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Consider the Purdue University policy enforcing the wearing of masks to prevent the spread of Covid- l 9.
(a) Why does wearing masks represent a positive externality?
(b) Some people would wear a mask even without it being enforced. Given this, why do you need a policy?
(c) Regulation is one approach to address a positive externality. Pigouvian subsidies and Coasian bargaining are others. How could they work here? What determines whether might they be feasible or not?
In September 1995, Patrick Buchanan, a Republican candidate for U.S. president, proposed a 10 percent tariff on Japanese imports to the United States, a 20 percent tariff on Chinese imports to the United States, and an unspecified “social” tariff on ..
An improvement in production technology for a specific good will cause a(n):
In the land of free trade, the public does not view all industries as equal. Do you believe that is ethical? Do you believe that some industries are unfairly targeted? Become an advocate for either the consumer or the industry. Prepare an argument ex..
With a production possibility curve, explain what points are possible? are desirable? are impossible?
The reliability of two types of machines used in the same manufacturing process is to be tested. The first machine failed to operate correctly in 90 out of 300
q1. since the gdp is a total market value of final goods and services produced within a country over time. why is this
A consumer consumes only food (X1) and alcohol (X2) and he has a utility function U(X1,X2)=bX1+aInX2. Derive the Hicksian demand function for good 1 (h1). Show that it is downward sloping in its own price. What is the new budget constraint? What is t..
what he has learned to estimate the demand for ice cream in his father's parlor during his summer vacation. Using regression analysis.
Consider the horizontal quality model on the unit interval from 0 to 1. There areNconsumers located uniformly along the interval. There are two firms, with zero marginal costs, initially located at 0 to 1. Solve for the equilibrium price if both firm..
What might be some of the few factors that make the city of New York federal reserves be called prominent when they are compared to there cities. Please help
What is the difference between a change in the quantity supplied and a shift in the supply curve.
A seller's has an item for sale. There are two risk neutral buyers whose valuations, which are private information, take on two possible values
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