Economics 9708/33 Oct Nov 2021
Laura Bellini
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1. Analysis of socially optimal output for demerit goods using marginal social cost and benefit curves.
2. Public goods and market failure: non-excludability and free-rider problem as critical factors.
3. Cost–benefit analysis in infrastructure projects: distinguishing private costs from external costs.
4. Downward-sloping demand curves: assumptions holding consumer income constant.
5. Impact of sales tax on budget lines: graphical representation of consumer behavior changes.
6. Determination of marginal product's influence on total output and decreasing returns.
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