Who is the economic decision maker

Reference no: EM132178043

Question: 1. Describe an externality not listed in the chapter. Is it positive or negative? Who is the economic decision maker, and who bears the external cost or benefit?

2. Consider the decision to adopt a dog. Describe a private cost, a private benefit, an external cost, and an external benefit that result from your decision to adopt a dog.

Reference no: EM132178043

Questions Cloud

Which was your favorite version of your character : How does your character behave similarly or differently or how is he/she represented across these three stories?

Summarize what this is used to accomplish : Share any challenges you had while demonstrating these techniques and/or any tips for others. Were there any tools/functions in Microsoft Word.

Which are likely to be variable in the long run : The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of these costs, which are likely to be variable in the long run?

How does the narrator close the film : Was there anything the narrator failed to mention or left unsaid that would have been helpful to your understanding of the film?

Who is the economic decision maker : Describe an externality not listed in the chapter. Is it positive or negative? Who is the economic decision maker, and who bears the external cost or benefit?

What would happen to demand : What are the private costs and benefits associated with smoking cigarettes? What are the external costs? If smokers paid the social cost of cigarettes.

What evidence is in there of natural law versus human law : What can we say about individual freedoms versus the ideal of equal opportunities protected by the institutions of a justly ordered society?

Why the given situation constitutes a negative externality : When U.S. farmers in the Southwest irrigate their land, salt in the ground soil leaks into the Colorado River. The Colorado River has become so salty.

Discuss a theme of the work illustrated in the quote : 1. Identify work and author; 2. Discuss a theme of the work illustrated in the quote; 3. Relate the quote to the time period in which it was written!

User Account

All Pages