Question - Consider a community consisting of three voters, Al, Bob and Cathy. The Marginal Benefit function for each person is, for lighthouse service G is; MBa = 40 - 4G for Al, MBb = 20 - 2G for Bob, and MBc = 10 - G ...
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Question - Suppose that Coca-Cola is currently paying a dividend of $2.74 per share, the dividend is expected to grow at a rate of 4% per year, and the rate of return investors require to buy Coca-Cola's stock is 10%. Ca ...
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Question: Again, demand is QD = 32 - 1.5P and supply is QS = -20 + 2.5P. Now, however, buyers and sellers have transaction costs of $2 and $3 per unit, respectively. Compare the equilibrium values with those you calculat ...
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Question - The supply for cars Q s , depends on the price of cars P, and the price of steel P s . The demand for cars Q d , depends on the price of cars P, the price of car insurance P i , the price of bus tickets P b , ...
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Question - A. If the quantity demanded = 600 - 0.75 P, please show your work clearly in estimating the price elasticity of demand at a price of $220. Is demand elastic or inelastic at this price? B. If the quantity deman ...
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Question: Jones is one of 100,000 corn farmers in a perfectly competitive market. What will happen to the price she can charge if: a. The rental price on all farmland increases as urbanization turns increasing amounts of ...
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Question: The knowledge economy What leads to a patent race? Is such a race productive or unproductive? Hint: Think of how patents allow companies monopoly power for a temporary period. The response must be typed, single ...
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Question: What are the primary differences between private and public goods? Why might one be more efficiently provided by markets while the other is not? Explain. The response must be typed, single spaced, must be in ti ...
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Question: Suppose the price level in a particular economy equals 1.3 and that the quantity of real GDP demanded at that price level is $1,200. An increase of 0.1 point in the price level reduces the quantity of real GDP ...
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Question: Prehistory. No names or dates here. The key questions are how early human groups supported themselves; what kind of social, economic, and political institutions they developed to manage the resources of their e ...
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