Describe the free-rider problem

Assignment Help Business Economics
Reference no: EM131112506

Your economics professor assigns a group project for the course. Describe the free-rider problem that can lead to a suboptimal outcome for your group. To combat this problem, the instructor asks you to evaluate the contribution of your peers in a confidential report. Will this evaluation have the desired effects?

Reference no: EM131112506

Questions Cloud

National labor relations board for an election : In April 2013, several employees of Javatech, Inc., a computer hardware developer with 250 employees, started organizing the Javatech Employees Union (JEU). When Javatech refused to voluntarily recognize the union, organizers petitioned the National ..
Wages rise before all food stamps are eliminated : A welfare recipient can receive food stamps as well as cash welfare benefits. If the food stamp allotment is set as follows, How high can wages rise before all food stamps are eliminated? If the welfare formula in Problem 1 applies, what is the combi..
Make sense for an individual earning : lease answer the following question in your own words (between 100-150 words).Why wouldn't it make sense for an individual earning $500/ hour and working 10 hours a day to spend 3 hours (taken from the 10 hours) to shovel snow from their driveway? FY..
Cournot oligopoly outcome and monopoly outcome in terms : What are differences between Cournot oligopoly outcome and monopoly outcome in terms of the equilibrium price and quantity? Explain why it is difficult to maintain a Cartel agreement (other than it is illegal). Explain the key differences between Cou..
Describe the free-rider problem : Your economics professor assigns a group project for the course. Describe the free-rider problem that can lead to a suboptimal outcome for your group. To combat this problem, the instructor asks you to evaluate the contribution of your peers in a con..
Find the long-run equilibrium in this market : Suppose there are 100 firms in a perfectly competitive industry. Each firm has a U-shaped, long-run average cost curve that reaches a minimum of $10 at an output level of 8 units. Marginal costs are given by and market demand is given by MC(q) = q + ..
What are the national health expenditure analysis trends : What are the National Health Expenditure Analysis trends from 1970 -2003 for Healthcare? What is the magnitude and direction of cost changes within and across each of these categories?
Consumption expenditure-statistical discrepancy : Using this information in the table above, what does GDP equal? Items Billion of dollars Wages 300 Consumption expenditure 350 Interest, rent, and profit 50 Statistical discrepancy 0 Government expenditure 300 Indirect taxes minus subsidies 15 Net ex..
Key difference in assumptions between the matrices : Fan duel and draft king (daily fantasy sports leagues) have engaged in extensive advertising over the last few months. Construct two payoff matrices showing the payoffs to the firms for two different (medium and high) levels of advertising. use one p..

Reviews

Write a Review

Business Economics Questions & Answers

  Pure monopoly-monopolistic competition and oligopoly

Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Under which of these market classifications does each of the following most accurately fit?

  The velocity of money might increase around the holidays

The velocity of money might increase around the holidays because people: If the Federal Reserve wants to avoid inflation in those times, it should:

  Explain if promoting growth within certain sectors

Explain if promoting growth within certain sectors of the American economy is a good reason for the federal government to engage

  Normal good-the income and substitution effects

For a normal good, the income and substitution effects

  Regards to the development current labor policy

What is significant about each of the following pieces of legislation with regards to the development current labor policy in the US?

  Competitive market the market demand for a good

In a perfectly competitive market the market demand for a good A is P=50-Q and the market supply is p=5+0.5Q. find the equilibrium price, quantity and the total welfare in this market. a unit tax=$15/unit is imposed on good A. calculate the amount of..

  Associated with firms that use the market

Several costs may be associated with firms that use the market. These include which of the following:

  Longer demanded and what was the impact on labor

Explain why the demand for labor is a derived demand using examples from your workplace. What are some historic examples of products that are no longer demanded and what was the impact on labor?

  What is the market value of the contract

XYZ Corp. holds a forward contract to purchase 100,000 Euros in 60 days at a rate of $0.89. The spot rate for Euros is $0.90. The contract is worth $1,046.49 now. What is the market value of the contract? What is the notional amount?

  How important is a rapidly expanding domestic market

Elucidate how important is a rapidly expanding domestic market in Alibaba.com's strategic assessment

  Consider the information for simple economy

Consider the information below for a simple economy. Assume there are no traveler's checks. What is M1 in this simple economy? b) What is M2 in this simple economy?

  State utility commissions typically regulate local phone

the rival long-distance carriers have complained that the local phone company repair persons have put peanut butter on rival long distance carriers's phone lines to encourage rats to eat through the lines.

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