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Suppose there are only two people in society. The demand curve for person A for mosquito control is given by qA=$100−P
For person B, the demand curve for mosquito control is given by qB=$200−P
a. Suppose mosquito control is a nonexclusive good – that is, once it is produced, everyone benefits from it. What would be the optimal level of this activity if it could$ be produced at a constant marginal cost of $120 per unit?
b. If mosquito control were left to the private market, how much might be produced? Does your answer depend on what each person assumes the other will do?
c. If the government were to produce the optimal amount of mosquito control, how much would this cost?
d. How much benefit/surplus does person A and person B get from the optimal/government level of production?
Write a essay about 300-400 words about Gross Domestic Product of Viet Nam : analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of Viet Nam's basis for income generation and any and all constraints to gro..
Life Cycle Cost Analysis (LCCA) does not include "User benefits resulting from project" or "Externalities resulting from project". Unlike analysis based on net annual worth, net present worth analysis does NOT require equal analysis periods for diffe..
decides not to play by the rules of the game. Then illustrate what could the final equilibrium position be.
Explain why is the index of industrial production an appropriate coincident indicator. Why is the average prime rate charged by banks an appropriate lagging indicator.
In a small country each labor hour has a capital stock equal to 900 units. This year the country produced 20 units of new capital goods with the depreciation rate of 10% with the production function of why square root of K what is the growth rate
Under perfect competition, at the profit maximizing level of output:
Decide whether the demand for paint is elastic, unitary elastic or inelastic. Explain you're reasoning also interpret your results.
Net exports are
If she has to eat only whole servings, what will she have for breakfast, and how many calories will she consume? If she can eat partial servings, how would your answer differ?
We are seeing a merging of media firms. For example, companies like Verizon now provide phone, cell, TV and internet. A common form of selling services involves putting them together in packages or “bundles” and offering them for a lower price than i..
Suppose a computer manufacturer is currently producing a total of 1 million computers in two states, Iowa and South Dakota. The firm is currently employing 50,000 production workers, with 20,000 working in South Dakota and 30,000 working in Iowa.
Suppose that the pre tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax bur..
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