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1. In a perfectly competitive world of two individuals, A and B, and two goods, X and Y, if good X is a pure public good and good Y is a private good,
a. Derive the Pareto Optimal condition
b. Compare this condition with the Pareto Optimal condition where the two goods are all private goods
c. Discuss the four categories of goods with a few examples
2. In a perfectly competitive world of two individuals, A and B, two products, X and Y (all pure private goods), and two inputs, L and K, derive the following conditions via the Edgeworth Box Diagrams:
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Why is environmental appraisal important for an organization
For 1980 through 1996 e total exports E of the us can be modeled by E=-0.131^3 +5.033t^2-23.2t+233 where t is the number of years since 1980 in what year were the total exports abo
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