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Super freakonomic chapter 5 Explain the concept of an externality. Distinguish between a positive externality and a negative externality and give example of each. Finally, explain how the market equilibrium when the externality is not accounted for compares with the market equilibrium when the externality is explicitly accounted for.
In the neoclassical growth theory, differences in per capita income are determined by differences in the
Tangents as a trigonometric function will be applied in our conversion of the Consumption Function in the Macro section of this course.
Suppose that the Bank of Canada unexpectedly decreases the money supply. What will happen to unemployment in the short run? What will happen to unemployment in the long run?
Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers?
Annual per capita consumption of milk in the U.S. is 21.6 gallons. Being from the Midwest, you believe milk consumption is higher there and wish to support your opinion. A sample of 16 individuals from the Midwestern town of Webster City showed a sam..
At an interest rate of 8%, determine the capitalized cost of the facility, assuming that it will be used for an indefinite period.
Plaintiff shipped to Defendant—Pizza Pride Inc. of Jamestown, North Carolina—an order of mozzarella cheese totaling $11,000. Plaintiff, a manufacturer of men’s clothing in Los Angeles, contracted to sell a variety of clothing items to Defendant, Harr..
Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales are expected to total $5,200,000, its fixed assets turnover ratio equals 4, and its debt and common equity are each 60% of ..
Suppose the velocity of money is constant at 10 transactions per year, the price level for this year is $4, and real GDP this year is $6,000,000. What is the money supply this year?
Koichiro and Sylvia are starting a new high-volume Sushi restaurant, called Robo Sushi in Davis. While Koichiro plans to manage the business himself, he needs to employ some combination of workers and \sushi-bots" (sushi-making robots) to produce the..
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