Purchase Solution

Econ

Not what you're looking for?

Ask Custom Question

Length is not much of a factor in the evaluation, relevance is. These answers should be about 1/2 to 3/4ths of a page, excluding any diagrams you may include, where relevant.

1. What are the problems with determining the value of a public good to society?

2. Since economics seeks to bring about the efficient allocation of scarce resources, indicate clearly, which market is likely to bring about the greatest efficiency in allocation and why, compared to the other markets.

Purchase this Solution
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

View More Free Quizzes
Related BrainMass Solutions

  • Differentiating between Types of Cost Curves

    If you do very well in ECON 101, and your ECON 101 grade is higher your overall GPA, it improves your overall GPA.

  • Probability calculation

    A class has 10 business majors and 15 econ majors. If Five students are chosen at random, what is the probability that three are business major and two are econ majors?

  • fixed factor of production

    Bank Capital: In the short run, capital is fixed; References: www.landandfreedom.org/econ/econ2p.htm - www.investopedia.com ? Dictionary www.econguru.com/econ/production-factors.shtml www.enotes.com/business...

  • Oligopoly and monoplistic competition

    b) the nash equilibrium is newsweek chooses econ. and time chooses pol. c) For time, choosing politics strictly dominates econ. No dominate strategy for newsweeks.

  • "multicollinearity" problem

    If you notice that virtually all the Econ majors in your sample are from Mills College, what problem will you have with the following regression model?

  • The Advantages of the Inflation Theory

    Econ). Final three benefits of inflation targets are the credibility / expectations, avoid a boom and bust and costs of inflation.

  • Statistics: Work status and interest in economic conditions

    So we reject our null hypothesis that there is no association between the Work status and interest in econ conditions. So we can conclude that there is an association between the Work status and interest in econ conditions.

  • Supply, demand, and price controls of beef and eggs

    /price-elasticity-of-demand.html www.boisestate.edu/econ/lreynol/web/PDF/Elasticity.pdf

  • Need some econ help urgently

    257657 Need some econ help urgently Hello, need some urgent help with 2 economics questions. Most of it are simple computations of supply, demand and equilibrium. Please sign out if you know you can do it correctly. I really appreciate this.

  • delayed payment compensation model

    79275 Labor econ Suppose that it is more difficult to monitor workers at larger firms than at smaller firms. According to the delayed payment compensation model, would workers at smaller firms have flatter or steeper age-earnings?

View More Related Solutions