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Q1. The government is involved in providing many goods and services. For each of the goods or services listed, determine whether it is rival or non rival in consumption and whether it is excludable or no excludable. Illustrate what type of good is it? Without involvement of government there would quantity provided be efficient, inefficiently low, or inefficiently high?
Q2. If Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even? Illustrate what if it can only sell 100,00?
What are the strengths and weaknesses of the measure of welfare used by many economists: consumer welfare plus producer surplus.
Suppose that there are two products: soda along with clothing. Both Brazil and the United States produce each product.
Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.
Find the present value of this project by using the Adjusted Present Value (APV) formula
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
Over Illustrate range will changes in marginal cost have no effect on CDW's profit-maximizing level of output.
What are the advantages and disadvantages of each method. What do you suppose led each company to make their choices.
Should the seniority rule be eliminated, what is MOST likely to gain greater influence over the process of selecting committee chairs.
What steps can a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept.
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
Find the value of the test statistic (to 3 dec pl). Can we conclude that the proportions have changed during the year.
What if the pollution invades Baker's home and harms her health
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