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In community A, there is a single beekeeper and a single garden. The bees obtain nectar from the garden but provide no relevant pollination services. The bees, however, are a nuisance to the owner of the garden. The garden owner brings a lawsuit against the beekeeper and the judge provides the following opinion. “The garden was there before the beekeeper arrived and the bees are clearly a nuisance. The court hereby orders the beekeeper to cease operations.” Graphically show and define the economic issue being experienced by the beekeeper and the gardener. What economic principle is the judge employing in her opinion? Be sure to provide a complete discussion of this principle.
In community B, there are many garden owners and a single beekeeper. The garden owners bring a lawsuit against the beekeeper and the judge issues the opinion that the beekeeper must pay damages based on the number of bees he/she owns (basically a tax on bees). Why in this case would the opinion differ than in community A? What principle is the judge relying on in this case?
The Bank of Key West is not going to have enough reserves at the end of the business day to meet its reserve requirement of 10%. It currently has two options to borrow money overnight in order to meet the requirement. What is the federal funds rate. ..
Illustrate what fiscal policies also monetary policies would be appropriate at this time. You must use at least one article. Use references also APA.
The market for autographs by a superstar baseball player during the 1950s and 1960s indicates that while the player’s autograph is not rare it remains highly desirable and of relatively high price to collectors. Use one graph to show both the demand ..
q.part 1in 2011 company xyz had sales of 345620million net working profit subsequent to taxes of 10250 million and
Illustrate what is the relationship among a firm's total income, profit also total cost?
Illustrate what is the book value at the end of the third year.
A machine costs $20,000 and has a 5 year useful life. At the end of the 5 years, it can be sold for $4,000. If annual interest is 8%, compounded semi annually, what is the equivalent uniform annual cost of the machine?
Which of the following would shift the production possibilities frontier outward? -more efficient use of existing resources and technology?. -society's desire to produce more one of the goods. -an increase in the size of labor force. -the end of stri..
What are the differences between the consumer price index (CPI) and the GDP deflator? Check all that apply.
If you were a manager in a company that operates in many countries, what criteria would you use to determine whether an application should be developed as a global application or as a local application?
Demand for a new drug that controls ulcers is given by equation Q = 150 - 3P (Q is bottles of medicine and P is the price per bottle in dollars). Using inverse demand (because P is graphed on the vertical axis), what is the slope of the demand curve?
Consider a facility that has a 30-year life, a replacement cost of $1 million, and an interest rate of 5%. Calculate the animalization factor. Show your work/ calculations using the formula. Based on the animalization factor, calculate the annual cos..
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