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Question: Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource. Explain your answer.
• Highway police services
• Internet service
• A Tim Hortons coffee
• Fish in the Atlantic ocean
• Purolator courier service
Create an influence diagram for the politician's decision in Figure using PrecisionTree. Include the tables showing decision alternatives.
Discuss what economic theory predicts will happen. Draw a supply and demand graph illustrating the effect of a minimum wage. Discuss what elasticity conditions would economic theory prove to be true or false.
Assume that wheat operates in a perfectly competitive market, use a welllabeled demand and supply model to explain how market equilibrium price of wheat is being determined.
Examine recommendations of other investment websites (buy/sell/hold). Incorporate peer reviewed academic research articles into your analysis.
1. For the following 2-player nonzero-sum game, simplify the game as much as you can by eliminating dominated strategies.
the externalities of educationwrite a paper in which you1.identify and discuss three externalities positive or negative
Given the following total-revenue function tr=9q-q2 (a) derive the total-, average-, and marginal- revenue schedules from q=0 to q= 6 by 1's
Describe the advantages and disadvantages of a taxable merger as opposed to tax-free exchange. What is the basic determinant of tax status in a merger?
One of the side-benefits of expanding education can be an increase in equity or, at least, no strong increase in inequality. Extending primary and secondary.
What is human capital and why it is important why we do not measure human capital in accounting statements
This is a self-reflection paper developed based on the classroom discussion around minimum wage. Explain the effect minimum wage has on the economy. List and describe both the pros and cons of the more recent increases in the federal minimum wage...
The long-run supply curve for a good is a horizontal line at a price $3 per unit of the good. The demand curve for the good is QD = 50-2P. then what is the equilibrium output of the good.
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