Name: Shashwat Mittal Class: III C Roll No.: 10/127 Tutorial Group: C14 PUBLIC ECONOMICS ASSIGNMENT 1 AND 2 Assignment 1 44. Two categories of public goods are non-rival consumption goods and non-excludable goods. Discuss the similarities and differences between these two types of goods. If a good is non-rival in consumption‚ does that mean that it is also non-excludable? If a good is non-excludable‚ does that mean it is non-rival in consumption? Why might the market produce non-rival goods
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With this‚ he offers a philosophical approach to a new world where‚ instead of giving to charity‚ everyone living in these affluent nations ought to make it their duty to give anything of excess to those suffering across the globe and live at the marginal utility‚ which he would prefer. He also offers a less drastic option of moderate assistance wherein those who are able to assist ought to‚ as long as it does not create a similar moral dilemma. Critics argue that rewriting the moral scheme from
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Question 6 Use Figure 6.5 to determine: a) How many baskets of fish should be harvested at market prices of i. $9? The farmer should harvest 3 baskets in order to gain the maximum profit. ii. $13? The farmer should harvest 4 baskets in this case to maximize profits. iii. $17? The farmer should maximize profits by harvesting 5 baskets at $17.
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What type of externality (positive or negative) is described? (2pts) Positive externally. Is the marginal social benefit of the activity greater than or equal to the marginal benefit to the individual? (1pt) Mrs. Chau does not get as much satisfaction looking at the flowers as do people passing by‚ so the marginal social benefit is more for all of the people who enjoy them while the marginal benefit is less for Chau.
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Economics 301 Intermediate Macroeconomics Exam #1 Fall‚ 2013 Prof. Twomey Please print your names on the back of the last sheet. Answer on these sheets‚ using the backs of the sheets if you need extra space. The weight of each question is indicated. Please ask for clarification if any question is unclear. Time: the entire class. 1) Identify the following with a sentence or at most two (20 points): a. Endogenous variable b. Classical dichotomy c. National income accounts identity
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BACHELOR OF COMMERCE (B.COM.‚) PAPER – 2.1 MANAGERIAL ECONOMICS UNIT – I CHAPTER - I SECTION - I Definition of Managerial Economics Managerial economics refers to those aspects of economics and its tools of analysis most relevant to the firm’s decision-making process. According to MeNair and Meriam‚ managerial economies consists of the use of economic models of thought to analyze business situations. Some writers consider managerial economics as the integration
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sending all the males to hell Peter sent the four innocent females to heaven along with the guilty female. This example shows that an argument like that is absurd to determine the fate of the people in the afterlife. This would be the same in the marginal cases. Just because one animal species lacks that quality does not mean all the animals in that species
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INTRODUCTION TO COURSEPACK FOR PROFESSOR MORELAND’S ECONOMICS 202 Welcome to the wonderful world of MICROECONOMICS. This coursepack provides material that will aid you in your study of microeconomics. You are responsible for all of the material in this coursepack. If you have difficulty interpreting graphs‚ please review the refresher page on graphs that follows. After this graphical exercise‚ material will generally follow in the order for the sections listed in your class syllabus. This
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Calculate Mr. Browning’s BMI and interpret the result. Mr. Brown BMI is 18.3 which is underweight. He would be considered underweight due to the BMI Discuss two additional specific assessments you would perform‚ including the rationale for each. Two specific assessment that I would perform on Mr. Browning would be 1.Screening Assessment it is used to " determine deficiencies or excess in the diet to identify risk factors for nutritional problems."(pg.918 Treas) I would first perform
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The models of the economic growth‚ which examine the long-run rise of economy’s production capacities‚ allow specialists to have a wider outlook at the current economic problems appearing within the countries and at the international arena from the side of the whole historical process of economic development. The main concern of these models is more general and probably more important issues in economics‚ such as changes in the standards of living‚ development of scientific and technological progress
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