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In each of the following situations, explain whether an externality is present.
a. Mine safety has improved in recent years. Nonetheless, mining accidents result in 50 to 100 deaths per year and thousands of lost workdays due to injury.
b. Large brokerage and financial service companies conduct intensive introductory training programs for new hires, many of whom, once trained, leave the company within the first year to work for competitors.
c. The volume of e-mail spam has grown exponentially in the last 5 years.
d. A husband and wife who have put off buying a house suddenly find themselves priced out of the market by rocketing real-estate prices.
If you were going to invest money, given today's financial market status, where would you invest your money today? What is the difference between stocks and bonds?
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket sales. The city charges the team $100 each month for..
describe how the firm prices its revenues and costs
q1. assume that the market for tomatoes is perfectly competitive. using an appropriate model or models illustrate and
Professional sports players are generally paid much more than farmers, factory workers, engineers, and teachers. The markets for the professional sports players, farmers, factory workers, engineers and teachers are generally competitive.
In a market economy there are two types of goods being produced: public and private goods. After reading the assigned chapters, what is the difference between a public and a private good?
Suppose you are the manager of a small pharmaceutical firm that received a patent on a new drug 3-years before. Despite strong sales and a low marginal cost of manufacturing the product
Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with ..
Think a country that initially consumes one hundred pairs of shoes per hour, all of which are imported. The value of shoes is $40 per pair before a ban on importing them is imposed.
dominos pizza is considering entering the marketplace in your community. conduct research about the demographics of
If your child is born today, how much will you need to put away per year, at end of each year through your child's 18th birthday, so that no additional payments need to be made after year 18
Which of the best explains why these secondary sales might be of concern to De Beers?
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