Homework Answers
Under such a case it is market that automatically play the role there is no need of government intervention so market will provide efficient amount of land for the park and there will be consumer surplus as cost is less than benefit they get.
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QUESTION 10 Suppose that there are 100 people in a town considering purchasing land for a...
QUESTION 10 Mosquito control is an example of a good that people get to enjoy without...
QUESTION 10 Mosquito control is an example of a good that people get to enjoy without paying for it: a nonrival good if used by one person cannot be used by another: a nonrival good O people get to enjoy without paying for it: a nonexcludable good Opeople must pay for to enjoy it: an excludable good QUESTION 11 Public roads get congested, suggesting that public roads are public goods rival O private goods O excludable QUESTION 12 To provide...
Can an expert please help me solve the question above? Some economists argue that private firms will not undertake the...
Can an expert please help me solve the question above?
Some economists argue that private firms will not undertake the efficient amount of basic scientific research and not rival in consumption public good Because general knowledge is not excludable This means the benefits of it is a basic scientific research available to many people. The private firm doesn't take this into account when choosing how much are research to undertake. Which of the following policies has the United States adopted...
The government is considering levying a tax of $60 per unit on suppliers of either concert...
The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by De (on the first graph), and the demand for bus passes is shown by D. (on the second graph). Suppose the government taxes concert tickets. The following graph shows the annual...
Macroeconomics When taxes induce people to change their behaviour—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from th
When taxes induce people to change their behaviour—such as inducing Jane to buy less pizza—the taxes cause deadweight losses and make the allocation of resources less efficient. As we have already seen, much government revenue comes from the individual income tax in many countries. In a case study in Chapter 8, we discussed how this tax discourages people from working as hard as they otherwise might. Another inefficiency caused by this tax is that it discourages people from saving.Consider a...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q. However, pollution generated by the production process creates a per unit external harm (i.e., negative externality) equal to 0.5Q (i.e., the level of the externality increases with the quantity produced). 16+1,5 Q (Social cret) 10+Q (private 0 36 45 Top a) What is the (unregulated) market equilibrium and quantity if the externality is not corrected for...
1) A bond is a ["financial contract: a borrower agrees to repay the amount that was...
1) A bond is a ["financial contract: a borrower agrees to repay the amount that was borrowed and also a rate of interest over a period of time in the future.", "risk-free investment", "type of stock in a company", "rate of interest"] and also a ["risk-free investment", "rate of interest", "guarantee of payment", "rate of business growth"] over a period of time in the future. A corporate bond is issued by firms, but bonds are also issued...
QUESTION 7 Suppose you often come home and find that an uninvited dog has left a...
QUESTION 7 Suppose you often come home and find that an uninvited dog has left a calling card in your yard. Determining whose dog is responsible is an example of which of the following? Holdout problem Assignment problem Free-rider problem Externality-internalization problem Transaction costs and negotiating problems 1 points Save Answer QUESTION 8 Which of the following suggests that when an investment has a personal cost but a common benefit, individuals will underinvest? O Holdout problem Assignment problem Free-rider problem...
True/False (T/F) _____1) The primary advantage of equity capital is that it does not have to...
True/False (T/F) _____1) The primary advantage of equity capital is that it does not have to be repaid with interest. _____2) The most common source of equity funds used to start a small business is an SBA loan. _____3) If an entrepreneur is not willing to risk funds in a business venture, other potential investors and lenders are not likely to provide capital either. _____4) Venture capital companies reject 90% of the proposals they receive because they don't meet the...
MICRO Economics ASSIGNMENT Total marks= 20 Answer the below questions. 1. The economy of the university...
MICRO Economics ASSIGNMENT Total marks= 20 Answer the below questions. 1. The economy of the university town of Avicenna produces two and only two commodities: yoga lessons, and triple lattes. The economy is able to produce any of the following combinations of yoga and lattes per day: CLO 1 [4 MARKS] Daily Production in Avicenna Combination Yoga Lessons Triple Lattes A 5000 0 B 4000 9000 C 3000 16000 D 2000 21000 E 1000 24000 F 0 25000 a) Using...
CASE 3.1 Eminent Domain SUSETTE KELO'S NONDESCRIPT, PINK CLAPBOARD Kil'I, MINK CLAPBOARD house sits above the...
CASE 3.1 Eminent Domain SUSETTE KELO'S NONDESCRIPT, PINK CLAPBOARD Kil'I, MINK CLAPBOARD house sits above the Thames River in the Fort Trumbull area of New London, Connecticut. It's surrounded by vacant lots, where neighbors once lived. One by one, these neighbors have left, and their homes have been razed. Their property has been taken over by the City of New London, which has used its power of eminent domain to clear the land where dozens of homes once stood in...
QUESTION 10 Mosquito control is an example of a good that people get to enjoy without paying for it: a nonrival good if used by one person cannot be used by another: a nonrival good O people get to enjoy without paying for it: a nonexcludable good Opeople must pay for to enjoy it: an excludable good QUESTION 11 Public roads get congested, suggesting that public roads are public goods rival O private goods O excludable QUESTION 12 To provide...
Can an expert please help me solve the question above?
Some economists argue that private firms will not undertake the efficient amount of basic scientific research and not rival in consumption public good Because general knowledge is not excludable This means the benefits of it is a basic scientific research available to many people. The private firm doesn't take this into account when choosing how much are research to undertake. Which of the following policies has the United States adopted...
The government is considering levying a tax of $60 per unit on suppliers of either concert tickets or bus passes. The supply curve for each of these two goods is identical, as you can see on each of the following graphs. The demand for concert tickets is shown by De (on the first graph), and the demand for bus passes is shown by D. (on the second graph). Suppose the government taxes concert tickets. The following graph shows the annual...
Part I Suppose that in the market for paper, demand is P=100 - Q. The marginal private cost of producing paper is 10+ Q. However, pollution generated by the production process creates a per unit external harm (i.e., negative externality) equal to 0.5Q (i.e., the level of the externality increases with the quantity produced). 16+1,5 Q (Social cret) 10+Q (private 0 36 45 Top a) What is the (unregulated) market equilibrium and quantity if the externality is not corrected for...
QUESTION 7 Suppose you often come home and find that an uninvited dog has left a calling card in your yard. Determining whose dog is responsible is an example of which of the following? Holdout problem Assignment problem Free-rider problem Externality-internalization problem Transaction costs and negotiating problems 1 points Save Answer QUESTION 8 Which of the following suggests that when an investment has a personal cost but a common benefit, individuals will underinvest? O Holdout problem Assignment problem Free-rider problem...
CASE 3.1 Eminent Domain SUSETTE KELO'S NONDESCRIPT, PINK CLAPBOARD Kil'I, MINK CLAPBOARD house sits above the Thames River in the Fort Trumbull area of New London, Connecticut. It's surrounded by vacant lots, where neighbors once lived. One by one, these neighbors have left, and their homes have been razed. Their property has been taken over by the City of New London, which has used its power of eminent domain to clear the land where dozens of homes once stood in...
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