Explain the nature of the externality associated with common
pool resources (like open ocean tuna, clean...
Explain the nature of the externality associated with common
pool resources (like open ocean tuna, clean air, and fresh water).
use a graph to illustrate the tragedy of commons.
Explain the nature of the externality associated with common
pool resources (like open ocean tuna, clean air, and fresh water).
use a graph to illustrate the tragedy of commons.
Explain the nature of the externality associated with common
pool resources (like open ocean tuna, clean air and fresh water).
Use a graph to illustrate the tragedy of commons.
Identify and explain the externality associated with the
consumption of cigarettes? b) Draw a fully labelled diagram
illustrating how the externality identified in part (a) above can
be corrected from society’s point of view. c) The Australian
government is considering running advertising campaigns to stop or
a least slow down the purchase of cigarettes. What is the
opportunity cost for the Australian Government if it chooses to do
this? How does rational decision making help a government decide
how much...
Discuss how a negative externality prevents a competitive market
from allocating resources efficiently. Please explain as simply as
you can and try to avoid jargon
1. Both public goods and common property
resources involve externalities.
a) Are the externalities associated with public
goods generally positive or negative? Use examples in your answer.
Is the free-market quantity of public goods generally greater or
less than the efficient quantity?
b) Are the externalities associated with common
resources generally positive or negative? Use examples in your
answer. Is the free-market use of common resources generally
greater or less than the efficient use?
Fact: there are always costs associated with imitating resources
and capabilities.
a. Fully explain why socially complex resources and capabilities
are costly to duplicate by competitors. In fact, these types of
resources and capabilities might not be subject to duplication at
all.
b. Using one (1) specific business example (real or fictitious)
of a situation where socially complex resources and capabilities
exist, illustrate how possessing these unique resources and
capabilities can specifically translate into a positive impact on
performance.
It is said that the photoelectric e?ect demonstrates the
particle-like nature of light. Explain how this conclusion is
reached. That is, what experimental evidence is consistent with
particle-like behavior for light but not with wave-like behaviour?
Cite at least two pieces of evidence. (b) Electrons with a speed of
2.0?106 ms1 pass through a double-slit apparatus. A detector
measures interference fringes with a fringe spacing of 1.5
mm.
(i) What will the fringe spacing be if the electrons are replaced...