Reference no: EM13831307
Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English, spelling and grammar. Sources must be cited in APA format. Your response should be four (4) double-spaced pages; refer to the "Assignment Format" page located on the Course Home page for specific format requirements.
Part A
Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income."
Assuming that state funding for the universities is held constant; describe the conditions that will prevail if tuition is held below equilibrium price. Provide one (1) example to support your response.
Will education really be "equally accessible" under these conditions? Provide one (1) example to support your response.
Part B
Using the Internet, research the influenza vaccine, or "flu shot." Use the following to guide your research:
Think about the flu shot in the context of a public good.
What are the economic benefits of the flu shot?
In what ways has the government become involved in the distribution of flu shots? For what reasons?
Describe one (1) reason why the private market for flu vaccinations would produce an inefficient outcome.
Describe one (1) way that government involvement could achieve an efficient quantity of vaccinations.
Provide one (1) original example for each of the following:
a private good
a public good.
NOTE: Don’t be a jerk and post short answer
|
What is four-firm market concentration ratio for industry
: In Savannah, Georgia, the retail gasoline market consists of 8 firms. Firm 1 has 30% of the market, Firms 2 and 3 have 20% each and the remaining firms have 6% each. What is the four-firm market concentration ratio for this industry? Show your calcul..
|
|
Discussing organizational/structure theories
: Discussing organizational/structure theories.Research and describe how the scholarly literature deals with the functional and divisional approaches to structure.Select an organizational structure theory and explain how the structure is designed to wo..
|
|
National interests of india and china
: Write a Final Paper comparing and contrasting the political systems, cultures, and national interests of India and China.
|
|
Definition of a perfectly competitive industry
: Alpha Industries operates in a highly competitive market. While there are a few other firms in the industry due to the high fixed costs of building plants, rival firms are very aggressive in their pricing strategies. Of the products sold in the indus..
|
|
What are the economic benefits of the flu shot
: Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Think about the flu shot in the context of a public good. What are th..
|
|
What a progressive tax rate structure is
: Briefly explain in your own words (max 300 words) what a progressive tax rate structure is. Charles is an accountant and is keen to become a partner in one of the big international accounting firms.
|
|
Complete long-term liabilities and current liabilities
: Indicate the proper balance sheet classification of each of the preceding 12 financial statement items on the December 31, 2003, balance sheet. If the account title would not appear on the balance sheet, indicate the financial statement on which i..
|
|
Assume the money supply is backed by the real gdp
: Let's assume the money supply is 'backed' by the real GDP, which it is. If the money supply were to increase faster than the real GDP did, what would happen to prices, and why? What would happen if the money supply couldn't grow, as it couldn't, when..
|
|
Compare and contrast the exchange rate systems
: Compare and contrast the following exchange rate systems:
|