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The value of a home depends in part on how attractive other homes and yards in the neighborhood are. How do local zoning ordinances try to promote land uses that generate external benefits for neighbors?
Production procedures elucidate the law of increasing opportunity costs.
Suppose that the black market for Internet providers arises, with internet service providers developing hidden connections. Illustrate the black market for inter access, including the implicit supply schedule, the ceiling price, the black market s..
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
Suppose a manager is interested in implementing third-degree price discrimination.The manager knows that the price elasticity of demand for Group 1 is -2 and the price elasticity of demand for Group 2 is -1.2.
Use the multiplier to indicate how a decrease in investment of R50 will affect the GDP. Show all caluclations. Illustrate this on a graph
Chua Chang & Wu Inc. is considering its operations for next year, and the CEO wants you to forecast the company additional funds needed
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
which of the following three expressions uses the economists definition of money a. how much money did you earn last week b. when i go to the store, i always make sure that i have enough money.c. the love of money is the root of all evil
The perticular information needed to calculate each metric should be discussed. For each metric discuss the appropriate target value and the actions that need to be taken to achieve the target.
Explain what was happening to the economy in terms of the AS/AD model, including what would need to happen to bring us out of the "recessionary gap". In other words, using the AS/AD model as a starting point, explain the economic situation of 2008.
I expect a payment of $104 one year from now. My discount rate is 4%. What is present value of the payment to be recieved? How much if 5%?
Discuss the limitations of relying on random experiments to evaluate policy impacts and validity of experiments that are actually conducted, and two reasons that it is often not feasible to conduct random experiments in practice.
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