Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Primary School education is often used as an example of an activity that generates positive externalities. Let's assume that in a particular country, all primary education is provided by the private sector and private demand is perfectly elastic at a price of $1000 per student. Further, assume that the marginal external benefit is constant at $100 per student. Use the additional information below to answer the following questions:
Number of students...marginal private cost 1...$100 2...$220 3...$370 4...$560 5...$780 6...$1080 7...$1500 8...$1990 9...$2600 10...$3420
a) Graphically show and state the number of students that will be educated if external benefits are not accounted for and explain.
b) Graphically show and state the number of students that should be educated in order to maximize social welfare and explain.
c) Devise a Gov't subsidy that will induce private education providers to educate the socially optimal number of students. Provide a dollar amount for the subsidy and explain.
d) Does it ever make sense to not educate some students? If the example was couched in terms of college education, would it ever make sense not to educate some students? Explain and distinguish between primary and secondary education versus post-secondary education.
Consider the model of inflation described by the following equation: (M/P) = L(r+ πe,Y) (a) How is M determined? How is (M/P) determined?
If the central bank (such as the fed in the us) of a country is steadily losing their foreign exchange reserves under a fixed exchange rates, then probably
Zelda Industries is the only firm of its kind in the world. Due largely to historical accident, it began producing streganomas in 1985 in a vacant warehouse. Virtually anyone with a degree in college chemistry could easily replicate the firm's formul..
Savings of $5600 per year can be achieved through either a $14 000 machine (A) with a sevenyear service life and a $2000 salvage value, or a $25 000 machine (B) with a ten-year service life and a $10 000 salvage value. If the MARR is 9 percent, which..
Suppose that consumption spending accounts for about 60 percent of GDP on average, while investment and government purchases each account for 20 percent of GDP on average. What will happen to real GDP in 2018, and what are the contributions of consum..
What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
In a particular competitive market, the industry’s private marginal cost at output level Q ≥ 0 is PMC(Q) = 1 (in $ per unit) when Q ≤ 11 and PMC(Q) = 2Q − 11 when Q > 11. The height of the demand curve for the industry’s output is 7 − (Q/3) when the ..
When organizations develop risk management plans, they need to consider the value of the assets being protected and the controls that are needed to mitigate the risks in a cost-effective manner.
Given the current condition of the US economy, do you think US policy makers would prefer to see the $ rise in value, decline in value or stay at its current value? Discuss the advantages and disadvantages to the US economy at this time of a stronger..
Describe each of the following financial institutions. If it is a financial intermediary, describe what type of liabilities it issues and who holds these liabilities, as well as what kinds of assets it holds and who issued these assets. If it is not ..
The style of the presentation requires professional engagement. A question and answer session (peer review) with classmates follows the presentation.
Olivia has a utility function is U = (Y)1/2where Y is her income in any given year. Next year, she anticipates her income will be Y=100. However, there is a 25% probability that she will be hit with a significant negative income shock such that he..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd