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A sprinkler system inside of one house does not protect houses on the other side of town. It also requires the homeowner to purchase and install it prior to benefiting from it. Once installed it can help stop fires from jumping to neighboring homes. Given this information we can argue:
A. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due to their public good nature of being non-rival and non-excludable.
B. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due to positive externalities.
C. There is no justification for government intervention to encourage consumption of indoor sprinkler systems as there is no market failure.
D. There may be justification for government intervention to encourage consumption of indoor sprinkler systems due both to positive externalities and that they are public goods.
You have been appointed head of university parking enforcement. Your mission is to eliminate illegal parking. Car drivers are completely rational expected utility maximizes. They have utility functions given by u=x(1/2) where x is $ of consumption on..
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or share holders) worse off. Do you agree or disagree. Explain your answer.
Use the Internet to learn more about what companies are doing to enhance employee creativity. Be specific when you make an entry in your search engine to avoid being deluged with a choice of Web sites far removed from your topic. In your search engin..
CRISIS BRIEFING ASSIGNMENT.Restoring Organizational Image While Protecting Public Interests
Choose an industry or market* and, based on the material in the last few chapters, analyze what type of market structure best describes your chosen industry/market. (i.e., is your industry monopolistically competitive, a monopoly, an oligopoly, or a ..
Which of the following products has the most elastic demand?
Illustrate what is definition of price elasticity of demand. Explain relationship between price elasticity and total revenue.
Explain why does a newspaper dispenser open to a stack of newspaper and essentially "trusts" a consumer to take just one copy.
the economy is operating beyond the full employment output level thus producing rapid rise in prices of goods and
Use a budget constraint and indifference curve to show and elucidate how your consumption changes.
Explain why do changes in bank reserves resulting from open-market operations by the fed produce multiple changes in checkable deposits in the economy.
Set all variables to their baseline values. Elucidate how much money do consumers want to spend on spaghetti when the price.
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