A Student Receives $1000 at the Start of Each Month $\frac { a } { b }$

question 3

Short Answer

A student receives $1000 at the start of each month from his parents. Every month the student spends 70% of all the money he has. If the only money the student receives is the money from his parents, estimate how much money the student will have at the beginning of each month after an extended period of time.
Enter just a reduced fraction of form $\frac { a } { b }$ .

Describe the concept of a Pigouvian subsidy and its application for external benefits.

Understand the implications of technology spillover in relation to positive externalities.

Evaluate the effectiveness of various policy solutions in addressing market inefficiencies due to externalities.

Grasp the significance of network externalities and their impact on market dynamics.

---

Definitions:

Eroding

The process of gradually wearing away or deteriorating, often used metaphorically to describe the weakening of institutions or values.

Public Trust

The degree of confidence that the public has in the capability, integrity, and efficiency of organizations, institutions, or government to fulfill their responsibilities.

Well Informed

Having or showing a broad knowledge of facts acquired through education or experience.

Do No Harm Principle

A guiding ethical imperative aimed at avoiding the infliction of harm or suffering on others.