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Question: Discuss a recent purchase that you made that generated an externality. Discuss whether that externality was positive or negative, which people were affected and in what way, and how the externality could have been internalized.
Solve the expected utility maximization problem of this individual to determine how much insurance she would buy. From the first-order condition you obtain
Predict the type of long-term care needed as the 21st Century America advances in age. Defend or critique the type of care patients obtain in private nursing homes as compared to public institutions or in-home care.
Over the last several years the equivalent annual cost at 8% per year has been $28,000. A subcontractor will perform all field painting for an initial fee of $100,000 for a 5-year contract and an add- on rate of $5.00 per 100 sq ft per coat (laye..
In scenario D2, Lorena's income is $70,000 and the price of moviesrises to $11 each. 3 Quantity demanded PRICE ($)D1D2501510352515a) Using the data under D1 and D2, calculate the cross elasticity ofLorena's demand for golf at all two prices. Are m..
How can we imulate the program above in our region, countries or among the Muslim world and how can we benefit from it together economically?
Suppose that the money demand function is (M/P)d = 1000 - 100r, where r is the interest rate in percent. The money supply M is 1,000 and the price level P is fi
Management charges higher nightly rates in the winter, when its average occupancy rate is 75 percent, than in the summer, when its occupancy rate is 85 percent. Can this policy be consistent with profit-maximization? Explain.
The articles below cover different dimensions of Unemployment: E.g. Structural Unemployment, Unemployment in Europe. De Anza College.
At the 2013 Winnebago County Fair a vendor is offering a "fair special" on sandals. If you buy one pair of sandals at the regular price of $50, you get a second pair at a 40% discount, and a third pair at half the regular price.
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
Write down the household's utility maximization problem subject to the present value budget constraint. Show that it is optimal for the household to choose c and c′ such that
you have been asked to discuss the differences between the microeconomic definitions of supply and demand and the
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