We add the demands of private goods horizontally but add the demands of public goods vertically when determining the associated marginal benefit to society. Why do we do this, and why are the procedures different for public and private goods?

Q: The was formed in 1969 when Bolivia, Chile, Ecuador, Columbia, and Peru signed the Cartagena Agreeme...

A: Cartagena Agreement was related to biosafety.  

Q: Consider the following payoff matrix for a simultaneous move game. PLAYER 2 Strategy R U (10,5) (10,...

A: Given Game Dominated strategy which player never wants tp play irrespective what opponent plays.

Q: What are the major factors causing a shift in aggregate demand (inward or outward)?  What are the ma...

A: Answer: Aggregate demand: aggregate demand refers to the total demand for goods and services produce...

Q: The popularity of the leader of a nation can affect the value of their currency. If the President of...

A: Exchange rate refers to the value of the domestic currency measured in terms of a foreign currency. ...

Q: Engineering economics Topic: Deferred annuity Question: Find the present worth of a series of equal ...

A: Given the quarterly payment, A = 750 Number of compounding periods, n = 18 years x 4 = 72 Interest r...

Q: A firms labor demand and labor supply equations are shown below. Labor demand equation: Ld = 40- 2(w...

A: The information given is as follows:- Labor demand = Ld = 40 - 2(w) Labor supply = Ka = 20 + 3(w) We...

Q: ssible, it should tax: The good with unit elasticity of demand and unit elasticity of supply The goo...

A: Businesses eliminate deadweight loss in the long run by changing prices to attract customers. Firms ...

Q: 3

A: 7x + y + 3 = 0 ------------ (i)  2x + 5y – 11 = 0 ------------ (ii)  (1). Here, a₁ = 7, a₂ = 2, b₁ =...

Q: • Engr. Odon is paying a loan five thousand pesos 1% quarterly for 3 years. If the payment is to sta...

A: We have: loan payment = 5,000 pesos Time (n) = 3 years Interest rate = 1%   

Q: 2) Last year, Alice carned $36,000 from her job. During the same year, she saved $9,000. a. What was...

A: a) Given that, Alice earned $36000 Ans she saved $9,000 The rate of saving is given by: = (9,000/36,...

Q: Match the following(Theories of Demand for Money): LIST 1 LIST 2 1) Inventory Approach 2) Restatemen...

A: "Correct option is 1) III, 2) IV, 3) I, 4) II."

Q: discuss double taxation that is good for 2 minutes.

A:

Q: A Managment instutute can operate for a maxium 12 hours .lectures are the outout of the institute an...

A: A function asserts the relationship between one input and one output, or many inputs to yield a sing...

Q: Supply Price $80 $40 320 Quantity Supplied Producer surplus in the figure above is equal to (market ...

A: Given market price = 80 $ Quantity traded = 320 units Minimum price of supplier = 40    

Q: An increase the U.K. interest rate the demand for U.S. dollars and so the U.S. dollar O a. does not ...

A: Impact of higher interest rate:-  If interest rates are raised, investment would be discouraged beca...

Q: What are the determinants of demand? What happens to the demand curve when any of these determinants...

A: the factors that cause a change in the demand and quantity demanded of the goods are called determin...

Q: e equilibrium exchange rate is 0.70 euros per dollar. At this exchange rate, the quantity demanded e...

A: According to the question, The equilibrium rate is 0.70 euros to the dollar. The quantity required e...

Q: (Q4) Explain carefully why a chemical plant polluting the atmosphere might generate a negative produ...

A: The marginal cost of pollution is the additional environmental cost incurred as a result of producin...

Q: The minimum wage has its greatest impact on the market for teenage labor. Oa. True Ob. False

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor employe...

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A: In the perfectly competitive market, the price is decided through the market. An individual firm doe...

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A: Given: The birth rate of the US = 12.5 births per 1000 people The death rate =  8.2 death per 1000 p...

Q: The below graph shows the demand and cost curves for ABC Electric Co, a natural monopoly in a small ...

A:

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A: A recession is a period of economic contraction. During recession businesses experience decreased de...

Q: QUESTION 44 According to the textbook, one likely short-term effect of NAFTA was that many U.S. and ...

A: The NAFTA is the trade agreement between United States, Mexico, and Canada to have a free cross-bord...

Q: Describe how to establish the "approximate price level" using demand-oriented, cost-oriented, profit...

A: Methods for estimating a "price-lever" include: Demand-driven strategy We determine an approximate p...

Q: If the coffee's demand function is q = 192 – p², at what price where the b. %3D - revenue is maximiz...

A: Q q=192-p2We know 5hat Total Revenue(TR)=p x qTherefore,TR=p(192-p2)     =192p-p3∂TR∂p=MRMR=192-3p20...

Q: explain the four (4) ambitious targets Open Budget Survey sets to achieve open budgets within five y...

A: To find : Four ambitious targets

Q: Give ways/ideas that the international community can establish to boost women’s empowerment in decis...

A: Answer -

Q: Suppose a consumer lives in two periods, with his income in period 1 as $100 and his income in perio...

A: Utility maximizing consumption bundle is when MUC1 / MUC2  = 1 + rWhere MUC1 = Marginal utility from...

Q: 公。 云 * 00 T QUESTION 26 Consider the following table for Spain and France in which output for grapes...

A: Absolute advantage occurs when a country can produce more of a particular good with the same given r...

Q: na given market the equilibrium quantity increased, yet the price remained the same. Which of the fo...

A: Eqm(equilibrium) is the market is determined by the intersection of dd(demand) and ss(supply) curves...

Q: The law of diminishing marginal product holds that as a variable input increases while other inputs ...

A: The law of decreasing marginal product asserts that once a certain degree of consumption has been re...

Q: Consider the closed-economy model of the money market in which, the demand for real balances depends...

A: Given information Money demand function M/P=L(i,Y-T) M/D= real money demand  i= interest rate Y-T= d...

Q: Assume that people will spend $0.60 of every extra dollar they earn. Further assume that the real in...

A: According to the question, "people spend $0.60 of every extra dollar they earn" this means marginal ...

Q: in both cities; and (11) third-degree price discrimination. difference in profits between these two ...

A: A monopolist firm setting two different price level in two cities A and B with respective demand fun...

Q: How can a society reach a socially efficient equilibrium basing it on the Coase Theorem if a vaccine...

A: In a market with externality, there used to be different market outcome than the socially optimal ou...

Q: Is it even better for perfectly competitive firms to produce output even though it is losing money? ...

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

Q: Which of the foliowing is a correct statement for a floating exchange rate regime : Regular interven...

A: An international exchange rate, also said as a foreign exchange rate. It is the price of a currency ...

Q: The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame ...

A: When a linear function is subjected to many constraints, linear programming, a mathematical modeling...

Q: You have a plant that produces copiers for sale. Your costs for producing copiers are 1: $42, 2: $44...

A: The table attached below show total costs (as given in question) and marginal cost which is computed...

Q: Engineering Economics 2-) We have a five-year contract, compounded quarterly, at a rate of 16% per y...

A: 5 Year Contract per quarter Amount = $12 million interest rate = 16% per year  

Q: If the Fed increases the money supply in response to higher inflation, this represents a movement al...

A: Answer is False The movement along the demand curve is a result of change in price level, whereas a...

Q: nges and Salaries. $1300 rsonal Income Taxes. 90 yroll Taxes (e.g. Social Security tax) 85 come Rece...

A: 1. GDP using income approach is calculated using the formula  = Total national income + Sales taxes ...

Q: Compare and contrast the views of neoclassical economists, environmental economists, and ecological ...

A: The market is explained by Neoclassical economics in terms of human preferences for specific commodi...

Q: You’ve been hired as a consultant by a monopoly. You discover that the demand curve facing the monop...

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a comp...

Q: There is a one-period supply shock where o = 0.10. Assume inflationary expectations are adaptive so ...

A: O = 0.10πe = πt-1 After the supply shock,O = 0

Q: Refer to the accompanying figure. For the nation whose PPC is shown, it must be true that Milk (gall...

A: Production possibility frontier shows the different combinations of two goods that can be produced w...

Q: Rock-paper-scissors is a game in which players typically use mixed strategies. Can you think of othe...

A: The theory for conceiving social situations among the players that are competing and producing optim...

Q: There will never be full employment in the Australian economy. Do you agree? Explain your answer

A: In an economy, full employment refers to the situation when economy is able to generate it's potenti...

Q: Suppose Bilbo Baggins is deciding on whether to buy a sword or a bag of golden cups. If he has a uti...

A: