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How does a TV broadcast have characteristics of a public good? What about cable services such as HBO?
What effects does this clinical competency exam have on the number of veterinarians practicing in the United States?
How would the adverse selection problem arise in the insurance market? How is it like the "lemon" used-car problem?
Why do some majors in college provide more powerful signals to future employers than others?
Why is the winner's curse unlikely for frequently purchased goods? Why would the winner's curse be more likely as the number of bidders increases?
Why does car insurance which explicitly excludes insuring the car for commercial use act to reduce moral hazard?
Why does favoring market mechanisms over command and control mechanisms not mean that a person wants no government whatsoever?
Why would means-tested transfer payments (such as food stamps, in which benefits are reduced as income rises) act like an income tax facing recipents?
Is a gas tax better described as reflecting the ability to pay principle or the benefits received principle? What about the federal income tax?
Why would the benefits received principle be difficult to apply to national defense and the provision of the justice system?
How can you be forced to pay for something you do not want to "buy" in the political sector? Is this sometimes good?
Why does the creation of a government program create a special interest group, which makes it difficult to reduce or eliminate it in the future?
Why are college students better informed about their own teachers' and schools' policies than about national education issues?
Why can we not say that two people who chose to buy the same quantity of a good at the same price have the same marginal utility?
If someone said, You would have to pay me to eat one more bite, what do we know about her marginal utility? What do we know about her total utility?
Why would you not continue to consume a good in the range where there was diminishing total utility?
Suppose it is All You Can Eat Night at your favorite restaurant. What happens to the marginal utility from successive helpings as consumption increases?
Suppose you currently spend your weekly income on movies and video games. how will you reallocate your fixed income between the two activities? Why?
Brandy spends her entire weekly budget of $20 on soda and pizza. What will happen to the marginal utility per dollar from pizza consumption?
How much marginal utility would you receive from a pizza that was delivered immediately after you finished a five-course Thanksgiving dinner?
Explain how the behavior assumed in the CPI conflicts with the way consumers actually respond to price changes.
What does this say about the likely marginal utility most people expect to get from the sixth pound of steak during that dinner?
How does the water-diamond paradox explain why there is such a poor correlation between the price of a good and the total utility a person receives from it?
Explain the book's distinction between newspaper racks, where the price allows you access to multiple papers.
What happens to the cost of growing strawberries on your own land if a housing developer offers you three times what you thought your land was worth?