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The Covid-19 is a highly contagious disease. Although there are vaccines for Covid-19, the vaccination is not free and there are side effects of the vaccine, making it less suitable especially for senior citizens. The government encourages people to go for vaccination against Covid-19 but make it optional. Discuss with a suitable market diagram whether the vaccination market is efficient. Will the vaccination market be efficient if the government makes it compulsory for all people to take the vaccine? Explain with a suitable diagram.
q1. elucidate average costs are minimized when marginal costs are at their lowest point.q2. the provide side economics
Using the GDP Deflator, calculate the following: What is the GDP Deflator?
Enter a whole number as your answer, if you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions.
A mechanical engineer must recommend an A/C system to a commercial building owner. The owner intends to own the building for at least 10 years. Using a rate of return of 9%, determine the present worth index of the incremental investment up to the ch..
Chloe consumes chicken wing (x) and beer (y). Let Px+Py=M be Chloe’s budget constraint and her utility function is U(x, y)=5xy. Find the formula of income-consumption curve. Find the demand functions of chicken wing.
An economy has a consumption function of C = 400 + .75(DI) The following values are fixed : G , T = 1000 NX = 50 I = 750 Suppose that the CPI ( i.e., the "Price Level") is currently equal to 115. What is the equilibrium real GDP (on the demand side)?
Which is an example of a microeconomic question? What is the current national rate of unemployment? Is the economy experiencing a decline in the rate of inflation? Will a new type of television set increase the number of buyers?
From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers
____________ measures the percentage change in the quantity of good x resulting from a percentage change.
Is there significant evidence (LaTeX: alpha=0.05a=0.05) that the new treatment would have a lower proportion of plants having a toxic level of nickel compared
Select 2 non price factors that impact the demand of Johnson & Johnson baby powder and justify the reasons why.
A shipping service is offered at a flat rate of $7.5. If the rate increases to $8.25, some customers will not continue to use this service.
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