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Author Question: What three conditions must be satisfied in order for the Coase theorem to work? What will be an ... (Read 75 times)

bobbysung

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on: Jun 29, 2018
What three conditions must be satisfied in order for the Coase theorem to work?
 
  What will be an ideal response?

Question 2

What are some of the components of marginal cost and marginal benefit that the producer of a movie faces?
 
  What will be an ideal response?


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Dnite

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Reply #1 on: Jun 29, 2018
Answer to Question 1

(1.) The basic rights at issue must be understood.
(2.) There must be no impediments to bargaining.
(3.) Only a few people can be involved.

Answer to Question 2

Some of the marginal costs the producer faces are the cost of an actor or actress, the costs of the crew for a day, the costs of a location, and the costs of advertising in a newspaper. The marginal benefits the producer enjoys are his or her salary and/or profit participation from the movie, royalties from the movie, the prestige resulting from a successful movie, and any awards given to the producer of the movie.


bobbysung

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ttt030911

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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