Compare and contrast private and public goods. Explain how the characteristics of a public good lend itself to having free-riders. Give an example.

Q: What is the pront hiring workers whose wages exceed the added production? WHat wages are value of th...

A: At market  equilibrium demand and supply are  equal at certain wage rate. And minimum wage rate is t...

Q: Suppose Ginny is an avid reader and buys only comic books. Ginny deposits $3,000 in a bank account t...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Darien invests $10,000 in an account that pays 3.2% interest per year, compounded semi-annually. Wha...

A: Here we calculate the amount after 3 year by using the given information , so the calculation of the...

Q: Next question ne graph shows the market for basketballs, when sellers are taxed $6 a ball. Price (do...

A: An elastic demand is one in which the adjustment of amount demanded because of an adjustment of cost...

Q: The following data is provided for a PPP project. To the People To the Government $1.8 million now a...

A: Given; Benefit= $95000 per year Cost= $1.8 million now and $200000 every three year  Disbenefit= $35...

Q: With diminishing marginal utility, how do consumers decide how much to consume? Students are expecte...

A: A utility is the satisfaction derived from the consumption of goods and services . Utility is measur...

Q: 2) Explain the role of Lambda coefficient in measuring the firm's liquidity,

A: LAMBDA :            Lambda is defined as the amount of leverage employed by an option. *In financial...

Q: 16. How prices allocate resources Suppose that there are three beachfront parcels of land available ...

A: A good is sold as long as its price is at least seller's cost of production and still less than buye...

Q: A business has found that it can sell 680 items if it sets its price to $66.9. However, if it lowers...

A: When the price is $66.9, then the quantity sold is 680 items. When the price is $40.19 then the quan...

Q: Imposing a sales tax on sellers of a product has an effect that is similar to which of the following...

A: Implementation of sales tax on the sellers will affect the supply of the goods.

Q: Consider the following scenario to understand the relationship between marginal and average values. ...

A: Game free throw percentage= Free throw made/Free throw attemptedAverage free throw percentage=(Total...

Q: What would happen if you couldn’t withdraw your money from the bank?

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: A production possibilities curve can shift inward if there is a. an increase in productivity b. an ...

A: We discuss here what happens in each of the scenario. a. an increase in productivity: In this case w...

Q: How much do ten ₱ 5,811 quarterly payments amount at present, if the interest rate is 2 compounded q...

A: Given the quarterly payment = 5811 Interest rate = 2%/4 = 0.5% Number of compounding period = 10  

Q: Mortgage pools that are generally broken up into tranches, repackaged, and marketed to investors as ...

A: A mortgage refers to the credit that is for  buying or maintaining a home, land, or other piece of r...

Q: the MPS in an economy is 0.25, government could shift the aggregate demand curve leftward by $60 bil...

A: The multiplier value will decide actual level of change  expenditure to produce certain effects. 

Q: Joe and his daughter Ally finally have something in common.  They both just quit their jobs.  Econom...

A: Unemployment: Unemployment is an economic situation in which all those individuals who are actively ...

Q: In the rural area of a large agricultural-based economy in which corn is the staple food, there are ...

A: A perfectly competitive market is the one where there are large number of buyers and sellers of the ...

Q: What is the nominal value of the interest compounded continuously for a period of 3 years if the val...

A:

Q: Are Hospital and Outpatient Care Substitutes or Complements? gnitude. rospect to be far off the targ...

A: The RAND Corporation focused on determining whether inpatient and outpatient care are complementary ...

Q: Suppose $55 is the equilibrium price in the bicycle market. The equilibrium quantity is 30 bicycles....

A: The consumer surplus is given as the area of the triangle above the equilibrium price and line and b...

Q: A company purchased an equipment with the initial cost of 50000$. The annual operating cost of the e...

A: Net present value (NPV) is the difference between the present value of cash inflows and the present ...

Q: . On the planet of Unjustice, the velocity of money is constant. The growth rate of real GDP is by 6...

A: Here we calculate the real interest rate in the planet of unjustice by using the given information ,...

Q: ovens in which his workers bake the pizzas. Felix signed a lease obligating him to pay the rent for ...

A: Since number of workers can be changed, workers are variable inputs. Number of ovens is fixed. So ov...

Q: Recent history of the developing country financial crisis.  only need names and little explanation ...

A: The financial and economic crisis made a huge impact on developing countries, however, the effects w...

Q: Could the marginal rate of substitution be 5 at point C? Justify your answer

A: Optimal choice - It is the best combination of goods which will lead to the best satisfaction of the...

Q: Enumerate the major characteristics of research and explain each.

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...

Q: Draw the indifference curves when X is fake news or hoax, Y is journalist’s work winning the Pulitze...

A: Optimal choice - It is the best combination of goods which will lead to the best satisfaction of the...

Q: What is the accumulated amount of a 8-year annuity paying ₱ 3,838 at the end of each year, with inte...

A: Annuity is the periodic payment amount continuously . There are two type of annuity  1. Annuity due ...

Q: Suppose that a perfectly competitive firm faces a markęt price of $5 per unit, and at this price the...

A: Perfect competition occurs in economic theory when all companies sell identical products, market sha...

Q: A company issued 50 bonds of P 1,000.00 face value each, redeemable at par at the ends of 15 years t...

A: Given: A company issued 50 bonds of = P1,000 face value each Redeemable at par at the end of = 15 ye...

Q: #1: A lower income economy starts off with a per capita GDP of $5,000. How large will the per capita...

A: Since we answer 1 question at a time, question 1 will be answered here. Please reupload the question...

Q: Which of the following is not a fixed cost?

A: C.Front Office Pay

Q: Consider some determinants of the price elasticity of demand: • The availability of close substitute...

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost th...

Q: What did the McKinnon and Shaw predict about the movements of interest rates once financial markets ...

A: We have show that, McKinnon and Shaw predicted that interest rates would rise when it càme to financ...

Q: The cost of making a packet of the food in the year 2015 is RM20. Calculate the corresponding cost i...

A: Given information 4 Raw material for food preparation Prices in year 2015 and in year 2017 Price ind...

Q: a) Is (A, B) a separating or pooling equilibrium? b) Suppose the economy has 90% low risk types and ...

A: Rothschild and Stiglitz model is the competitive equilibrium model of the insurance market in which ...

Q: The demand for good X has been estimated by Q xd = 12 - 3Px + 4Py. %3D Suppose that good X sells at ...

A:

Q: An individual leaves a college faculty, where she was earning $70,000 a year, to begin a new venture...

A: Accounting profit will be  ? Explanation : By adding all the cost of her business which includes off...

Q: Really need some help answering these questions, it’s all one problem but I understand that it’s kin...

A: Solution: Consumer 1: U(x1, x2) = x1 x2    

Q: $3,300 $8 $2,400 $2,400 1. 2 4. End of Year

A: The cash flow means to the net amount of cash flow(cash equivalent) is transferred in and out from a...

Q: A new policy requires all automobiles to be equipped with side airbags. Assuming the airbags increas...

A: Here, it is given that a new policy is implemented, according to which all automobiles are required ...

Q: C2 ... PPF1 12 (0,0) Leisure, I PPF3 Based on your observations from A and B, how do you think that ...

A: We can see that labor supply has not changed from the diagram. Because in both socially optimum poin...

Q: According to the CPI the inflation rate last year was 4.5%. Mariette's income increased by 5%. What ...

A: According to the CPI, the inflation rate last year was 4.5%. Mariette's income increased by 5%. What...

Q: Show Solution  If the inflation rate is 8% and cost of money is 12%, what interest rate will take c...

A: Inflation is the rise in the prices of goods and services. It decreases the purchasing power of good...

Q: A man wishes to have P35,000 when he retires 15 years from now. If he can expect to receive 4% annua...

A: Formula for future value of annuity due is as follows, F = (1 + r) * A * [{(1 + r)n - 1} / r]

Q: Exhibit 30-3 Costs of Eliminating: Firm A Firm B Firm C lat ton of pollution $ 30 $ 50 $ 600 2nd ton...

A: Given are the cost of eliminating 4 tons of pollution for each firm A, B and C. There are two cases ...

Q: Power cost is P2 per kWh. If money is worth 20%, how many hours per year would the motors have to be...

A: The breakeven point is the level of production at which the costs of production equal the revenues f...

Q: Required information PEMEX, Mexico's petroleum corporation, has an estimated budget for oil and gas ...

A: ANSWER   Estimate life is same for all alternatives which is 20 years. Find the PW using the rule PW...

Q: A new civil engineer employee start a savings plan in which he saves P 10,000 each year for 15 years...

A: Given: Annual amount=P10000 Duration=15 years Rate of interest=10% Note: Due to multiple questions b...