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equilibrium in the kiwifruit market consumers are willing to pay 10 cents for a sour kiwifruit and 30 cents for a sweet
willingness to pay for used baseball pitchers suppose a healthy baseball pitcher is worth 5 million per year to his
double ignorance suppose both buyers and sellers of used cars are ignorant no one can distinguish between lemons and
consumer reports you want to buy a used car specifically a 1999 zephyr according to consumer reports half the 1999
rising insurance rates consider an insurance company that provides group medical coverage for university employees the
satellite radio merger suppose each of the two satellite radio firms initially has 95 million subscribers and generates
mandatory insurance consider a city with 100 drivers and a perfectly competitive market for automobileinsurance the
environmental costs for regulated monopoly the bonneville power administration bpa is a regulated monopoly in the
willingness to pay for new airport gates your city is considering an airport-expansion project that would increase the
deadweight loss from a merger consider a market that is initially served by two firms each of which charges a price of
cost savings from a merger consider the following statement from a firm that has proposed a merger between two
recovering the acquisition cost the long-run average cost of production is constant at 6 per unit suppose firm x
gates to gotcha a construction project at your city s airport is nearing completion and your job is to decide how to
external benefits from education and deadweight loss using figure 303 on page 649 as a starting point compute the
lojack and insurance companies consider the application external benefits from lojack suppose all vehicles in a state
stream preservation consider a trout stream that is threatened with destruction by a nearby logging operation each of
fireworks as public goods a three-person city is considering a fireworks display bertha is willing to pay 100 for the
defenders of wildlife each of the 80000 citizens in a particular county is willing to pay 010 to increase the number of
class participation consider a course with 40 students some of whom are confused after the professor explains a concept
cost sharing for monitoring el nintildeo suppose the monitoring of el nintildeo s current costs a total of 12 billion
paying for a wifi network consider a small town with 1000 households the town could install a wireless wifi network
coase and noise pollution vivian is trying to learn to play the violin much to the dismay of her housemates vivian and
optimal pollution abatement suppose the marginal benefit of pollution abatement is constant at 12 per unit the marginal
consider the application on the median voter and public education based on application 5 on page 655a fill in the
reforestation versus abatement suppose your firm commits to reducing greenhouse gases by 11 tons per year you can pay