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Question: Is it always necessary for government to intervene and internalize the profit and the cost externalities? Illustrate your answer using a real world example.
Please do not use internet, use a scholar articles or textbook.
David’s total variable cost function has been calculated to be TVC = 100Q + 30Q² - Q³, where Q is the number of units of output. When marginal cost is a minimum, what is the output level? When average variable cost is a minimum, what is the output l..
Over the business cycle,
Using the demand and supply for bond model and the demand and supply for loanable funds model, show what would happen to the price of bond and the interest rate for each of the following scenarios:
Movie House is an online seller of DVD's. To buy a DVD from Movie House, a customer must pay a monthly membership fee, plus a price for every DVD bought (this being a two-part tariff pricing scheme). After some market research, Movie House discovers ..
Your specialty is delicious cheeseburger that you sell for $6.50 a piece. The cost of ingredients for each cheeseburger, such as meat, buns, tomato etc., is $1.50. You hire workers at $12 an hour. The production function for cheeseburgers is Q=40\sqr..
When dealing with present value, a lower interest rate:
Comment on the following assertion: 'If the trends in schooling continue, at some point in the future, everyone will have a college degree
Providing a subsidy to correct for an overallocation of resources Providing a subsidy to correct for an underallocation of resources.
A restaurant has three types of customers. A third of its customers, Type A, are willing to spend $5 on an appetizer but only $2 on a dessert. Another third, Type B, are willing to spend $3.50 on an appetizer and $3.50 on a dessert. Calculate the pro..
College students often borrow money to attend school. Generally, the plan is to pay loans back through future earnings. In this way, capital markets and labor markets are intimately connected.
A firm produces identical outputs at two different plants. If the marginal cost at the first plant exceeds the marginal cost at the second plant, how can the firm reduce costs while maintaining the same level of overall output? Explain.
Social change in a culture comes from social movements. Compare and contrast 4 different types of social movements and provide an example of a specific social movement that has occurred for each (Reform Movement, Revolutionary Movement, Religious Mov..
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