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John has a utility function given by U(M) = M0.5, where M represents an amount of cash prize in a game. If John wins, with the probability of 0.2, he will get $900; otherwise, he g
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
group trend including ionic and atomic radii,electron affinity,electronegativity,charge density and ionization potential
An economics branch which keep concentrate on illumination the economic decisions people make in practice, particularly when these conflict with what conventional economic theory p
Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class
Determinants of Social Demand for Education - Externalities The state has several objectives of which welfare and development of the people are most important. Promotion of cu
what are the variables to be included in the social welfare of a country?
a. The diagram above depicts the current position of a hypothetical economy using the Keynesian Income/Expenditure approach. If national income is currently at Y1 explain why this
EXPLAIN KINKED DEMAND CURVE
a machine cost 18871.00 today. at the end of each year I own the machine & it gives me returns of 4,948.00 after paying repairs and maintenance. After 6 years, I expect to sell it
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