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Which of the following is NOT an example or consequence of a market externality?
a. Flight attendants getting sick from second-hand smoke
b. Inadequate response to climate change
c. The rapid proliferation of large SUVs
d. Increased repair costs resulting from the purchase of cheap Chinese-made products
e. High societal health care costs resulting from care provided to uninsured Americans
Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.
What can you determine about consumer demand for your product from this information?
Which economic decision makers conclude the provider of labor. Illustrate what is their goal also illustrate what decision criteria do they utilize in trying to reach which goal.
Consider a market for online movie rentals. The market supply curve slopes upward, the market demand curve slopes downward, and the equilibrium rental price equals $3.50. Consider each of the following events, and discuss the effects they will have o..
All the big computer manufacturers have little "Intel Inside" logos in their television advertisement.
From 1983 to 1987, a period of rapid economic growth in the U.S., total savings by contributors to IRAs increased by approximately the amount of their IRA contributions. Does this show that virtually all of their IRA savings were “new” savings—money ..
What is the role of models in economic analysis? How can it be determined if the assumptions underlying the design of an economic model are overly simplified or overly limiting? At what point do the assumptions invalidate the model? Why?
Suppose that it take $100,000 of steel to produce $2,000,000 of cars. If the nominal tariff on steel is 10% for the steel and 20%for cars, what is the effective rate of protection for the steel industry?
What level of unemployment to you constitutes a level of “full employment?” How do you think the general public might misinterpret this term as reported in the media?
Cost of a part increases by 3$ every 6 months. If the cost for the first semiannual period is expected to be $85, what is the present worth of the cost for a 4-year time period at an interestrate of 1% per month?
Wilson has a 40 percent interest in the assets and income of the CC&W Partnership, and the basis in his partnership interest is $45,000 at the beginning of 2014. During 2014, the partnership's net loss is $60,000 and Wilson's share of the loss is $24..
Illustrate what conditions would minimize the extent of manufacturing job loss associated with this price increase.
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