ECON 100A Public Goods and Coase theorem April 29-May 2 Part I Public Goods A good is a (pure) public good if once produced it meets two criteria: 1. Non-rival - A good is non-rival if consumption of additional units of the good involves zero social marginal costs of production. 2. Non-excludable - A good is non-excludable if it impossible‚ or very costly‚ to exclude individuals from benefiting from the good. Taking these two criteria we can categorize goods into four groups. Rival
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The importance of good communication skills in business Communication plays a part in almost every aspect of your business‚ so being able to communicate well can boost your overall performance. Good communication is essential to building a cohesive and effective team. Good communication skills are essential to managing the performance of your team members‚ and if you know how to communicate well to large groups you can minimise the risk of industrial problems developing in your workplace.
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Good Parenting There is no such thing as a perfect parent. As a parent‚ one must keep their child safe‚ enable them to fulfill their potential‚ and make sure they’re healthy‚ happy‚ and thriving. Parents who try to follow instruction manuals for children are going to find it difficult‚ because no two children are alike. Parents simply have to adapt to the needs of a child. Good parents set rules and boundaries. They discipline their children‚ but still treat them like human beings. I’m not a
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A Good Parent How to be a good parent? During this period‚ raising children is the most difficult job in the world. But to be a good parent will teach them to become a nice person. So the most important quality of a good parent is being responsible for their children. There are several qualities of a good parent. The three most important qualities of a good parent are express love‚ helping your children feel safe‚ and spending a time with your children. The first quality of good parents is express
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Bible talk about wisdom Intro: Good morning class and fellow students today I am going to talk wisdom‚ and how we can use it in our daily life. But first let me ask a question to the class. What is Wisdom? What is the purpose of wisdom? Knowledge guided by insight and understanding. Reverence for God is the source of wisdom (Proverbs 9:10). In order to receive wisdom we must ask God for this guidance in our time of need. For example‚ if we are being pressured by our peers‚ asking God for wisdom
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A GOOD COLLEAGUE We spend more time with our colleagues during weekdays than we do with our family. Therefore‚ it is important for our co-workers be the people we can get along with. Good colleagues share some characteristics. Colleague who want to be a good colleague should be friendly and responsible. The first significant characteristic of a good colleague is being friendly. Firstly‚ if you want to be a good colleague
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Vision .Most good leaders have great vision. They know where they want to go and they know how to motivate people to believe in this same vision they have for their community‚ country and their lives. They view things as what they could be and not what they are. 2. Wise Being a good leader usually means that they have to make critical calls at assorted points in their organization. Having the knowledge to make the correct call is crucial in making sure the organization is successful. Good leaders are
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Citizenship A good citizen is one who properly fulfills his or her role as a citizen. There are many opinions as to what constitutes a good citizen. Theodore Roosevelt said‚ "The first requisite of a good citizen in this Republic of ours is that he shall be able and willing to pull his weight." Education is sometimes viewed as a prerequisite to good citizenship‚ in that it helps citizens make good decisions and deal with demagogues who would delude them. Human beings are used to living under laws
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18.2 Good or Service Mr. Gulash lived in Shelton‚ Connecticut. He wanted an above- ground swimming pool installed in his backyard. Gulash contacted Stylarama‚ Inc. (Stylarama)‚ a company specializing in the sale and construction of pools. The two parties entered into a contract that called for Stylarama to “ furnish all labor and materials to construct a Wavecrest brand pool‚ and furnish and install a pool with vinyl liners.” The total cost for materials and labor was $ 3‚690. There was no breakdown
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Good governance is a precondition for economic development. The quality of governance plays a vital role in the economic development of countries. The need for good governance is widely recognised in today’s discourses on development. The exhortation for good governance to achieve economic development is widespread. Last week we quoted President Obama who said that what Africa required was not strong men but strong institutions and good governance. President Obama who underscored the importance of
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