November 28, 2015

Homework Help: Macroeconomics

Posted by Sully on Sunday, August 2, 2009 at 9:51pm.

9. In each of the following cases, explain whether you think the situation is efficient or not. If it is not efficient, why not? What actions would make the situation efficient?

a. Electricity is included in the rent at your dorm. Some residents
in your dorm leave lights, computers, and appliances
on when they are not in their rooms.
b. Although they cost the same amount to prepare, the cafeteria
in your dorm consistently provides too many dishes that
diners donít like, such as tofu casserole, and too few dishes
that diners do like, such as roast turkey with dressing.
c. The enrollment for a particular course exceeds the spaces
available. Some students who need to take this course to
complete their major are unable to get a space while others
who are taking it as an elective do get a space.

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