New deal and recovery programs
Problem: Franklin D. Roosevelt ' New Deal in the 1930's aid US to go through the depression. There were famous three Rs: relief, recovery and reform. Can I know what was the recovery? and what programs did he pass for recovery?
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Identify similarities and differences between common goods, public goods, private goods, and natural monopolies. Provide an example of each type of good and justify your answers.
Question : "Some pollution may be economically efficient." Discuss. Be sure to define any technical terms you may use.
Problem: Use economic analysis to evaluate the following statement: The only amount of acceptable pollution is no pollution at all.
1) Explain why a public utility such as electricity is referred to as a "natural monopoly." 2) Explain how and why an average cost pricing policy is applied to public utility.
Franklin D. Roosevelt ' New Deal in the 1930's aid US to go through the depression. There were famous three Rs: relief, recovery and reform. Can I know what was the recovery? and what programs did he pass for recovery?
Suppose P = 20 - 2Q is the market demand function for a local monopoly. The marginal cost is 2Q. If fixed costs are zero and the firm engages in two-part pricing, the most profits the firm will earn is:
1) What are the approximate Herfindahl and four-firm concentration ratios for these firms in each industry? 2) If you were Mattel's economist, which industry definition would you suggest using in court if you were challenged by the government?
Using a graphical analysis and assuming profit maximization, how might you justify eBay's decision to charge a fixed annual fee of $30, without a per call charge, for SkypeOut?
Should government create conditions of pure competition for all business? In your answer consider water companies, restaurants, and airlines.
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