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List as many of externalities as you can think of? Then discuss how it applies to individuals, segments of society, or society at large? What could be done to minimize negative externalities and promote positive externalities?
Consider the country Spendthriftia, with a depreciation rate ¯d = 0.1, TFP A = 1, labor force L = 100 and saving rate s = 0.1. The country has the following production function: Yt = AK¯ 1/3 t L 2/3 t. Find the steady state level of capital in the ec..
How does price discrimination help cover fixed costs?
How would this change in prices affect the production of apples and boats? How would this affect the welfare of capital owners, landowners, and workers?
Either an increase in demand with the supply curve held constant or a decrease in supply with the demand curve held constant will raise a market's equilibrium price.
The demand for your college newspaper is 6,000 copies each week if the paper is given away free of charge, and drops to 5,000 each week if the charge is 10¢/copy. However, the university is prepared to supply only 900 copies per week free of charge, ..
Which of the following best illustrates the mutual interdependence among firms in the airline industry?
What is the probability that a particular flight will carry between 455 to 460 and passengers?
Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economi..
The goals of the _________ are to increase economic self-support and self-sufficiency, reduce abuse and neglect of children and adults, reduce inappropriate institutional care, and secure institutional care when needed. a. Social Services Block Grant..
If a monopoly firm is earning profits, how much would you expect these profits to be diminished by entry in the long run?
If your analysis period (study period) is just three years, what should be the salvage value of project A2 at the end of year 3 to make the two alternatives economically indifferent?
Construct a demand curve from individuals who value a Chipotle burrito with values {$12, 10, 9, 8, 8, 8, 7, 7, 6, 6, 5, 4, 3, 3, 3, 2, 2, 1}. Identify the optimal single price, and the associated quantity and profit if the marginal cost of production..
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