Can you think of any examples of free goods

Assignment Help Business Economics
Reference no: EM132559608

-Can you think of any examples of free goods, that is, goods or services that are not scarce?

-What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?

Reference no: EM132559608

Questions Cloud

Part in price of elasticity demanded : How time horizon is playing its part in price of elasticity demanded?
Skills and command the highest possible salary : Consider Elasticity of Demand. Explain why you will prefer the demand for your skills to be either Elastic or Inelastic
How do they relate to the law of diminishing returns : Explain the relationship between MC and MP; AVC and AP. How do they relate to the Law of Diminishing Returns?
What is the potential for change for each of the problems : For your SLP, you were asked to select a public health topic for which you would design a Health Promotion Program. Please share with us the following.
Can you think of any examples of free goods : -Can you think of any examples of free goods, that is, goods or services that are not scarce?
What are the leading causes of death for your state : What state did you select? What are the 5 leading causes of death for your State. How do they compare with the 5 leading causes of death for the US?
Determining the demand for hamburgers : Explain why the following statement is false: "In the goods market, no seller would be willing to sell for less than the equilibrium price."
What should this consumer do to maximize utility : The MUy is 50 and the Py is $25. The MUz is 20 and the Pz is $5. What should this consumer do to maximize utility?
What is the spending multiplier for country : Suppose that the real GDP of a country is in equilibrium at $480 billion.

Reviews

Write a Review

Business Economics Questions & Answers

  Determine the equivalent annual cost for the bridge

A beautiful bridge is being built over the river that runs through a major city in your state. The cost of the bridge is estimated at $600 M. Annual cost of the maintenance is estimates at $200,000. Also, every 10 years the bridge needs an overhaul m..

  Find the stackelberg equilibrium outputs-price and profits

Consider a homogeneoous-good Cournot oligopoly with 2 identical firms with C(q) = 0 and P(Q) = e-Q; for Q >0: Find the Stackelberg equilibrium outputs, price and profits (with firm 1 as the leader).

  Track the changes in the euro-usd exchange rate

Based on your own Internet research, track the changes in the Euro/USD exchange rate since the Euro was launched in 2002. Which currency has appreciated and which has depreciated over the past 13 years? Provide two reasons why this has occurred.

  Effective tool for mitigating exposure to a variety of risks

Hedging is an effective tool for mitigating exposure to a variety of risks. Generally speaking, corporations like to keep risk to a minimum, so I would assume that any corporation with exposure to foreign exchange risk would be utilizing hedges to re..

  What is occurring for the thorn phenotype in garfinas plants

Some Garfinas have thorns and some do not. You collect data from wild Garfinas populations and discover that plants with thorns have significantly

  Forecasted demand to past services demand history

What general observations can you make comparing this forecasted demand to past services demand history - Forecast (predict) the companies demand

  Would you send a woman expatriate to saudi arabia

Would you send a woman expatriate to Saudi Arabia, Japan, Korea, or Kuwait? How are Western women expatriates doing in foreign cultures

  Interest tax shield increase the value of alco

If the risk-free interest rate is 6%, by how much does the interest tax shield increase the value of ALCO?

  What type of icmp attack

What type of ICMP attack would be the most difficult to prevent? and why?

  Current data mining projects

Using the Internet, find out information about two current data mining projects being conducted by either a corporation or the government. Determine the possible benefits that these projects offer. Also, find out if there are any criticisms of the..

  Illustrate what is the equilibrium quantity of bananas

Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.

  Corporate and personal income tax systems

What is the effective tax rate on James and John if the corporate and personal income tax systems are not integrated (no dividend tax credits)?

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