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Why is COVID-19 vaccine a good that has positive externalities? Explain thoroughly two strategies the government can pursue in regards to a good with positive externality. (Refer to the Government of Australia).
The time required to verify and fill a common prescription at a neighborhood pharmacy is normally distributed with a mean of 10 minutes and a standard deviation of 3 minutes. What is the probability that a customer will have to wait more than 15 minu..
Write a one - two page paper on your definition of ethics and or "code of ethics." You may write the paper in Word and submit via attachment or type your response directly into the text editor. Whatever method you choose, you will need to click on th..
A firm is producing where its marginal costs are at the lowest level. What can one most likely infer from this?
Should governments subsidize education? Should governmentsoperate our schools or should schools be run by private businesses?
Describe the concept of strategic interaction in game theory and how it differs from single agent or player games (e.g. a monopoly or an individual maximizing their utility)
Suppose the monopolistically competitive barber shop industry in a community is in long-run equilibrium, and that the typical price is $20 per haircut. Moreover, the population is rising. Draw a graph to show how the short-run effects of a change on ..
How many different combinations of 3 winning tickets can there be? Suppose you hold 4 tickets. What is the probability that you will win exactly 2 out of the 3 prizes.
Suppose there is an options market in SO2 permits, where each permit entitles one ton of SO2 emissions. Suppose that running a scrubber costs $65 per year per ton of SO2 removed, has a capital cost of $30,000,000, and an expected life of five years. ..
Provide an example of a positive production externality, either one you have read about or found through research, or one that is hypothetical. The example should clearly state what benefit arises out of the production, and how this benefit without t..
The Federal Reserve chairman acknowledged the economy was in a recession. What actions might the federal government take to give the economy a boost?
If the cost of rare earth (a resource for producing smartphones) increases, then supply for Samsung smartphones will _____, and quantity will _____.
q1. frank gunter owns an apple orchard. he employs 57 apple pickers and pays them 15 per hour to pick apples which he
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