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Markets tend to produce:
the right amount of a good exhibiting external costs.
the right amount of a good exhibiting external benefits.
too little of a good exhibiting external costs.
too little of a good exhibiting external benefits.
Coffee prices in 1960 were .40 cents and are $1.65 in 2009. Income in 1960 was $10,000 and is $40,000 in 2009. Does this mean that society is worse off or better off in 2009 than in 1960? Under what conditions are consumers better off? Besides the ch..
The market demand functions for corn is Qd = 15 – 2P, and the supply function of corn is Qs = 5P – 2.5. Suppose the government gives corn farmers a $0.70 subsidy per bushel of corn. What will be the effects on aggregate surplus, consumer surplus, and..
Illustrate what do economists mean when they say that private goods tend to be produced in the right amounts.
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs
Given the number of successful prosecutions being brought, whether she will reform the Welfare of Animals Act 2011
Assume that the low-calorie frozen, microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decisions. The company is currently facing increases in the costs of major ingredients.
Demand and supply analysis, what is the impact on price and quantity in the market for live chickens and explain what the calculated elasticity value means.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Your company sells expensive, branded fountain pens. There are 100,000 people aware of your pens. Each of these 100,000 peoples has his or her own willingness to pay for your pens. This willingness to pay numbers are uniformly distributed between $0 ..
Identify the IP rights that are owned by an organization you currently or formerly have worked at. Next, explain which intellectual property appears the most difficult for a business owner to protect.
If you were in this industry also there was an increased demand for the product which pushed up the price of goods
If this is a two-good, two nation model, what would Nation B’s best choice in regards to trade and specialization?
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