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ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

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elemis:
For your first question assign each group a value.

MALE WORKERS                              FEMALE WORKERS
highest paid    lowest paid                highest paid       lowest paid
$300                $200                           $100               $50

Calc their new income as a result of the percentage rises. You'll get the answer ;) I just did this paper.

elemis:
1) social costs and external costs
-Social costs = private costs  +  external costs
  - external costs are all the negative effects to SOCIETY and NOT the firm/consumer of the good. Society receives NO compensation for the
     impacts on them   
-Smoking affects the health of the  smoker (PC); the people around him undergo passive smoking and may suffer from asthma (EC)


2) social benefits and external benefits
- Apply the above ;)

BlackBunny103:
Hey guys, can you please explain to me why the answer of this question is A? I put B though. And what is meant by the unit of account?
Thanxx :D

Freaked12:

--- Quote from: BlackBunny103 on June 10, 2010, 12:37:03 pm ---Hey guys, can you please explain to me why the answer of this question is A? I put B though. And what is meant by the unit of account?
Thanxx :D

--- End quote ---

because in a planned economy goods are distributed according to the needs of the population and not what amount of money they have

elemis:
The answer is   C   look at the attached MS

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