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There are three groups in a community. Their demand curves for public television in hours of programming, T, are given respectively by
W1 =$200−T W2 =$240−2T W3 =$320−2T.
Suppose public television is a pure public good that can be produced at a constant marginal cost of $200 per hour.
(a) What is the efficient number of hours of public television?
(b) How much public television would a competitive private market provide?
Find out change in government costs under subsidy policy. Find out change in government income under tariff policy.
The Sarbanes-Oxley Act came about as a result of the Enron scandal. What did that company do? What can companies do to foster an ethical environment? Give examples of what YOUR company does to promote an ethical environment.
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In a replacement analysis problem, the following facts are known: initial cost ($12,000), the annual maintenance (none for the first 3 years, $2,000 at the end of the 4th year, $2,000 at the end of the 5th year, increasing $2,500 per year after the 5..
q.two dry cleaners are located on a street of length 1 addresses are numbered from 0 to 1. the marginal costs of dry
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Pamela earns a yearly salary of $150,000. During year 1 she invested $80,000 for a 20% interest in a passive activity. Operations of the activity in year 1 resulted in a loss of $500,000, of which Pamela’s share is $100,000. In year 2, the activity g..
The study that estimates that in the United States the multiplier value is equal to 1.62, is carried out by----
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 20%. The available supply is 20 units. Calculate the allocation of outputs across the two periods that maximizes the present valu..
q1. suppose there is a 50-50 chance that a risk adverse individual with a current wealth of 20000 will contract a
Illustrate what does your anticipated adjustment process imply about the CR for the industry. Industry B has 20 Industries also a Concentration Ratio (CR) of 80%.
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