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Andrew, Beth, and Cathy live in Lindhville. Andrew's demand for bike paths, a public good, is given by Q=12-2P. Beth's demand is Q=18-P, and Cathy's is Q=8-P/3. The marginall cost of building a bike path is MC=21. The town government decides to use the following procedure for deciding how many paths to build. It asks each resident how many paths they want, and it builds the largest number asked for by any resident. To pay for these paths, it then taxes Andrew, Beth, and Cathy the prices a+b+c=MC.(The residents know these tax rates before stating how many paths they want.)
A. If the taxes are set so that each resident shares the cost evenly (a=b=c), how many paths will get built?
Barb also Jim run a business which sets up also tests computers. Assume which Barb also Jim can switch between settings up also testing computers at a constant rate
Explain how does the price elasticity for flu vaccinations change in times when flu is more prevalent versus times when flu is less prevalen.
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analyze the following production data and prepare a proposal suggesting how to maximize profits.
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Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
Elucidate what will be the price of your jersey in Los Angeles and what will be the price in Brooklyn. What will be your total profits.
Explain how are poor infrastructure, lack of financial institutions and a sound money supply, low saving rate poor capital base.
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