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Question: When a neighborhood is cleaned up and kept neat, there are a number of positive spillovers: higher property values, less crime, happier residents. What types of government policies can encourage neighborhoods to clean up? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.
Write an expression for the marginal product of capital for this production function. Do not calculate a numerical value for this, but provide a general equation for MPK.
How might this phenomenon affect the product cycle and new product research and development in the United States?
Analyze Federal Express value creation frontier, and determine which of the four building blocks of competitive advantage the company needs in order to continue to maintain above-average profitability. Provide a rationale to support the response.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms. Her most optimistic estimate (a price not expected to be exceeded more than 10 percent ..
Redraw the graph illustrating an effective price ceiling, P1. Describe what must be true for this price ceiling to be effective. With an effective price ceiling, which side of the market is the short side? What is the effect of the price ceiling o..
Suppose it costs $30 for each lobster trap set. Lobsters sell for $15. If X traps are set, the harvest rate of lobsters, L, as a function of the number of traps, is given by: L = 45 X –X2. Suppose lobstermen could limit the number of traps permitted.
Find the equilibrium price and quantity traded and illustrate the equilibrium on a diagram (assuming there are no taxes or subsidies, and the notation is the same as that in question 2).
Why did the Global Financial Crisis occur? How might a repeat of such a crisis be avoided?
What are the main assumptions of perfect competition? In a monopoly, if a firm fixes the price, what determines the amount supplied?
The widget industry in Springfield is competitive, with numerous buyers and sellers. Consumers don't differentiate among the various brands of widgets (no product differentiation). The industry demand curve is given by: Qd = 998 - 5Pw + 4 Y - 6Pg
How involved is the government in each economic system? What are the pros and cons of each system? What challenges do you think a country would face if they changed from one economic system to another?
What are the major markets that coordinate macroeconomic activities? Describe one of them in some detail.
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