by | Oct 25, 2022 | Macro & Micro economics
Please answer the following questions in paragraph form: 1. Give an example of an externality cost and an externality that benefits people. Specifically, explain why externalities tend to cause additional pollution and environmental degradation and why externalities...
by | Oct 25, 2022 | Macro & Micro economics
Give an example of price discrimination. Which firm is taking part in it? What is the product/ service? Which type of price discrimination is it? Are you okay with this type of discrimination? OR Name and describe a firm or industry that has control of a key input...
by | Oct 25, 2022 | Macro & Micro economics
Please answer the following questions in paragraph form: 1. “Economists assume people are selfish.” Explain the extent wo which this statement is true and the extent to which it is false. 2. “Rational, self-interested people would never end up worse...
by | Oct 4, 2022 | Macro & Micro economics
Directions Option 1: Brainstorm common items that you think consumers pay too much for or that you think are overpriced (i.e. movie theater popcorn, brand name items, souvenirs,, etc.). Now think of something more specific, either something that you or someone who...
