QUESTION 43Which of the following is an example of the "free rider problem?"O A consumer uses a grocery coupon to receive one free can of beans when they buy one.O Getting a free ice cream at Graeters since you have eamed enough points fro the cone.O Drivers on the new public highway towards the Intel site.OA thief steals someone's walet and uses the cash to buy lunch.QUESTION 44In the presence of a negative externality the costs of production only incurred by the firm areO a. The external costsOb The exterior costsOc Private costOd. The public costs.QUESTION 45The wage is to labor asO a Rent is to entrepreneurshipO b. Price is to human capitalOc. Interest is to economic capitalO d. Profit is to financial capital.A

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Which of the following is an example of the "free rider problem?" O A consumer uses a grocery coupon to receive one free can of beans when they buy one. O Getting a free ice cream at Graeters since you have eamed enough points fro the cone. O Drivers on the new public highway towards the Intel site. OA thief steals someone's walet and uses the cash to buy lunch

Which of the following is an example of the "free rider problem?" O A consumer uses a grocery coupon to receive one free can of beans when they buy one. O Getting a free ice cream at Graeters since you have eamed enough points fro the cone. O Drivers on the new public highway towards the Intel site. OA thief steals someone's walet and uses the cash to buy lunch

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter18: Public Economy

Section: Chapter Questions

Problem 6SCQ: Anastasia, Emma, and Greta are deciding what to do on a weekend getaway. They each suggest a first,...

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7:32 AM 0.1KB/s O 63 expert.chegg.com/expei Chegg Home Expert Q&A My answers Time remaining: 00:09:22 Economics Aristotle made a key distinction between what he called 'natural' and 'un-natural' exchange. For this assignment, answer the following two questions in a page or so. 1. What is 'un-natural' exchange and why was Aristotle so worried about it? 2. How did the feudal system, via 'Canon law', manage economic and market activity?
Four roommates are planning to spend the weekendin their dorm room watching old movies, and theyare debating how many to watch. Here is theirwillingness to pay for each film:Dwayne Javier Salman ChrisFirst film $7 $5 $3 $2Second film 6 4 2 1Third film 5 3 1 0Fourth film 4 2 0 0Fifth film 3 1 0 0a. Within the dorm room, is the showing of a moviea public good? Why or why not?b. If it costs $8 to stream a movie, how many moviesshould the roommates stream to maximize totalsurplus?c. If they choose the optimal number from part (b)and then split the cost of streaming the moviesequally, how much surplus does each personobtain from watching the movies?d. Is there any way to split the cost to ensure thateveryone benefits? What practical problems doesthis solution raise?e. Suppose they agree in advance to choose theefficient number and to split the cost of the moviesequally. When Dwayne is asked his willingness topay, will he have an incentive to tell the truth? Ifso, why? If not, what will he…
The table shows the Gabrielle's total staty from manicures What is Cat's total unity when she boys 4 manicures? What is the marginal unity she receives from her fourth manicure? When Gabriele buys 4 manicures, the totalutty that she receives units Gabrieles marginal uity from the fourth manicure is units Marginality OA increases a more of a good is consumed OB has no relationship oluy Oc the chance in total usey that results from Manicures (per 0 1 2 4 5 Total uality 8 50 90 122 150 176
4. Four roommates are planning to spend the weekend in their dorm suite watching old olent atsomos movies, and they are debating how many to watch. The table below contains their willingness to pay for each film. 1st film 2nd film 3rd film 4th film 5th film John $7 $6 $5 $4 $3 bhag 12 Seiner Paul $5 $4 $3 $2 $1 van sit Vedda noinwo (hose il qalihe: 0x sla 2102 gulden et 150 yebesnbew sho George $3 $2 $1 $0 $0 olboed yd bacoes maldong taboog diktug ton one forld amesi sbivond themsvde sa asob vrlw Ringo og $2 $1 $0 $0 $0 20607) 1610A (b 2)99712 vdio (9 mag mize itsinsrof wall (d e. Suppose they agree in advance to choose the efficient number of movies and split the cost based on willingness to pay. Does John have an incentive to tell the truth? Why or why not? panini
Table 1Buyer Willingness To PayLori $50.00Audrey $30.00Zach $20.00Calvin $10.002. Refer to Table 1. If the price of the product is $15, then who would be willing to purchase theproduct?a. Lorib. Lori and Audreyc. Lori, Audrey, and Zachd. Lori, Audrey, Zach, and Calvin3. Refer to Table 1. If price of the product is $30, then the total consumer surplus isa. $-10.b. $-6.c. $20.d. $30.
Four roommates are planning to spend the weekendin their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: a. Within the dorm room, is the showing of a movie apublic good? Why or why not?b. If it costs $8 to rent a movie, how many moviesshould the roommates rent to maximize totalsurplus?c. If they choose the optimal number from part(b) and then split the cost of renting the moviesequally, how much surplus does each personobtainfrom watching the movies?d. Is there any way to split the cost to ensure thateveryonebenefits? What practical problems doesthis solution raise?e. Suppose they agree in advance to choose theefficientnumber and to split the cost of themoviesequally. When Judd is asked his willingnessto pay, will he have an incentive to tell thetruth? If so, why? If not, what will he be temptedto say?f. What does this example teach you about theoptimalprovision of…
1. Consider the following conversation.CHAD: “None of the COVID-19 vaccines in Canada has full Health Canadaapproval, and if you get injured from the vaccines, then the pharmaceutical companiesare not liable. Furthermore, the vaccines do not prevent against the spread ofcoronavirus, though they may reduce symptoms. However, their efficacy wanes aftera few months.”VIRGO: “Vaccines have helped humanity to conquer diseases like tetanus andsmallpox. Why are you saying that vaccines don’t help at all?”Which logical fallacy does Virgo commit?(A) Argument from authority.(B) Ad Hominem.(C) Post Hoc Ergo Procter Hoc.(D) Straw Man.
called plaging a Jame Chicken They eash drive thair car down Hhe center of the voand in opporite direcfions Each chocses ei ther SwerveIf botth swerve, no boy wins stags and one Swerves, Hhe ove O Suppose Etie and Joshug "stag" br loses any thing.If one or one who stags wins $2 Awo dollans) from the one who severves. If both stay, they wrack the cans and need ear to rapair earh Car. normal farm. O Represent the goone in a O Find all flarh Epui librica Jos hug imit leanned that E ddie has a mickmome " Fnst Eltie'! a buays make his dairinm af ter as he, is quick and can obierung his opponents fecision' o Represent the gane in an extencive furm. A Find the vaamnable autrome of this game using backwrand in Juctin.
In 2006, the Australian Government incorporated research into corporate social responsibilities to determineif there is a need to include social and environmental responsibilities within the Corporation Act throughamendment procedure. It was decided not to incorporate a particular regulation through legislation, insteadrely upon the 'market forces' to encourage companies to do the 'right thing'. This viewpoint was expressedthat if companies did not look after the environment or did not act in a socially responsible manner, peoplewould not want to consume the organisations' products. From the equity market perspective, potentialinvestors would not want to invest in the organisations, and further workers wouldn't want to work for them,and so forth. Because companies were aware of such market forces, they would do the 'right thing' even inthe absence of legislation.Requirement:1) Using theories such as Public Interest Theory, Capture Theory and Economic Interest Group Theoryto critically…
Reler to the producton possbity frortier below tor a town that produces Ice creams and Jelly beans. The maximum amount of loe creame is 50o0 with no Jety besne, or 20,000 Jely beans with no loe creams CREAMS 20,000 Answer brietly these TWO questions in the box space provided below Part A Assuming efficient production, derive the maximum amount of Jelly beans that can be produced along with 300 loe creams * Show your steps. Part Determine if the production point is feasible and efficient Ice creams 250, Jely beans = 8.000. Show your steps
The following table describes the productionpossibilities of two cities in the country of Baseballia:Pairs of RedSocks per Workerper HourPairs of WhiteSocks per Workerper HourBoston 3 3Chicago 2 1a. Without trade, what is the price of white socks (interms of red socks) in Boston? What is the price inChicago?b. Which city has an absolute advantage in theproduction of each color sock? Which city has acomparative advantage in the production of eachcolor sock?c. If the cities trade with each other, which color sockwill each export?d. What is the range of prices at which mutuallybeneficial trade can occur?
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