The mayor proposes financing the museum with a lump-sum tax of $24 and then opening the museum to the public for free. how many times would each person visit? calculate the benefit each person would get from the museum, measured as consumer surplus minus the new tax.

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service