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In which of the following situations is the Coase theorem likely to apply? Explain.
a. The neighbour who lives below you in the apartment building loves to play old John Denver records at loud volume early in the morning. In fact, his favourite song seems to be “Thank God I’m a Country Boy.” You hate old John Denver songs and this one in particular.
b. You have just moved to Beijing and quickly discover that you are allergic to smog. It causes you great pain in breathing and limits your ability to work. Furthermore, you have medical expenses related to treatment for its health effects on you.
c. Medical research in the 1990s has revealed a specific cause of birth defects related to a certain drug prescribed for pregnant women in the 1960s (thalidomide).
d. The water in the huge underground Ogalalla aquifer in the Great Plains region of the United States is being nitrate contaminated due to agricultural fertilizer use throughout the region. As a homeowner in this region, you find that your water must be treated in order to be safe for drinking.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
Compute the standard deviation of the return as a percentage over the coming year c) If the risk-free return is 7%, what is the risk free premium for a stock market investment?
q. 1. describe michael porters five-force model and indicate why many observers regard his paradigm of industry
Consider a bond market. Show graphically and explain how each of the following changes would affect bond price, quantities traded and yield.
Suppose that the government imposed a $1 tax each time someone used an ATM. How would this tax affect output and the price level in the short and long run?
An airline transportation consultant offers the CEO of Blue Star struggling new commercial airline company
between patents and copyrights which reflects a free market and which is a grant of monopoly privilege by the state?
In a two–player, one shot simultaneous – move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player one chooses ..
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
If the marginal revenue from a product is $15 and the price elasticity of demand is ?1.2, what is the price of the product?
The Australian dollar has appreciated strongly over the past decade, leading to increased concerns over the impacts of the high exchange rate on trade-exposed sectors of the economy".
Is it necessary to register a trademark? What are the benefits to registering a trademark? What distinguishes a trademark from another symbol or group of words?
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