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Use diagram to discuss and explain market and how social optimality can be restored in a market where the market failure exist to ensure optimality.
The problem is belongs to Economics and it is explain about comparing relevancy, market and economic values. Each of these values has different meaning and is used under different circumstances.
consider a consumer with utility ux y radicxy . the consumer has 100 to spend and the price of x is 5 and the price of
a cupcake store is located in a mall and is the only cupcake store in that mall.nbsp the demand schedule for cupcakes
There are three primary methods of inducing firms to emit the optimal level of pollution: standards, taxes and transferable permits. Compare and contrast these three techniques: describe each and explain its strengths and weaknesses.
The marginal cost pricing model computes a mark-up over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
Suppose you are the manager of the firm. What advice would you give the owners to raise the productivity of its labor? Be specific in your proposal.
consider a monopolist with the following demand function q 60 - 0.667pa. graph the demand and mr lines. what is
Suppose a hugely successful web company has utilized free economics, expanded its scale of operations also spread its long-run costs over larger also larger audiences. After years of profits, the company's profits fell continuously. Using production ..
A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year.
1. Suppose inputs are only substitutable at two units of labor for every one unit of capital, and one unit of output is produced for every unit of labor or ½ unit of capital. What would be the equation for the production function? What is the ..
Chris is renting a house, and it does not have a refrigerator. A refrigerator is worth $2 every day because Chris will eat out less. Chris has a discount rate of 20 percent. Refrigerators usually last five years. How much is Chris willing to spend on..
Bob hits Sally with a shovel. In this situation, which of the following is the mens rea - key element of classic experimental design?
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