Consider the market where demand is p10-2q and supply is

Assignment Help Microeconomics
Reference no: EM13395617

Consider a market where demand is p=10-2Q and supply is p=Q/2. There is a consumption positive externality of $2.50/unit of consumption.

Calculate the market equilibrium.

Calculate the total surplus (the sum of producer and consumer surplus).

How can government increase the total surplus?

Impose the program you indicated in part C and calculate the total surplus.

Reference no: EM13395617

Questions Cloud

Explain what is meant by a limit order how does a stop : explain what is meant by a limit order. how does a stop order differ from a limit order and how is it similar? describe
State the function of the different brain hemispheres point : define the function of the different brain hemispheres. indicate how handedness is related to brain hemisphere
Compute the total surplus at market equilibrium compute the : consider a market where demand is p10-2q. there is a negative production externality of 2.50unit of consumption. supply
I want a newspaper article to be written on aids well : i want a newspaper article to be written on aids ..well formatted apa style with reference and complete apa format.
Consider the market where demand is p10-2q and supply is : consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.50unit of
Clothier inc has a target capital structure of 40 debt and : 1. clothier inc. has a target capital structure of 40 debt and 60 common equity and has a 40 marginal tax rate. if
Which you define marketing include in your paper your : which you define marketing. include in your paper your personal definition of marketing and definitions from two
Find the total fixed cost for the el dorado star if total : the el dorado star is the only newspaper in el dorado new mexico. certainly the star competes with the wall street
Write down the three components of a dna nucleotide how do : a the following list indicates the bases on one strand of a dna molecule. write in the names of the bases that could

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd