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Define externalities in consumption and production of goods and services. Why do they occur? What are examples of externalities in the health field? Explain why the presence of externalities will, in the absence of some collective action, lead to a sub-optimal rate of output. What type of collective action is called for?
suppose that the economy is currently at the full employment position. using the as-ad and is-lm models explain the
in the two-period consumption model suppose that y1 100 and y2 210. there is no initial wealth. if the utility
compare and contrast the two companies in terms of their use of business analytics to improve their position in the
at the same meeting of the open market committee where it announced quantitative easing 3 the fed chose to also
Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job. Worker 1's reservation price for accepting the risky job is $1; worker 2's reservation price is $2, and so on. Because of technological re..
suppose there are nine sellers and nine buyers each willing to buy or sell one unit of a good with values 10 9 8 7 6 5
in 1931 pepsi was almost broke. the great depression hit it hard and coke had most of the duopoly market for soft
question 1how is the equilibrium price determined? what happens if the price is above the equilibrium price? what
Use the demand and supply analysis to explain how higher price of corn impact the market for Ethanol (a motor fuel manufactured from corn and can be used to power the engines of many Automobiles).
to assist the sale of your products in a particular foreign market you are advised to pay a 10 percent commission to
Compute the price, output, and profit contribution if the product is not certified. Compute the price, output, and profit contribution if the product is certified. Should the firm undergo the certification process?
In the old days lighthouses were built along the coast to prevent ships from running aground on rocks in unfamiliar ports. By shining a beam of light over a port and guiding ships away from rocks, these vital buildings reduced the risk for ship ca..
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