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Q1. What is a natural monopoly, and how does it help consumers?
Q2. Explain the idea of the prisoners' dilemma.
Q3. What is a Nash equilibrium?
Q4. Explain why economists also call negative externalities "spillover" effects.
Q5. DDT is an effective, potent pesticide and is now banned in Canada. Should DDT be banned everywhere or is it just like the goal of zero pollution? What position on DDT would you support? What additional information might you need before deciding? The answer depends on,What values you place on protecting the environment (and saving lives in the future) versus saving lives now( at the expense of environment). "Never make a choice, including environmentally friendly choices, without considering the opportunity cost".
Q6. Explain how the free-rider problem of public goods causes markets to fail.
Q7. Two physically identical houses can have very different values depending on their neighbourhoods. How do positive (or negative) externalities help explain this difference in property values?
country investment final casenbspthe woman in the dark suit serious women always wear black suits leafed through the
What monetary policy is, how it is related to banks, and how it affects interest’s rates, inflation, GDP and unemployment. Include information on what money is and why we use it along with the money multiplier.
Estimate a linear regression (which in this context is called a linear probability model (LPM)) for the binary variable smoke on the independent variable hi_ed. Report the beta coefficient on the dummy variable and its p-value. In words, express w..
What cause banks to hesitate to lend out loans? What was current target interest rate from the Fed in the article? Did this solve the credit crunch problem?
What direction should government purchases be changed?
Which of the following are likely to increase the value of the firm, based on the shareholders wealth-maximization model?
The graph below shows the aggregate production function of two nations, A and B. Suppose that in 1958 each nation had $100 of physical capital for each worker and in 2008 each nation had $400 of physical capital per worker. Figure: Nations A and B..
Find out the Marginal Revenue and Marginal Cost
The positioning and replenishment of finished goods inventories at the retail level can be determined using. Benefits of ERP systems include all of the following except
With quantity (Q) measured in oranges per day and price
Compute the industry prices necessary to induce short-run quantities supplied by the firm of 5,000, 10,000, 15,000 tons of sweet peas. Assume that MC>AVC at every point along the firm's marginal cost curve and that total costs include a normal pro..
If there's no choice, then the price [of cable] is at the whim of the provider." In a situation in which the consumers in a housing development have only one cable company available, is the price really at the whim of the company? Would a company ..
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