Explain why each of the following statements is True, False, or Uncertain according to economic principles....

Question

Question

Explain why each of the following statements is True, False, or Uncertain according to economic principles....

Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate.

1. Suppose your neighbour cuts the lawn on Sunday mornings while you would enjoy quiet Sundays. This is an example of a negative externality, but if the neighbor values the activity at $30/week, and you value the quiet at $20/week, the efficient solution is for your neighbour to keep mowing.

2. In an economy with only two consumers and where the good can be provided at a constant marginal private and social cost, private purchases will provide the efficient amount of a pure public good.

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Add a comment

Answer 2

Similar Homework Help Questions

Explain why each of the following statements is True, False, or Uncertain according to economic principles....

Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important. a. An increase in consumer incomes will result in an increase in the price of any consumer goods. b. If the unemployment rate decreases, we can be sure that the number of unemployed workers has decreased.
Explain why the following statement is True, False, or Uncertain according to economic principles. Use diagrams...

Explain why the following statement is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. A4.7. If the $C exchange rate with the $US was 1 and the $C exchange rate with the Euro was 1.50, while the $US exchange rate with the Euro was 1.25, you could make a fortune trading these currencies.
[48 marks-6 marks each] True, False, or Uncertain Explain why each of the following statements is...

[48 marks-6 marks each] True, False, or Uncertain Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important tin tiels ... TL A1-4. If a country has a standard production possibilities boundary (PPB) between national defense goods and "other goods", then an increase in defense spending means that the opportunity cost of "other goods" will rise A1-5....

Are the following statements true, false, or uncertain? Explain your answer (c) If there are no...

Are the following statements true, false, or uncertain? Explain your answer (c) If there are no firms, only individuals trading with one another (an exchange economy), and everyone has the same marginal rate of substitution, then the allocation of resources is Pareto efficient. (d) Consider two social welfare functions, SWFA - U 2U2 and SWF min (Ui, U2)
1. True, False or Uncertain: For each of the following statements determne if the statement is...

1. True, False or Uncertain: For each of the following statements determne if the statement is TRUE, FALSE, or UNCERTAIN. You must justify your answer either graphically or algebraically. No credit will be given without an explanation. a. "Suppose that the CPI in Japan in 2015 is equal to 180 and the CPI in the United States in 2015 is equal to 165. Then the inflation rate in Japan was higher than the U.S. inflation rate between 2014 and 2015."...
For each of the following statements, indicate whether it is true, false, or uncertain and EXPLAIN...

For each of the following statements, indicate whether it is true, false, or uncertain and EXPLAIN WHY. a. In the long-run the typical monopolistically competitive firm earns no economic profit and that indicates that the firm is economically (productively) efficient b. Monopolists have complete pricing freedom as they seek to maximize profits. c. In the short-run, if price drops below the average total cost, the perfectly competitive firm must shut down immediately.

Indicate whether each of the following statements is true, false, or uncertain and explain your answer....

Indicate whether each of the following statements is true, false, or uncertain and explain your answer. Be sure to clearly define any concepts included in your answer and label all graphs. Suppose that inverse market demand for Firm A sweatshirts is P= 200 – 2QD and inverse market supply for these sweatshirts is given by P = 7.5 + ½QS. The economic incidence of a tax on Firm A sweatshirts will fall more on consumers than on producers. Dan’s Deli...
Please provide a detailed explanation for the following. Thanks! Explain why each of the following statements...

Please provide a detailed explanation for the following. Thanks! Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important. a. The fact that many developing nations have not finished building their wired communication networks and focused on wireless, while most developed nations have maintained their wired, and continued to build out their wireless networks can be explained...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...

I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...

Explain why each of the following statements is True, False, or Uncertain according to economic principles....

Homework Answers

Add Answer to:
Explain why each of the following statements is True, False, or Uncertain according to economic principles....

Post as a guest

Earn Coins