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Please help me understand this problem.
At ABC Square in downtown Newark, the city charges skaters $3 to use the rink. I.C. Snow, a local community activist, argues that this fee is unfair. She claims that the rink is a public good - it is operated by the city's Parks and Recreation department, and the construction of the ABC Square area (and the rink itself) was financed with taxpayer money. The director of the Parks and Recreation department has asked you to response to I.C. Snow's argument.
How will you respond? Is her claim that the rink is a public good valid? Why or why not? Does it make sense to charge a fee for using the rink?
Explain how race/ethnicity or indoctrination germane to individual heritage or culture can impact and drive ideas/behaviors as it relates to diversity with examples. Also address how you believe prejudice, stereotypes and priviledge can impact indivi..
Imagine that an environmental regulation will increase the demand for particular good, increasing gains from trade in that market.
What is an example of using a regression technique in the workplace (example: using regression analysis for forecasting sales, or demand of a product)
Using the normal distribution, find the probability that a population with a mean of 35 and a standard deviation of 8 will produce a sample mean of less 34 in a sample of size 64.
Explain how an open market sale of Treasury securities by the Fed affects the following:
Consider data on U.S. refrigerator sales from 2009. the market shares of the top 4 firms was 12% for Sears, 9% for lowes. 5% for walmart and 3.5% for home depot. firms 5 through 25 combined summed to 20.5 % and all other independents outside the top ..
Torts- people suing people, businesses, and goverment for all types of things. Some argue that today, it is an epidemic and needs to be reformed. Others say no- that tort law is there to protect our personal interests. Pick one side and argue your po..
Assume a household receives a grant of $500 of food stamps every month. How will this household's budget line be affected.
A producer’s production function is q=6K^(1/3)L^(1/2). The market price for the firm’s output is p, the cost of capital is $4 per unit used and the cost of labor is $3 per unit. Write an equation for the firm’s long-run profit. Find the factor demand..
An economy begins in the long run equilibrium, and credit card companies start offering cash back on every purchase. How does this change affect the demand for money? What happens to the velocity of money? If the Fed keeps the money supply constant, ..
Using supply and demand analysis, show graphically and explain verbally 3 factors that may have led to rising health care costs in the United States from 1960 to the present day.
You are the oil minister of one of 5 key OPEC countries. The world demand for oil can be reduced to Q = 100 – p and therefore p = 100 – Q (where p is dollars and Q is in millions of barrels/day). You are considering cheating on the rest of the cartel..
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