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State whether each of the following goods and services is non-rival, non-excludable or both: (Explain)
a. A toll road.
b. A public park.
c. A lighthouse.
d. An art museum.
e. A radio broadcast.
q.a manufacturer of electronic products has just developed a handheld computer. following is the cost schedule for
An electric utility is considering upgrading its facilities to cut consumer costs. Currently these consumer costs total $350,000 per year. Transformer upgrade Y would have an initial cost of $750,000, would last for 20 years with no salvage value, wo..
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
Draw a set of indifference curves that would make it optimal for him to work 4 hours of overtime each day.
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
Evaluate the Keynesian economists, besides John Maynard Keynes. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
Explain how the economy can adjust in the long run to restore full-employment equilibrium. Draw a graph to illustrate this adjustment process.
Elucidate the opportunity costs for the manager of being in this business relative to returning to his old job. what is the economic profit of the business.
Illustrate what kind of factors are contained in u. Are these likely to be correlated with level education.
Explain why total revenue doesn't always increase when price is raised. Explain why the issue of firm interdependence makes modelling firm behavior under oligopoly so difficult. Why is so important to seasonally adjust data?
q1. your cousin zenzo owns a painting company with fixed costs of p200 and the following schedule for variable
consider a country described by the one-country model in section suppose that the country temporarily raises its levels
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