Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose that Mr. Smith enjoys taking care of his garden. His marginal benefit per hour of garden is given by MB(h)=15-h.
Assume that every hour of gardening costs 10 in terms of equipment and other inputs.
1) How many hours of gardening will Mr. Smith choose? Now assume that Mr. Brown, his neighbor, enjoys seeing the garden. His marginal benefit is MB(h)=7-h
2) What is the socially optimal amount of gardening?
3) What would be the subsidy required to get Mr. Smith to perform the efficient amount of gardening? Now assume that Mr. Green, another neighbor, doesn't like the garden. He bears a marginal damage, which is given by MD(h)=2
4) What is the socially optimal amount if gardening for a society made up of Mr. Smith, Mr. Brown and Mr. Green?
Suppose you have two goods, ice cream and macaroni(an inferior good to most people). show graphically what would happens when the price of the ice cream decreases and income increases.
What would be additional revenue per hour obtained if company managed to have 10 doctors overseas on duty at any given time. What would be additional profit if company managed to have 10 doctors overseas on duty at any given time.
Illustrate what are factors that influence supply of loanable funds and the factors that influence demand for loanble funds.
If you had to create an instrument that measured the prosperity of a nation, Illustrate what would be the three most important aspects of the society you would include.
Elucidate what set of prices for apples and bananas, respectively, would be consistent with consumer equilibrium.
Write down the consumer budget constraints when young also when old the consumer lifetime budget constraint the government budget constraint also the market clearing conditions.
At present, the original manufacturer is deciding either they should continue production of toy truck.
What is the profit-maximizing rate of output for the firm?( b ) How much profit does the firm earn at that rate of output?
Explain how can multiplier have a -ve effect. What is the relationship among the multiplier as well as the marginal propensities.
calculate the mean median also mode for the value of a house also for the value of a car. Illustrate what can you surmise about the data.
Abstracting from any other factors, what is the range for rates of exchange of modems for DVD drives that will now include Northland
Illustrate distinguish between the functional distribution and personal distribution of income.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd