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Question: There are three consumers A, B and C. Consumer A is willing to pay 8-3F dollars for a unit of flowers for the public square, B is willing to pay 2-3F dollars for a unit of flowers, and C is willing to pay 9-3F for a unit of flowers. If the cost of flowers is constant at $1 per unit what is the pareto optimal quantity of flowers to put in the square? Now suppose that each individual pays one third of the cost per unit. Identify the median voter. Demonstrate whether or not the most preferred quantity of the median voter is the efficient quantity. State and explain the conditions under which the quantity favored by the median voter will be the winner of a majority rule election.
A coin is biased so that a bead is three times as likely to occur as a tail. Find the expected number of tails when this coin is tossed twice.
Presume that the economy has the following production function: Y/L = 8*(K/L) 0.5. Further presume that s = 0.2, gL = 0.3, and δ = 0.1. What is the value of the steady state capital-to-labor ratio?
ECO/365- How society manages its scarce resources and benefits from economic interdependence. Why the demand curve slopes downward and the supply curve slopes upward.
please write a 700-1000 word paper in which you address the questions below. also please do your best to format your
The chief decides to require a fishing license for reef 1 which would require each fisher who fishes there to pay the chief x fish. Find the Nash equilibrium of the resulting location choice game between the fishers. IS there a value of x such that ..
suppose five rational roommates are deciding on a place to have coffee together. there are four alternatives peets
Use a problem-solving process to gather information about the alternatives, trade-offs, and opportunity costs facing the city administrator in the previous.
An increase in aggregate demand is most likely to be caused by a decrease in: (a) the wealth of consumers. (b) consumer and business confidence.
Calculate the slope of the AE curve and the size of the multiplier if MPS = 0.20. Then, calculate the revised slope of the AE curve and the multiplier when you know that the imports and the marginal tax rate will reduce the slope of the AE curve by a..
You're in Management for IBX Steel Components. J. D. Brotsky is a top labor leader and just announced that her union will go on strike against management unless you grant the workers a significant pay raise.
A family purchased a house in 2006 with a 15-year, $350,000, 5.25 % mortgage. After 80 payments they are offered a 10-year loan with a rate that saves the family about $10,000 over the original loan. What is that rate?
As you have been learning this week, the external environment in which health care organizations function can greatly influence day-to-day operations and the delivery of services. Health care administrators must therefore pay attention to local..
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