The optimal provision for a public good is :
MRSA + MRSB = MRT
For a private good, equilibrium condition is: MRSA = MRSB = MRT
Answer: False
With public goods, we had the condition MRSA= MRSB = MRT in equilibrium. True False
True or False? Explain your reasoning. (i) All goods and services provided by the government are public goods I know the answer is False but I just don't know how to explain it well enough- please help me explain.
a) True or false: If goods are perfect substitutes, then the MRS can never equal 1. Expain. b) Suppose that there are two consumers, A and B, and two goods, X and Y. Also, suppose MRSA MRSB. Explain under what conditions an allocation of X and Y will be Pareto efficient. Be specific,
- 13. Discuss MRSA, VRE, and C. difficile Lô True or False 6 1. Methicillin-resistant Staphylococ- cus aureus (MRSA) is almost always spread by direct physical contact. s Once vancomycin-resistant enterococ- cus (VRE) is established, it is relatively easy to get rid of it. ở MRSA can be spread through indirect contact by touching objects contami- nated by a person with MRSA. Handwashing will not help control the spread of MRSA. VRE causes life-threatening infections in people with weak immune...
LU 8-9 PUBLIC GOODS What are the characteristics of public goods? How do pure public goods differ than pure private goods? Why is the marginal cost of allowing another consumer to enjoy the benefits of a pure public good always zero even though the marginal cost of producing the good is positive? How do congestible public goods differ than the pure public goods? How does the demand for a pure public good differ than that of a pure private good?...
True or False
1. Public goods are provided by the government or not at all. The second largest source of tax revenue for the federal government is social insurance taxes (Social Security and Medicare taxes). Other things equal, an economy's marginal willingness to pay for a non-rival good is likely to be higher the larger the population. Spending on the social security program is not included in the unified budget because it is “off-budget." Market failure cannot occur if non-rival...
Government or third-party intervention is necessary to ensure the economically efficient provision of public goods. True False
Question 21 The loop condition can be a complex condition involving several operators. True OR False Question 22 final int MAX = 25, LIMIT = 100; int num1 = 12, num2 = 25, num3 = 87; if(num3-5 >= 2*LIMIT) { System.out.println ("apple"); } else { System.out.println ("orange"); } System.out.println("grape"); What prints? A. Apple B. Orange C. Grape D. apple grape E. orange grape F. Nothing. Question 23 When we use a while loop, we always know in advance how many...
TRUE OR FALSE WITH EXPLANATION!!! A Nash equilibrium is necessarily a dominant strategy equilibrium. A competitive equilibrium is not necessarily Pareto efficient. In a world with two goods and constant product prices, an increase in a country’s endowment of one factor of production with the other factor unchanged results in an increase in the output of the good that uses the increasing factor intensively. A Pareto efficient allocation is attainable in the presence of externalities.
Resonance and equilibrium are the same. True False
1. True/False: An infinite loop occurs in a pre-test loop when a test condition can never be met. 2. True/False: An infinite loop occurs in a post-test loop when a test condition can never be met. 3. True/False: The following statement will generate a loop with four iterations: for(count = 4; count > 0; count--) 4. True/False: The problem with a do...while loop is that the test condition cannot be a compound condition. 5. True/False: The following test...