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1. How does the marginal social benefit curve of a common resource compare to the marginal social benefit curve of positive externality from a mixed good? Highlight the differences through graphs.
2. a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what happens to the price paid by the buyers and discuss the incidence of the tax.
b. If income tax rates on labor income are decreased, what is the effect on the labor supply and the labor supply curve? What is the effect on the equilibrium quantity of labor hired?
discuss the significance of paration research
The table shows the demand schedule of Taylor Swift’s concert ticket. Draw the demand curve for her concert ticket
Determinants of Social Demand for Education - Equity Perfect equality is not observed in any society. Hierarchy in status, standards of living, capacities for effective demand
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the basics in micro economics
what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
Change in demand: change in quantity demanded occurs when the consumption of a commodity increases or decreases as a result a change in the price of the commodity, when all ot
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
what is iso-product curve
I am having a hard time figuring out how to find marginal product.
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