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Consider the market for fire extinguishers.
a.) Why might fire extinguishers exhibit positive externalities?
b.) Draw a graph of the market for fire extinguishers, labelling the demand curve, the social-value curve, the supply curve, and the social-cost curve.
c.) Indicate the market equilibrium level of output and the efficient level of output. Give an intuition explanation for why thee quantities differ.
d.) If the external benefit is $10 per extinguisher, describe a government policy that would yield the efficient outcome.
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the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
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assume that a firm in a perfectly competitive industry has the following total cost schedule3 pointsoutputtotal
in a college freshman english course the following 20 grades were recorded48nbspnbsp 88nbspnbsp 47nbspnbsp 39nbspnbsp
Which of the following statements is true about a defendant's case?
Marc has a budget of $20 a month to spend on root beer and DVDs. The price of root beer is $5 a bottle, and the price of a DVD is $10.
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