ECON-312 Assignment 2 (Questions & Answers)
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ECON-312 Assignment 2 (Questions & Answers). 3PAGES
Reflective Thinking Questions: Chapters 4-6
Chapter 4
What is the specific market failure justification for government spending on:
Why might Fourth of July fireworks be considered a public good? Who should pay for them? What about airport security?
If smoking generates external costs, should smoking simply be outlawed? How about cars that pollute?
Chapter 5
Why do airlines charge different fares for the same flight?
If all consumers had identical demand curves, could producers price discriminate?
If the marginal utility of pizza never diminished, how many pizzas would you eat?
Chapter 6
Is the demand for enrollments in your college price-elastic? How could you find out?
If the price of gasoline doubled, how would consumption of cars, (b) public transportation, and (c) in-theater movies be affected? How quickly would these adjustments be made?
[Solved] ECON-312 Assignment 2 (Questions & Answers)
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ECON-312 Assignment 2 (Questions & Answers)
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