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Why are external costs a problem? What about external benefits?
Suppose the cost function is C(Q)=50 +Q-10Q2+2Q3. What is the marginal cost of producing 10 units?
q.bob as well as nancy live in a new housing development as well as they would like to have fire hydrants installed to
You are looking for an apartment to rent. You know that searching for apartment to rent on the internet will help you find an apartment with a lower rental.
Suppose economists observe that an increase in government spending of $10 billion raises the total demand for goods and services by $30 billion. If these economists ignore the possibility of crowding out, they would estimate the marginal propensity t..
What proportion of her money does she spend on good X? Are there cross-price effects?
Solve for the number of permits each firm holds after a permit market operates, the price of the permit, and total private costs of the permit system.
Determine whether GDP will be underestimated or overestimated in each of the following:
Find 90% confidence interval of the true proportion of families who said they ate at least 3 times a week.
Describe how a decrease in price will affect the Quantity Demanded of an item. Incorporate a discussion of the Income and Substitution Effects into your response, as well as the difference between “Normal” and “Inferior” goods.
List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data
Describe the value proposition behind General Electrics Industrial Internet initiative (e.g. what job does GE’s strategic initiative aim to fulfill for its consumers?).
How discrimination and institutional racism in (education, hiring, training, promotion, housing and criminal justic) reduces domestic output and income? hint: discuss how EACH(education, hiring, training, promotion, housing and criminal justic) contr..
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