Question about public and private goods

Assignment Help Macroeconomics
Reference no: EM1371217

The citizens of Balaland used to pave 120 miles of roadways each year. After government of Balaland start paving 100 miles of roadways per year itself, the citizens cut back their paving to 30 miles per year, for a total number of roadway miles paved per year of only 130 miles. What might be happening here?

Reference no: EM1371217

Questions Cloud

Explain what additional costs must be taken into account : Explain What additional costs must be taken into account when making a short-term pricing decision where surplus capacity is not available
Program to find out median selling price : Input selling prices of all homes in Botany Bay sold during year 2002 and find out median selling price. The median of a list of N numbers is.
Cultures and traditions : Cultures and traditions - Some cultures resent the appropriation of long held traditions and beliefs by cultures that do not share those beliefs.
Market structures evolution : The four kinds of market structures are Perfect Competition, Monopoly, Oligopoly, and Monoplistic Competition. Given dynamics of competition, think of the different sequential paths of market structures which firms can move by over time (any of th..
Question about public and private goods : The citizens of Balaland used to pave 120 miles of roadways each year. After government of Balaland start paving 100 miles of roadways each year itself,
Explain the opportunities and threats related to marketing : Explain the opportunities and threats related to each of the following marketing environmental factors
Show the historical artifacts : Historical artifacts - Part of the problem is that many countries have become very leery of letting their historical artifacts go abroad.
Write program which lets user enter charge account number : Write the program which lets user enter a charge account number. The program must determine if number is valid by checking for it in following list.
Explain which cultures can relate to your communication : Explain Which cultures can relate to your communication-style characteristics and Approach this as a professional development piece-something you can bring to an interview to demonstrate your abilities

Reviews

Write a Review

Macroeconomics Questions & Answers

  Analysis of indifference curve

Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:

  Elucidate the economic cost of most international trade less

Elucidate the economic cost of most international trade less than the economic benefit of that trade for both the companies and countries.

  National income accounting and canadian economy

In national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?

  As burger king continue expand or reduce current operation

As Burger King continue, expand, or reduce current operations in order to maximize profits. Explain your reasoning.

  Marginal revenue function for a monopoly firm

What is the profit-maximizing price for this firm? On the graph show the area, which area represents the net loss to society resulting from the monopoly power conferred by the patent?

  Illustrate what impact would these investment flows

In which direction would international investment flow in response to these real interest rates. Illustrate what impact would these investment flows have on the dollar exchange value.

  Demand scheme for the product created by a monopolist

The demand scheme for the product created by a monopolist. Quantity demanded Price Total revenue Marginal revenue Price elasticity.

  My scenario is where i am going to open restaurants in china

My scenario is where I am going to open restaurants in China. One in Shanghai & one Beijing.

  Now assume that these outputs comprise all of gdp

Now assume that these outputs comprise all of GDP. Keeping 1992 as the base year, Elucidate the GDP deflator for 1993.

  A rise in corporate income taxes increases the investment

A rise in corporate income taxes increases the investment in physical capital for any given interest rate.

  Diminishing marginal productivity

Marginal productivity can be divided into three ranges: Increasing marginal productivity; Diminishing marginal productivity; and Negative marginal productivity.

  Describe the major factors that affect the degree

Describe the major factors that affect the degree of competitiveness in the semiconductor industry.

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