Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 2, Problem 16APA
To determine
Identify the concepts of the production efficiency and
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QUESTION 16
16. Entering patient health care data into a database accessible to health care professionals across the medical profession and a wide region increases the ability to apply
artificial intelligence to diagnostics and treatment of diseases. This is an example of
a) Negative consumption externality.
b) Positive consumption externality.
c) Negative production externality.
d) Positive production externality.
QUESTION 17
17. Which of the following is an example of a negative consumption externality?
a) water pollution impact of a paper plant
b) honey production and pollination of fruit trees
c) second-hand smoke
d) vaccination against a communicable disease
e) none of the above
Explain which of the following cases are classified as (A, B, C, or D) :
(A) Negative Externality of Production or (B) Negative Externality of Consumption or (C) Positive Externality of Production or (D) Positive Externality of Consumption:
A farmer who uses pesticides to produce vegetables
A person planted ornamental trees along Salahiddeen street
Creative laboratories which try to find vaccine for COVID 19
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REE 324 - ENVIRONMENTAL ECONOMICS
Review Exercise on Market Equilibrium, Market Failure, Externalities and Elasticities
1.
Economics of Education. The issue of education is quite critical. The demand for education by society is high.
On the other hand, it is demanded that the schools only charge low tuition fees since schools serve a social
function. Thus, more often than not, tuition fee ceilings are imposed to assure students of lower prices for this
"commodity". Two common solutions are proposed to address the likely problem of excess demand for
educational services (ES) in the event of a tuition fee ceiling is imposition: (i) operation of public schools (e.g.,
free public high school); (ii) government subsidy to private education.
where:
Find the solutions to the problems below:
D=demand for educational services
S = supply of educational services
Suppose we let:
S: TF or P = 1 + 0.5 Q
D: TF or P = 15-2Q
TF or P = tuition fee or price of education ('000 pesos)…
Chapter 2 Solutions
Macroeconomics
Ch. 2.1 - Prob. 1RQCh. 2.1 - Prob. 2RQCh. 2.1 - Prob. 3RQCh. 2.1 - Prob. 4RQCh. 2.1 - Prob. 5RQCh. 2.1 - Prob. 6RQCh. 2.2 - Prob. 1RQCh. 2.2 - Prob. 2RQCh. 2.2 - Prob. 3RQCh. 2.2 - Prob. 4RQ
Ch. 2.2 - Prob. 5RQCh. 2.3 - Prob. 1RQCh. 2.3 - Prob. 2RQCh. 2.3 - Prob. 3RQCh. 2.3 - Prob. 4RQCh. 2.3 - Prob. 5RQCh. 2.3 - Prob. 6RQCh. 2.3 - Prob. 7RQCh. 2.4 - Prob. 1RQCh. 2.4 - Prob. 2RQCh. 2.4 - Prob. 3RQCh. 2.4 - Prob. 4RQCh. 2.4 - Prob. 5RQCh. 2.4 - Prob. 6RQCh. 2.4 - Prob. 7RQCh. 2.5 - Prob. 1RQCh. 2.5 - Prob. 2RQCh. 2.5 - Prob. 3RQCh. 2 - Prob. 1SPACh. 2 - Prob. 2SPACh. 2 - Prob. 3SPACh. 2 - Prob. 4SPACh. 2 - Prob. 5SPACh. 2 - Prob. 6SPACh. 2 - Prob. 7SPACh. 2 - Prob. 8SPACh. 2 - Prob. 9SPACh. 2 - Prob. 10SPACh. 2 - Prob. 11APACh. 2 - Prob. 12APACh. 2 - Prob. 13APACh. 2 - Prob. 14APACh. 2 - Prob. 15APACh. 2 - Prob. 16APACh. 2 - Prob. 17APACh. 2 - Prob. 18APACh. 2 - Prob. 19APACh. 2 - Prob. 20APACh. 2 - Prob. 21APACh. 2 - Prob. 22APACh. 2 - Prob. 23APACh. 2 - Prob. 24APACh. 2 - Prob. 25APA
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