Please assist with response to discussion comment

Assignment Help Business Economics
Reference no: EM131966636

However from the economics perspective, free riding is always problematic. Housing becomes public good when it is non-excludable and non-rivalrous; that is, the use of others does not reduce the availability and that people cannot be excluded from use.

Please assist with response to discussion comment?

Reference no: EM131966636

Questions Cloud

Functions and responsibilities of the federal reserve : What are the functions and responsibilities of the Federal Reserve?
What was the book value of recently acquired bakery : What was the book value of the recently acquired bakery? How much should Best's Foods expect to have to pay for the Heinz Baking Company?
Interest rate for which project is acceptable investment : An oil and gas company is considering whether to begin drilling new oil field.What is the MAXIMUM interest rate for which this project is acceptable investment.
Does the nominal wage decrease : Does the nominal wage decrease when there is a negative supply shock? What happens to the real wage
Please assist with response to discussion comment : Housing becomes public good when it is non-excludable and non-rivalrous; that is, the use of others does not reduce the availability and that people cannot
Analyzes the role of religion and morality in the past : Analyzes the historical significance of two documents. Analyzes the role of religion and morality in the past, and the nature of the race in the past and today;
What is the discounted payback period at interest rate : "Consider the investment project below, which has a four-year investment life (n = 0 through 4). What is the discounted payback period at an interest rate of 12
Price level and employment : In an economy with a horizontal aggregate supply curve, a decrease in taxes will affect price level and employment in which of the following ways?
Commence new service station at location in queensland : ABM Petroleum Ltd, an oilfield service company, is planning to commence a new service station at a location in Queensland.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd