$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ECO3046 Public Economic

tag 0 Download7 Pages / 1,528 Words


1. "A reallocation from a point within the utility possibilities curve to a point on the utility possibilities curve results in a Pareto improvement". Is this statement true or false?

2. Consider an economy which produces only two goods, computers and cars. Suppose a tax is imposed on the consumption of computers but not on cars. There are no taxes on producers of these goods. Explain why the economy will not exhibit e¢ ciency.

3. There are two individuals, A and B, who consume two goods, 1 and 2:
Suppose that at a point on the production possibility frontier for the two goods, 1 and
2; the slope is 3. Suppose, also, that at the implied competitive equilibrium, the slopes of the indi¤erence curves of the two individuals are both equal to 8. Is this outcome Pareto cient? Explain. If not, can you suggest a Pareto improvement?

4. For each programme listed below, discuss what market failures might be (or are) used as a partial rationale for government intervention:
(i) National defense
(ii) Car insurance

5. (a) Explain why each of the following is or is not a pure public good:
(i) Sewage collection
(ii) Basic research
(b) Compare and contrast the condition for e¢ cient provision of a public good with that of a private good. What is the problem with a market achieving ciency in provison of a public good?

6. Explain why subsidies for pollution abatement equipment, even if they result in an cient level of pollution abatement, will not result in an cient resource allocation.
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 7 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help (2021) Public Economic [Online]. Available from: https://myassignmenthelp.com/free-samples/eco3046-public-economic/theory-of-least-cost-theorem-of-pollution.html
[Accessed 26 October 2021].

My Assignment Help. 'Public Economic' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/eco3046-public-economic/theory-of-least-cost-theorem-of-pollution.html> accessed 26 October 2021.

My Assignment Help. Public Economic [Internet]. My Assignment Help. 2021 [cited 26 October 2021]. Available from: https://myassignmenthelp.com/free-samples/eco3046-public-economic/theory-of-least-cost-theorem-of-pollution.html.

MyAssignmenthelp.com has appointed best assignment experts who are wizards of words. Our writers know every trick of crafting high quality write-ups within a short period. With years of experiences, we have become one of the most prolific assignment help services in the USA. We deliver custom-made help to students with writing different types of assignments. We guarantee total need-based and timely service, and this is why increasing numbers of students prefer to buy assignment online.

Latest Economics Samples

BU1003 Economics For Sustainable Business

Download : 0 | Pages : 5

Answer: Introduction On the subject of implementing the Goods and Services Tax (GST) in India, the study identifies the impact of lowering the GST levy on batteries from 28 percent to 5 percent on the Indian battery market in terms of price, quantity demanded, consumer and producer surplus (Mishra, 2017). Also, the study evaluates the impact of the same on Electric Vehicle market as well as the petrol vehicle market in India. Lastly, the infl...

Read More arrow Tags: Singapore Management University of Singapore 

ECON 3041 Managerial Economics

Download : 0 | Pages : 3

Answers: Question 1: Water is not scarce as gasoline in America. However, according to Americans bottled water has more value than gasoline and that is why they are willing to pay more for the water that is a renewable resource than for gas that is a non-renewable resource. Question 2: Water itself Culture When the Americans purchase bottled water at a higher price, it is because they are paying for the water itself and also for the l...

Read More arrow Tags: Australia Marilao Management Marketing Professional University of Queensland MBA 

ECON1008 Principles Of Economics

Download : 0 | Pages : 5

Answers: 1. This news article talks on the new 10% GST levied on Netflix services which has led to a rise in the price of Netflix plans. There has also been a hike in price of its plans by Netflix, to support the introduction of new content. The combined effect of tax hike due to GST and Netflix’s own price hike is an increase in the price of Netflix services. This rise ranges from $1 to $9.99 per month for the basic plan, while the fou...

Read More arrow Tags: Australia Sydney Management Business Economic Concepts University of Sydney MBA 

MPE 781 Economics For Managers

Download : 0 | Pages : 16

Answers: Introduction:  Over the last few decades one of the most bothering and disturbing issues in a global level have been the drastic climatic changes and the phenomenon of global warming. Global warming in simple words means an increase in the overall average temperature of the earth, at a pace, which is faster than normal. This phenomenon, though not accepted by a few, is mostly perceived to be occurring in the recent times and has...

Read More arrow Tags: Australia Box Hill South Economics MPE 781- Economics for Managers University of Queensland MBA 

ECO511 Economics For Business

Download : 0 | Pages : 5

Answer: Introduction The governments often employ both monetary and fiscal instruments to stabilize the economy. During seasons of depressed demand, expansionary policies such as reduction in the interest rates, tax cuts and increase in government expenditure are employed. On the other hand, when the economy is overheating, the governments deploy contractionary policies (Sloman, Wride, & Garratt, 2015). Therefore, this article examines how t...

Read More arrow

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

callback request mobile
Have any Query?