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1. What is meant by externalities? What are different types of externalities?
2. What are different types of externalities?
3. What is the Coase theorem? How is it related to externalities?
Business Economics, Economics
Of all the companies on the New York Stock Exchange, profits are normally distributed with a mean of $6.54 million and a standard deviation of $10.45 million. In a random sample of 73 companies from the NYSE, what is the ...
The average, or "par" score for an 18 hole golf course is 72. The score is computed by counting the number of swings, or "strokes" a player must make with their club to hit the ball into each of the 18 holes on the golf ...
At a college the scores on the chemistry final exam are approximately normally distributed, with a mean of 75 and a standard deviation of 15. The scores on the calculus final are also approximately normally distributed, ...
Due to the impact of Tropical Storm Harry in Caribbean, the price of sugar rises from $0.50 to $1.00 per bag and the quantity demanded falls from 1000 bags to 400 bags a. Calculate the elasticity of demand for sugar b. I ...
If unemployment rate is 5.5% and underemployed, unemployed and discouraged workers is 8.4%. What is % of underemployed and discouraged. Is it as easy as just 8.4-5.5?
The following is a set of data from a sample of n=5 5 9 3 2 6 The mean is 5 The median is 5 There is no solution for mode. What and how do I find the variance?
Grades for a statistics exam are normally distributed with a mean of 80 and a standard deviation of 4. The empirical rule indicates what percent of an exam grades fall between 76 and 84?
In this question are you just using the empirical rule? You know that your population is normally distributed with a mean of 100 and a standard deviation of 15. Using the empirical rule as a rough approximation, what is ...
A manufacturer of cereal has a machine that, when working properly, puts 20 ounces of cereal on average into a box with a standard deviation of 1 ounce. Every morning workers weigh 25 filled boxes. If the average weight ...
Some seem to believe that we should be pure maximizers. Others say that we do better as constrained maximizers. Which view does David Schmidtz endorse and why?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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