One reason for government intervention in the economy is to
One reason for government intervention in the economy is to discourage the consuption of goods which have negative externalities. Carefully explain why and the extent to which these goods should be taxed.
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From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrank. At the same time, the average real wage of high school graduates fell.
A competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.
Explain why this statement and the assumption that net receipts will be zero at an output where marginal revenue equals marginal costs are wrong.
Atwood's Machine The two masses (m1 = 5.1kg and m2 = 2.5kg ) in the Atwood's machine are released from rest, with m1 at a height of 0.95m above the floor. Determine the pulley's mass
Where is the price of peaches, is income, is the price of apricots, and is rainfall. Assume that and .
Household wiring made of aluminum wire with cross-section area 3.1 x 10^-6 m^2 carries a current of 4.5 A. what is the power loss over 5.2 m of wire
A decision maker wishe to minimize the cost of producing a given level of total benefit, B = 288. The cost function is C = 6x + 3y and the total benefit is B = xy. Set up the Lagrangian adn then determine the levels of x and y at the minimum level of
In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:
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A rat is put into a room with a cat. The rat should be scared of the cat because the cat will eat her if given the chance
You know their home country has a history of medical racist practice against their ethnic group. How would you approach this conversation?
Problem: The trait approach to personality: Focuses on specific consumers traits as motivators of consumer behavior.
Problem: Which of the following was NOT a treatment option for those with mental illness in the 16th and 17th centuries?
Which of the following is an appropriate in-text citation for the following information? "Self-care is a way of being that recognizes the stressful nature
During a session with a client who was struggling with anxiety and frustration due to a complicated relationship with a coworker, Dr. Grande (2017) demonstrated
Sonia is now an adolescent, and she has been going through some changes in personality, emotions, view of herself, social skills, interpersonal relationships