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Question: There are 50 episodes of a new TV show on Netflix that you want to watch before they expire at the end of next week. You are trying to decide how many episodes to watch this week and how many to watch next week. Your weekly demand for episodes is P = 100 - Q and the marginal cost of watching an episode is 10. Your weekly discount rate is 10%.
a. How many episodes should you watch this week? How many should you watch next week?
b. What is your net benefit of the marginal episode this week? What is your net benefit of the marginal episode next week? How are these two values related?
c. If your discount rate was 0% how many episodes would you watch this week? How many would you watch next week?
d. You have an exam this week that raises the marginal cost of watching an episode to 20 (the marginal cost next week stays at 10). How many episodes should you watch this week? How many should you watch next week?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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