Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Suppose you live in neighborhood of 30 houses with a mean value of $50,000 (PE = $50,000 QE = 30). Your neighbor has just put new landscaping in and re-sided his home. His home improvements have made the neighborhood a better place to live for everyone and increased the value of the homes around him. The external benefit his improvements have made equals $1000.
a. What type of externality is occurring here? Using a graph, show how the free market fails at allocating the efficient quantity of homes. Label the appropriate area that shows the efficiency/inefficiency of the market. Is the market over or under producing in this situation? Explain. (Estimate a new price and quantity)
b. Would it be appropriate to use a pigovian tax or pigovian subsidy to decrease the inefficiency in the market? Explain your choice. How much would the tax/subsidy be?
elucidate how income changes along demand curve and why a local builder seeking to maximize income on a small site would be interested in elasticity of demand.
Identifying and shaping public opinion has become a major goal of campaigns and elections. Identify and discuss the process by which people develop their political ideas. What are the four traditional agents of socialization and three additional new ..
Assume that major wheat producers in the world increased their land under wheat by 30 percent. Graphically show the effect of increase in land under wheat on the grain market.
Various concepts of distance are used in international business. Define and explain at least five concepts of distance, and discuss how each might affect bilateral foreign direct investment (FDI) flows between countries.
During a year of operation, a firm collects $175,000 in revenue and spends $80,000 on raw materials, labor expense, utilities, and rent. The owners of the firm have provided $500,000 of their own money to the firm instead of investing the money and e..
Does this seem counter-intuitive to you? Be sure to include an explanation of why China score is relatively low compared to the U.S.
Assume that fiat money and capital are perfect substitutes as assets and that individ- uals wish to hold the one with a higher rate of return, but that it takes time to adjust capital holdings. What is the equilibrium level of capital when the money ..
Illustrate what is Fast Food's elasticity of demand. What does elastic, inelastic, or neither tell us about the elasticity of demand.
Suppose two firms supply the market for computer chips and their products are perfect substitutes. The firms choose what quantity to produce independently, i.e. compete as Cournot. What is the one-period Cournot-Nash equilibrium output and price? Wha..
What is retained earnings. What items increase balance in retained earnings. What items decrease balance in retained earnings.
Elucidate what is the new market price. How many Frisbees are sold angry students marched to Washington, asked Frisbee price.
Illustrate what is the value of the money multiplier. What is the value of the nominal money supply. What are the nominal values of deposits, currency, and reserves.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd