Microeconomics

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The concept of rational ignorance is defined as Started by rosent76	1 Replies 40 Views	May 24, 2019 by tennis14576
When Jean makes a decision NOT to obtain information about an issue that doesn't have a perceptible ... Started by panfilo	3 Replies 14 Views	May 24, 2019 by Moriaki
It is rational for a voter to be ignorant about an issue unless the Started by genevieve1028	1 Replies 41 Views	May 24, 2019 by princessflame2016
Voters typically have information only about issues that have a perceptible effect on their ... Started by Bernana	3 Replies 22 Views	May 24, 2019 by xthemafja
Why are private firms unable to produce public goods? Started by mp14	1 Replies 21 Views	May 24, 2019 by cat123
For any individual consumer, free-riding is Started by swpotter12	3 Replies 79 Views	May 24, 2019 by johnharpe
The free-rider problem for a public good means that Started by beccaep	1 Replies 47 Views	May 24, 2019 by dajones82
Because national defense is potentially subject to free riding, a private sector market for national ... Started by JGIBBSON	3 Replies 116 Views	May 24, 2019 by Joc
Minutes of fireworksAnita's MB (dollars per minute)Steve's MB (dollars per minute)16$20$2817 18 2518 ... Started by swpotter12	1 Replies 42 Views	May 24, 2019 by milbourne11
Minutes of fireworksAnita's MB (dollars per minute)Steve's MB (dollars per minute)16$20$2817 18 2518 ... Started by Anajune7	3 Replies 29 Views	May 24, 2019 by allisonblackmore
Minutes of fireworksAnita's MB (dollars per minute)Steve's MB (dollars per minute)16$20$2817 18 2518 ... Started by Pineappleeh	1 Replies 133 Views	May 24, 2019 by chreslie
Suppose the government is producing a public good. If the marginal benefit of the last unit of a ... Started by penguins	3 Replies 72 Views	May 24, 2019 by katkat_flores
Suppose the marginal cost of the fourth unit of a public good is $20. If Mark and Judy are the only ... Started by rl	1 Replies 29 Views	May 24, 2019 by scikid
To achieve the efficient level of national defense, Started by darbym82	3 Replies 33 Views	May 24, 2019 by kristenb95
Which of the following represents an efficient quantity of a public good? Started by fnuegbu	1 Replies 16 Views	May 24, 2019 by katkat_flores
A library is a public good. The marginal cost curve for libraries in Lafayette, California Started by newbem	3 Replies 16 Views	May 24, 2019 by ky860224
Marginal cost curves for public goods are usually Started by 809779	1 Replies 13 Views	May 24, 2019 by sierrahalpin
As more of a public good is produced, the marginal benefit of each additional unit ________ and as ... Started by jessicacav	3 Replies 37 Views	May 24, 2019 by underwood14
The marginal benefit of a public good ________ as more of the good is produced. Started by shenderson6	1 Replies 42 Views	May 24, 2019 by Kingjoffery
Suppose a public good is provided in an economy with only two consumers, Popeye and Captain Hook. If ... Started by brutforce	3 Replies 113 Views	May 24, 2019 by Anton
For which type of good is it necessary to sum the marginal benefit curves vertically in order to ... Started by rlane42	1 Replies 11 Views	May 24, 2019 by IAPPLET
To find the economy's marginal benefit curve of a public good, we Started by CBme	3 Replies 38 Views	May 24, 2019 by triiciiaa
If we know everyone's individual marginal benefit curve for a public good, then the economy's ... Started by Chloeellawright	1 Replies 32 Views	May 24, 2019 by C.mcnichol98
The local public broadcasting station (PBS) calls you during its pledge drive. You do not donate any ... Started by lb_gilbert	3 Replies 104 Views	May 24, 2019 by Sophiapenny
The free-rider problem i.means that people can consume a good without paying for it. ii.means that ... Started by WhattoUnderstand	1 Replies 84 Views	May 24, 2019 by alexanderhamilton