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Land along the Yarra River in Melbourne has high value as developed property but, in undeveloped form, increases the property values of neighbouring urban communities. It also has recreational values for residents. Analyse the determination of the appropriate amount of undeveloped land along this river as an externality and public goods problem
Provide the advantage of dynamic pricing over fixed pricing and what are the potential disadvantages of dynamic pricing?
for the following problems assume that under free trade i.e. before any tariffs are imposedthe u.s. has a domestic shoe
What will this do to the demand curve? Of the available list of things in the text that causes a change in demand, which best fits here as the cause of the demand shift?
Use technology and information resources to research issues in econometrics.
Explain why the industry supply curve is not the long run industry marginal cost curve. 3. In long-run equilibrium, all firms in the industry earn zero economic profit. Why is this true?
If they both televise many games, they split and perhaps over saturate the market and both receive $5M from television revenue. If they both limit appearances on television, they take advantage of the high demand for their limited product
Suppose this person is relatively happy with the initial amounts in his or her possession and will only consider trades that increase utility by at least amount k. How would you illustrate this on the indifference curve map?
Evaluate the following statements using graphical analysis. Provide a brief narrative explanation of your graph to support your evaluation. Make sure the axes and curves in your graphs are properly labeled. a. "When demand for home heating oil incr..
hormone free dairy milk has been found to be potentially more beneficial and healthy. consider the market for this
The owner-manager of Good Guys Enterprises obtains ulility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures.
Create graphs and tables to illustrate costs and revenues for firms in different market structures
Assume marginal cost increases to 25 as a result of imposition of a tax. What takes place to monopoly and competitive price and output?
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