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Discussion Post
Question I. Discuss the concepts of Externalities, Common Recourses, and Public Goods.
Question II. How can we apply these concepts to what is going on today in the news? What externalities are there from people's behavior choices? What are the Common Resources involved? What are the identifiable public goods? Look for a news article online that might talk about externalities.
Question III. How can these concepts be applied to the concepts of congestion in South Florida, Global Warming, and our relationships with our significant others'?
Corporate funeral giants have replaced small family-run funeral homes in many areas, in large part because of the lower costs they achieve. What kind of economies of scale exist in the funeral business? Why doesn't someone build one colossal funer..
Is unemployment typically short-term or long-term? Explain your answer and support with concepts. Answer the question in 3-5 paragraphs.
Explain an explanation of the role and function of each of the three agencies and how this affects businesses. One significant regulation that each agency enforces.
Suppose Dan has a daily variable cost of VC = Q2/2, a marginal cost of MC = Q, and an avoidable fixed cost of $50 per day.What is Dan’s supply function.Graph Dan’s supply function.
writenbsp700 - 1050-wordpaper of no more than summarizing the content. address the followingnbspidentify two
Explain why exchange -rate quotations stated in different financial centers tend to be consistent with one another?
a recent flood in the midwest has destroyed much of the farmland that lies in fertile regions near the rivers.
Explain the flow between households, government and business
Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Wisconsin. It uses a special formula, combined with the fresh water from the local stream, to produce a drink popular with local folks and tourists who visi..
Now assume that labor supply is given by the equation W = 2 + 4L, and labor demand is given by the equation W = 56 - 2L, where W is the wage and L is the quantity of labor. Also assume that the capital stock changes and now K = 10. At full emplo..
In 2030 in the country FARMLAND , there are three residents: The Farmer, The Miller, and The Baker. The residents of FARMLAND import and export goods to and fro
The Occupational Safety and Health Administration promulgate safety and health standards. These standards typically apply to machinery (capital), which is required to be equipped with guards, shields, and the like. An alternative to these standards i..
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