Microeconomics
11th Edition
ISBN: 9781260507041
Author: Colander, David
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 1, Problem 9IP
(a)
To determine
Explain whether the payment should be allowed or not.
(b)
To determine
Explain how would Freed incentives from the royalty payment differ from Freed incentives if Chuck offered a flat payment.
(c)
To determine
Determine the two examples of similar activities.
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The City of Ditty passes a law that requires all pizza delivery persons to sing to customers when delivering pizza. Tone Deaf, the owner of the “No Frills Pizza Restaurant” challenges the law as being a denial of Equal Protection of the Laws because pizza delivery persons are being treated differently from other delivery persons or other restaurant employees. The City of Ditty claims that its governmental interest in passing the law was part of its overall economic plan to attract music industry type businesses to Ditty by creating a “music-friendly” city. If the Court finds this to be a legitimate governmental interest, what else must Ditty prove in order to win its case?
the law is necessary to achieve that interest.
the law directly advances that interest.
the law creates the least restrictions on important fundamental rights while advancing that interest.
the law is reasonably related to achieving the legitimate interest.
the law is supported by more than half the city…
According to a report from the US Census Bureau, "the average lifetime earnings of a full-time year round work
with a high school education is about $1.2 million, compared to about $2.1 million for a college graduate. This
indicates that there is a considerable benefit to a graduate from investing in his or her own education. Tuition at
most state universities covers only about 2/3- of actual costs, so the state provides a subsidy to college
education. If this subsidy is appropriate, is the externality created by the college education a positive or
negative externality? What does this imply about the costs and benefits to the student as opposed to the costs
and benefits to society in general? What are some reasons for the differences?
Chapter 1 Solutions
Microeconomics
Ch. 1.1 - Prob. 1LOCh. 1.1 - Prob. 1QCh. 1.1 - Prob. 2QCh. 1.1 - Prob. 3QCh. 1.1 - Prob. 4QCh. 1.1 - Prob. 5QCh. 1.1 - Prob. 6QCh. 1.1 - Prob. 7QCh. 1.1 - Prob. 8QCh. 1.1 - Prob. 9Q
Ch. 1.1 - Prob. 10QCh. 1 - Prob. 1QECh. 1 - Prob. 2QECh. 1 - Prob. 3QECh. 1 - Prob. 4QECh. 1 - Prob. 5QECh. 1 - Prob. 6QECh. 1 - Prob. 7QECh. 1 - Prob. 8QECh. 1 - Prob. 9QECh. 1 - Prob. 10QECh. 1 - Prob. 11QECh. 1 - Prob. 12QECh. 1 - Prob. 13QECh. 1 - Prob. 14QECh. 1 - Prob. 15QECh. 1 - Prob. 16QECh. 1 - Prob. 17QECh. 1 - Prob. 18QECh. 1 - Prob. 1QAPCh. 1 - Prob. 2QAPCh. 1 - Prob. 3QAPCh. 1 - Prob. 4QAPCh. 1 - Prob. 5QAPCh. 1 - Prob. 6QAPCh. 1 - Prob. 1IPCh. 1 - Prob. 2IPCh. 1 - Prob. 3IPCh. 1 - Prob. 4IPCh. 1 - Prob. 5IPCh. 1 - Prob. 6IPCh. 1 - Prob. 7IPCh. 1 - Prob. 8IPCh. 1 - Prob. 9IPCh. 1 - Prob. 10IPCh. 1 - Prob. 11IPCh. 1 - Prob. 12IPCh. 1 - Prob. 13IP
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