Economics Homework Solutions

Productivity and Costs

Can you please give me an example of a company that has made a strategic decision based on productivity and costs. Can you also explain to me how to incorporate the law of diminishing marginal productivity and the relationship between productivity and cost in relation to the organization?

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What is an externality? What is a public good? Can you please also give examples.

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What is the problem with determining the value of a public good to society?

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What are the differences among horizontal, vertical, and conglomerate mergers? Is one type preferable from the view of anti-trust policy?

What does the US government hope to achieve through the use of its antitrust policy?

What does the US government hope to achieve through the use of its antitrust policy?

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How do the resolutions of the IBM, AT&T, and Microsoft antitrust cases differ?

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Why may a government's solution to a market failure worsen the market failure?

What is the problem with determining the value of a public good to society?

What is the problem with determining the value of tolls on a highway or bridge? It is a public good... but we pay for it. Right?

Microeconomics

OK. So - you are elected President and you need to estimate the value of... let's say... Homeland Security. No one argues whether we need to protect our country from attack (no one rational anyway). So how can you attach a value to it? What are your ideas? 2) What is the problem with determining the value of a public ...continues

Microeconomics

This is how I answered this question. What are the differences among horizontal, vertical, and conglomerate mergers? Is one type preferable from the view of anti-trust policy? A horizontal merger occurs when firms selling substitutable goods within the same geographical market or overlapping geographical markets join ...continues

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