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Externalities and the Role of Government Define externality and provide one example of a product with a positive externality and one with a negative externality, explaining for each what the externality is.
Name two public goods and explain why they are public goods.
Consider the problem of too much garbage in the US. In Albert's home town, the demand for garbagecollection per bag is q^d = 2000 - 100p. It costs the city $2 for each bag it picks up (MC = $2). However,the town does not charge its residents for each..
Kelson Electronics, a manufacturer of DVRs, estimates the following relation between its marginal cost of production and monthly output:
What are your thoughts on environmental ethics? What is the future of environmental ethics given today's economic , political, and global schemes?
Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?
A fund manager is considering investing in stock of a healthprovider. The manager's assessment of probabilities for rates of return of this stock overthe next year is summarized in the accompanying table. Let A be the event “Rate of returnwill be mor..
Explain how does price elasticity of demand for corn oil influence quantity-demanded of corn oil and Total Revenue earned by sellers of corn oil? Explain, using economic terms, why this is so.
Define a Hypothesis? How many types of Hypothesis there are? Please elaborate with examples for each.
Calculate the balance due, principle payment, and interest payment for each period of a new car loan. the nominal interest is 8% per year, compound monthly. Payments are made monthly for 5 years. The original loan is for $27,000.
Forecast the demand for pizza in your community for the next four (4) months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast
Choose five ads from business publications such as the Wall Street Journal, Fortune, or Bloomberg Business Week. For each ad, write a description of how you think the company has segmented the business market.
Q. assignment on list down three different product that operate under monopoly form of market. are the price charged justified or not. Illustrate what are the steps taken by the govt. to check the prices from being over charged by the monopolist.
a. What is the probability that less than 2 runts will be born in the next 12 puppies
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