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Question:
Explain one positive and negative externality that you have consumed. Analyze why the government has to be involved when an externality is present in the market. Identify one public and private good that you have consumed. Why does the government have to supply a public good instead of a business?
MUST include an in-text citation and reference in apa formatting and be 3-4 paragraphs
Suppose a closed economy, with fixed prices, represented by the following set of equations, Where, D is the aggregate demand, and C is consumption;
Pine Village needs some additional recreation fields. Construction will cost $225,000 and annual O&M expenses are $85,000. The city council estimates that the value of added youth leagues is about $190,000.
Illustrate why do the Classical or Monetarist schools of economic thought maintain that monetary stimulus is doomed to be ineffective in the long run.
How do changes in the value of the U.S. dollar impact Apple Inc? Please list examples of the impact on Apply Inc when the U.S. dollar has an increase and decrease in value? Please provide one reference.
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
Suppose a firm’s input of capital is fixed at K = 5 . The cost of capital is r = 2. Derive the formulas for and plot the AFC, MC, AVC, and SAC curves if the short run total cost function is:
Estimate the costs of such things as rent, gasoline, food, in your local area and decide how far the amount of money shown in the chart would go in taking care of a family of four
According to the manager of a major Japanese automobile company, since the price elasticity of demand for Japanese cars is more elastic in the United States than it is in Europe, we should charge a higher price in the United States than in Europe. Is..
1. john has been in the habit of mowing willas lawn each week for 20.johns opportunity cost is 15 and willa would be
Illustrate what range of labor input is marginal product smaller than average product. What is happening to average product as employment increases over this range.
A paper company produces high-grade paper, medium grade and low grade. The number of tons of each side produced a ton of pulp depends on the source of the pulp. The following table shows three different sources and amount of each grade of paper th..
A movement along the demand curve to the left may be caused by:
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