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What is an example of a positive externality? of a negative externality? Why are goods with negative externalities often overproduced? Why are goods with positive externalities often underproduced? Give an example for each.
Regis hungry for a snack. Here is the value he places on a cupcake: Value of first cupcake 5dollars Value of second cupcake 4dollars Value of third cupcake 3dollars Value of fourth cupcake 2dollars From this schedule, derive regi's demand schedule. G..
100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es 51.0). So how many popsicles will be sold each day in the short run if th..
Enumerate the various objectives a firm might have and how the price mechanism can be used to realize such goals. Have you any real-world examples to support your answer While you're at it, calculate the price and quantity to: (a) Maximize TR
The licensing restrictions allow each company to sell as much as it wants at a price ceiling of $2,200. You have the following output and MC data for each company: Output MC ($) Q Abba Babba Cabba 1,000 2,500 2,600 2,700 2,000 2,400 2,300 2,500 3,..
Estimate a logit model to predict delinquencies in terms of the other variables in the data set. Enter McFadden's R-squared in the box below.
For the next three questions, suppose a per-unit excise tax of $90 per guitar is levied on the consumers. What price will consumers pay after the tax is levied What proportion of the tax will be paid by the suppliers of Martin guitars
1. for the each of the following functions 1 find a function for an indifference curve that delivers uu? units of total
The agency of Labor Statistics follows 5-steps to calculate Consumer Price Index. Determine three strengths and three weaknesses of the Consumer Price Index calculation.
The Economic Survey estimated the Forex reserves of India at over 297 billion US dollars. The surge in Forex is attributed to growth in which of the following sector Gross Fiscal Deficit stands at 4.8% of GDP. What was the percentage of Gross Fisc..
Instead of the ration in the preceding question, suppose that the government increases taxes on gasoline, in addition to the market price increase
Carefully label the two axes, the 45-degree line, the AE curve, and the equilibrium level of real GDP. Indicate and label the GDP gap and the recessionary gap.
women and selected minorities are systematically excluded from high-paying occupations and crowded into low-paying occupations, decreasing their wages and reducing domestic output. B. employers having high discrimination coefficients will be crowde..
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