Econ 101 Winter 2010 Lecture 20

Econ 101 Winter 2010 Lecture 20 - Economics 101...

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Click to edit Master subtitle style Lecture 1 Economics 101 Microeconomics University of Michigan Winter 2010 Lecture 20
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Lecture 1 22 Chapter 5 of text Available on CTools No quiz this week in discussion Reading Problem Set 10
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Lecture 1 Exam Results Results are available in the Ctools gradebook Answer keys are available in Ctools resources Mean: 93 Standard Deviation: 24 33 Lecture 1
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Lecture 1 44 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 0 2 4 6 8 10 12 Distribution of Exam Averages After Exam 1 and Exam 2 Average Exam Score Frequency
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Lecture 1 Theoretical Solution to the Public Hours broadcast/day Supply (MC) MV2 MV1 MVsoc $/hour Qeff P1 P2 P1+P2 = MC
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Lecture 1 Solution to the Public Goods Solution is similar to that in the standard externality problem: n Provide missing market(s) n Assigning and enforce property rights n Allow trade in the rights to enjoy the externality n The missing markets are individual specific markets for the enjoyment of the public good
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This note was uploaded on 04/20/2010 for the course ECON 101 taught by Professor Gerson during the Winter '08 term at University of Michigan.

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Econ 101 Winter 2010 Lecture 20 - Economics 101...

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