Problem Set #2
Graduate Level Problem Set. First question is in relation to the article the Population Problem: Theory and Evidence by Partha Dasgupta.
Question: (a) Explain the impact of external costs and external benefits on resource allocation; (b)  
Describe the problem of What to produce?
The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve
An acre of Manhattan is worth additional than an acre of prime Iowa farm land due to differences in: (1) perpetuities. (2) time preferences. (3) site values. (4) interest rates. (5) taxes. Can someone explain/help me with best solu
The resources of a firm in the long run which has consistently suffered economic losses are probably to: (i) move into a more profitable industry. (ii) share losses equal to the firm’s fixed costs. (iii) be merged into a firm along with better m
Assume that Ben & Jerry’s Ice Cream purchases a big dairy farm and some sugar cane farms. Ben and Jerry’s Ice Cream is practicing: (i) Vertical integration. (ii) Horizontal integration. (iii) Monopolization. (iv) Industrial concentration. (v) Conglomer
In a competitive pricing strategy how does one can arrive for a multi-service practice where there are no specific products in question?
Not among main deficiencies of the current welfare system is which it sometimes: (w) gives low benefits to the poor relative to total budgetary outlays. (x) collects taxes from the poor to provide benefits to the rich. (y) yields effective marginal ta
Can someone please help me in finding out the accurate answer from the following question. The monopsonist will hire the labor until labor's marginal resource cost equivalents the: (i) Marginal revenue product of the labor. (ii) Marginal physical product. (iii) Value
Explain different thought of economists for law of equivalent marginal advantage.
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