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The graph of total costs will have what on the horizontal access?
A mass transit subsidy will result in auto use and mass transit ridership levels that are closer to their social optimums than would occur without the subsidy. Use the graphical model discussed in class to explain the effect of a mass transit subsidy..
Is there a dominant strategy? What is (are) the Nash equilibrium (equilibria)? Explain. Is there a mixed equilibrium strategy? What behavior would you predict for Delta in a one-play game and why
Work decisions are based upon a comparison of priviate cost and the private benefit. The external or spillover benefit of someone doing additional work is measurable for society as the change in?
Analyze the primary potential benefits of learning about health economics related to government involvement in health care economics, financing, and delivery.
Using the theory of public goods, explain the logic of why in some resort communities the ownership of waterfront homes also includes some defined area along the beach.
Calculate the index of real GDP and population growth between 2000 and 2010 for China, Canada, and Zimbabwe. Assume that the value of this index is equal to 100 for the year 2000.
marginal revenue exceeds marginal cost, marginal cost exceeds marginal revenue, total cost exceeds total revenue.
The companies in the detergent market closely fit the mold of the monopolistic competitive firm. Research the company in this market and describe how it fits some of the characteristics of the monopolistic competitive firm.
a knitting mill sells about 20000 units of its product per year at an average price of 10 each. fixed costs amount to
Suppose that the governmental authorities wished to decrease use of a pesticide that is leaching into groundwater supplies in a watershed by 60% from current use levels.
Assuming that demand does not change from month to month, plot the annual market demand for potatoes. Draw Tracey's and Darren's demand curves for potatoes on one diagram.
A key function of the government is market externalities. Compare and contrast the cost externalities and the benefit externalities and provide some examples.
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