Assuming the government pays higher cost of production by paying wages that are higher than the private sector rates, analyse the effect of the change in the costs of producing public good caused by government inefficiency?

Q: Explain the main sources of inefficiency in the public sector

A: The main sources of inefficiency in public sector are  Government interference: one of the major…

Q: To achieve the optimal provision of public goods, the ect one: a. market should be allowed to arrive…

A: Public goods are meant for the benefit of society.

Q: 1) Besides raising revenue, what is the most likely goal of government that enacts a per unit tax.…

A: Hi! Thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: An efficient government subsidy provided in cases of positive production externality, is set equal…

A: Externalities refer to the benefits received, or the costs incurred by the third party who is not…

Q: Name two public goods and explain why they are public goods

A: By definition public goods(G) are those which are non-excludable and non-rivalry. They are consumed…

Q: Define and give an example of a public good.  Can the private market provide this good on its own?…

A: A public good is one that is neither excludable nor a rival in the consumption of the people. This…

Q: You are required to choose a public good in the market and explain how the chosen product fits into…

A: Goods are products that fulfill human desires and have value, such as a fulfilling commodity…

Q: Consider the diagram below which depicts a two-household community consisting of household A and…

A: Tax rate refers to the rate at which the government collects taxes from the people in the economy.…

Q: Which of the following is NOT one of the characteristics of a public good? A. It must be non-rival…

A: Public good: - goods that are both non-excludable and non-rival in nature are known as public goods.…

Q: A government decides that product X is a demerit good and product Y is a public good. Which policy…

A: "Correct answer is option d."

Q: Consider a public goods problem. Assume a community has 10 people each with: MBP = 10 – Q, where Q…

A:

Q: The Lindahl equilibrium involves producing how many units of the public good? At what tax share?

A: Public goods are those goods that are nonrival and nonexcludable. Nonrival means one cannot consume…

Q: Should governments subsidize recycling programs if they are run at an economic loss? What types of…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following describes a defining characteristic of a public good? Select the correct…

A: Public good is non excludabe and non rivalry.

Q: When should a private good be produced from an efficiency standpoint?  a-When the sum of all of…

A: Private good refers to the good that is rivalrous as well as excludable. The private goods are…

Q: Public goods are normally produced by the government because: Response option group (a) The private…

A: Public good is non-excludable and non-rivalrous that means people cannot be stopped from accessing…

Q: What is the difference between public spending and public goods

A: The government also results in the expenditure which would result in the social and the…

Q: Which of the following is a key economic function of government? a. issues passports, visas, and…

A: One of the key economic functions of the government is to protect and enforces property rights and…

Q: Explain why each is or is not a pure public good. Where applicable, note instances where the good is…

A: A good is a pure public good if the good is nonrival and nonexcludable in nature.

Q: explain why the positive externality associated with the production of a pure public good implies…

A: Externalities are side effects which are borne by the third parties.  Externalities could be…

Q: Which of the following is a characteristic of a public good? a. It is excludable.   b. It is…

A: Public good : In the case of public goods , it is non-excludable and non-rival . It means the public…

Q: Describe the case made by economists for public provision of essentially private goods such as food,…

A: A private good is a product that must be purchased in order to be consumed, and consumption by one…

Q: discuss in detail the nature of production, profit and costs within the public sector

A: The influence of government revenue, expenditure, and investment decisions is studied in public…

Q: What is a public good? What are its two defining characteristics? Provide an example.

A: Public good are associated with the problem of Free Rider in which the people who do not pay for the…

Q: What can the government do to solve the problem of inadequate levels of public goods? Explain how…

A: inadequate levels of public goods refers to the market failure and in economics, market failure is a…

Q: discuss in detail The nature of the public sector from the perspective of production, profit, costs.…

A: Introduction: The present notion of components of production is mostly drawn from a neoclassical…

Q: Suppose the govt provides a public education through public schools worth $10,000 to each child. How…

A: The crowding out is an economic concept that shows how rise in public expenditure chokes private…

Q: Which of the below is the best illustration of a public good? A clean water in a river

A: Public goods are those which are not for a single person but for each and every individual.…

Q: What are public goods?…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Radio stations, tornado sirens, lighthouses, and street lights are all public goods in that all are…

A: Public goods have two characteristics. Public goods are non-excludable and non-rivalrous. The first…

Q: 6. Charlie loves watching Downton Abbey on his local public TV station, but he never sends any money…

A: Given Charlie loves watching Downtown Abbey on his local public TV station, but he never send any…

Q: Explain briefly why the shape of the demand curve for the public good is downward sloping for HHA…

A: Public goods refer to those goods which are nonrival and nonexcludable such that one person does not…

Q: What are the essential characteristics of public goods? Why might it be difficult for private sector…

A: Pubic good is a good whose consumption by one do not reduce its availability to others and from…

Q: Consider the diagram below which depicts a two-household community consisting of hOusehold A and…

A: Public goods refers those goods which are non excludable and non rivalry. Private goods are…

Q: Discuss the pros and cons of various solutions for avoiding the problems associated with the…

A: Public goods are the goods that are non- excludable and non- rivalries. Public good are designed to…

Q: Which of the following would tend to make it challenging for governments to provide the correct…

A: Tax is the amount of money that government imposes on the commodity or income of an individual.

Q: With the provision of a public good: A) Everyone who uses the good benefits from it in proportion…

A: As the name suggests, Public goods are those goods made available by the government for the benefit…

Q: Which of the following goods could best be classified as a public good? a) A hard copy of…

A: Answer The correct answer is 'option b' i.e., PDF copy of Principles of Microeconomics in a public…