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Compare and contrast a public good versus a private good. What are the principal characteristics of each?
What are the two key characteristics of public goods? Is there a free rider problem when it comes to public goods? Why?
Do you consider your local police force a public good or a private good? How come? How about your local TV service? Please explain your answer.
Explain the 4 ways the Federal Reserve would increase the money Supply and explain and graph how this would impact interest rates, consumption, and investment, AD, GDP, Prices and Unemployment. (Make sure to include both the money and the goods graph..
Suppose that the demand curve for cigarettes is given by Qd = 50 ? P and the supply curve is given by Qs = P. The government wants to raise $300 in revenues by taxing the cigarette market. Calculate the amount of the excise tax required to accomplish..
How will this affect the firm’s profit maximizing use of coal and output? d) What is the advantage and the disadvantage of placing a tax on the burning of coal to reduce global warming?
Sales and profits for a new product are uncertain. The predicted sales may be as high as 10,000 units per year with a probability of 10%. The most likely value is 7,000 units per year. The pessimistic value is estimated to 5,000 units per year with a..
What order quantity would you advise and how much can they save using your recommendation instead of their one order per year strategy.
Suppose you purchase a $1500 laptop, a three-year asset, and sell it the next year for $400. What is the change in net cash flow in the year of sale when your tax rate is 40%?
Senior citizens and students have a relatively less elastic demand compared to other potential moviegoers. The government requires lower prices for senior citizens and students. Senior citizens and students have a relatively more elastic ..
B would cost $1.5 and save $$400K pa. C would cost $2.1M and save $500K pa. For each of the alternatives. Construct a Choice Table based on the chosen MARR.
Demand-Supply Analysis and the American Revolution a. Before the American Revolution, the British government required that all imports to the colonies from outside the British Empire were first shipped to England (part of the Navigation Acts). A Bost..
Under the responsibility scheme proposed by the Taiwan government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view?
Why do you think the FED evaluates the money multiplier when making decisions with regards to the money supply
If this is true, explain why does not just one state produce all of the orange juice for the U.S. market.
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