient than a $30 billion regional bank or a $3 billion state-based bank? What economic evidence is needed to determine whether there are long-run increasing returns to scale in banking?
The competitive equilibrium rent in the city of Lowell is currently $1,000 per month. The government decides to enact rent control and establish a price.
Calculate the total weekly economic surplus generated at the market equilibrium.
When a competitive market maximizes economic surplus, it implies that the marginal benefit of having the product is greater than the marginal cost. buyers are getting the maximum consumer surplus from the product. combined consumer and producer surpl..
Find the most recent economic growth rate (or real GDP ) figure for the U.S. economy at the www.bea.gov website. What do you think is the primary reason for this current level of economic growth or contraction? Explain your answer.
The problem is belongs to Economics. The problem is explain about the challenges that globalization presents to trade unions and how trade unions should respond to such challenges.
After viewing the video clip from Cool Hand Luke, first consider how marginal benefits and marginal costs fit in to Luke's decision?
Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example? Explain your answers.
Positions on whether the Constitution should be amended to require a balanced budget reflect opposing views about whether such an amendment.
Home Country: Given that the total market of the Home country is 900,000 units. Given the equations and parameter values above, solve for the equilibrium number of automobile companies, the number of cars each firm will produce, and the price of the ..
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