Public services relative to privately produced goods, Public Economics

Assignment Help:

Industries in the country of Technologia invest in latest equipment that annually enhance productivity of private workers by three percent. Government employees do not profit from same technical advances.


1.    If wages in the private sector are set eqivalent to the value of the marginal product, how much will they increase yearly?

2.    Government workers annually get increases so that wages remain comparable to those in the private sector. What happens to the price of public services relative to privately produced goods?

3.    If the similar quantity of public services is produced every year, what happens to the size of the government (measured by spending)?


Related Discussions:- Public services relative to privately produced goods

Condition of pareto optimality , reallocation of the resources from 1 effic...

reallocation of the resources from 1 efficient point to another efficient point that cause the production of x increase and production of y decrease hold the condition of contrect

Uncertainty and the policy process, As we know now that in policy process, ...

As we know now that in policy process, policy outcome may differ from the social planner outcome not only because different policies may be chosen but because a given policies may

Nature of coordination problems, Only limited progress has been made in mod...

Only limited progress has been made in modeling of dynamic process of institutional change, therefore, limiting the concerned policy options. It has been identified that innovatio

Volume of production, what is volume of production and the factors influenc...

what is volume of production and the factors influencing them

Monitoring any proposed legislation and regulations, Question 1: "The o...

Question 1: "The only social responsibility of business is to increase its profits" wrote Milton Friedman, Economics Nobel prize winner, in an article in the New York Times Mag

Examine essential elements of modern democratic societies, Question 1: ...

Question 1: Examine the essential elements of modern democratic societies. Question 2: State the various ways in which the participation of people is achieved in a demo

Show the redistribution policy, Q. Show the Redistribution Policy? We k...

Q. Show the Redistribution Policy? We know that despite policy interventions the disparity of income has been increasing in nearly all the countries. United States is highly un

Privatisation, Ask quedoes privatisation decentralise economic power stion ...

Ask quedoes privatisation decentralise economic power stion #Minimum 100 words accepted#

Prepare a news release announcing the launch of network, The news release i...

The news release is the ‘granddaddy' of public relations writing vehicles. (a) As a PR student, show the main points you would consider when attempting to write an effective ne

Pareto improvement, 1. is pareto improved demonstrated using the edgeworth ...

1. is pareto improved demonstrated using the edgeworth box daigram?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd