Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 2,500 people in the community, each of whom has an identical inverse demand function given by P = 25 - 0.1(Q), where Q is the number of miles preserved, a public good, and P is the per mile price he or she is willing to pay for Q miles of preserved river. The total cost function for river preservation is TC = 4,000(Q).
(a) Why is river preservation considered a public good?
(b) What is the competitive market equilibrium price and quantity for miles of river preservation?
(c) What is the socially efficient outcome?
(d) What is the value of net benefits at the socially efficient equilibrium?
Five of ten people earn $0, four earn $100, and one loses $100. What is the expected pay off and variance of the pay off? There is a 50 percent chance of making $0, a 40 percent chance of making $100, and a 10 percent chance of losing $100. Calculate..
The question I want to ask, how can the government balance between keeping the business in the economy and the consumers' interest? What would be the impact of continuously successful lobbyist on the consumers?
How much money can they gift to their children in 2014 without any gift tax liability?
Eric Williams contends that plantation slavery in the West Indies helped bring about the development of a market economy in England. Name one argument he uses to explain it, and carefully explain how it helped foster a transition to the market solvi..
Suppose that you invested $10,000 dollars using the dollar-cost-averaging approach. Assume that on Feb-1-10, and on Feb-1-11, you purchased $5,000 worth of stock (each year). You then held the shares until they were sold on Feb-1-2014 (assume you rec..
If the firm's after-tax interest rate is 9%, which alternative has the lower EAC and by how much?
Provide a written definition of the output supply curve, Ys . Graphically derive the output supply curve, Ys , for the real intertemporal model with investment (the model from Lecture Note 9). Be sure to show all graphs and all work. Provide a writte..
In the nation of Wiknam, people hold $1,000 of currency and $4,000 of demand deposits in the only bank, Wikbank. The reserve–deposit ratio is 0.25. What are the money supply, the monetary base, and the money multiplier? Assume that Wikbank is a simpl..
Read the article "Abenomics is doing better than you think" and answer the following questions. Define the term Abenomics. What are its main components? What were the main problems of the Japanese economy before Abe took power (both long run problem..
Find the 95% confidence interval for the population mean of the price of movie tickets AND State what type of confidence interval you used
Based on the standard labor demand model, in the long run, what do you expect to be the scale and substitution effects of a decrease in r (the price of capital) on the amount of labor demanded? What is the predicted total effect?
An article in the Chinese economy in 2012 notes that business inventories had been increasing. As a result, the author argued: "China's growth rate will not be as robust as it has been over the last few years, as the economy needs to work off this ex..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd