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Write a two to three (2-3) page paper in which you:
1. Identify and discuss three (3) externalities, which can either be positive or negative.
2. Conclude why an externality might exist in the situation that you described, and determine the solutions to mitigate these particular externalities.
3. Analyze the different stakeholders (i.e., government, three (3) affected parties) that are involved in the externality, and identify what their roles are with regard to the externality.
1. suppose that ambers demand for gasoline is given by g 1000 - 200pg where g stands for gallons of gas and pg
Describe the likely impact of each of these three proposals on total surplus including social cost and benefit and Which of these proposals is most consistent with the Coase approach to externalities
scans of internal organs using magnetic resonance imaging mri. these devices are often covered by subsidized health
For each of the following, is the industry perfectly competitive? Referring to market share, standardization of the product, and/or free entry and exit, explain your answers.
in the 1970s congress imposed an excess profits tax on these companies. it did not do so this time? what does this
What is the consumer price index (CPI)? How is it measured? What are the pros and cons of using the CPI as a measure of the cost of living?
1. consider a world in which prices are sticky in the short-run and perfectly flexible in the long-run. appp may not
suppose you are a painter and the price of a gallon of paint increases from 3.00 a gallon to 3.50 a gallon. your usage
Give an example of an event that would shift the demand curve for secondary tickets to the Badger football game leftward. Explain your reasoning.
it is often claimed that hospitals compete for physicians rather than patients. assuming this is true how does it occur
The marginal product of labor (measured in units of output) for Expando Corp. is given by MPN = A(400-N) where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $.150 per unit.
imagine that you have a fixed 30-year interest rate for your mortgage and the economy has experienced unanticipated
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