Reference no: EM13309365
1. Suppose we are looking at a supply and demand defined market for a hypothetical good called widgets. We observe that, because of falling consumer incomes, the demand for widgets increases. We also observe that, because of a reduction in the price of a resource used to make widgets the supply of widgets increase.
a. Using a graphical depiction of a supply and demand model show the movement from one equilibrium to another equilibrium.
b. Describe the changes in price and quantity moving from one equilibrium to another. Be sure to identify what increases, what decreases, or what may do either.
2. There are 4 types of externalities considered by economists. Positive consumption externalities, negative consumption externalities, positive production externalities, and negative production externalities.
a. Construct an example of a positive production externality with evidence that it is from the real world. Evidence would include a URL or other such citation. Depict the relevant market in a supply and demand model. Show exactly what the market outcome is relative to the market outcome. Identify a policy that a government could reasonably enact to solve this instance of market failure. Show the effects of the policy in a second supply and demand graph.
b. Construct an example of a negative consumption externality with evidence that it is from the real world. Evidence would include a URL or other such citation. Depict the relevant market in a supply and demand model. Show exactly what the market outcome is relative to the market outcome. Identify a policy that a government could reasonably enact to solve this instance of market failure. Show the effects of the policy in a second supply and demand graph.
3. This question relates to google, the favorite search engine of many.
a. Does Google have market power? Fully explain.
b. Has Google been accused of exploiting its market power? Please document at least one way in which a credible claim has been made against Google for behaving in an anti-competitive way in its market environment. I would prefer that you find two, but one would be plenty.
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Determine the pressure at b in psig at the rate
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Determine its empirical formula with molar mass of sodium
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Find what is the flow in cfs if the pressure at 3 diameter
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: The road has 12-ft lanes. Due toexpensive excavation, it is determined that a maximumof 34 ft can be cleared from the road's centerline toward the inside lane to provide for stopping sight distance.
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Describe the changes in price and quantity
: Describe the changes in price and quantity moving from one equilibrium to another. Be sure to identify what increases, what decreases, or what may do either.
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Define reaction and explicitly state how the reaction define
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Determine the elevation and stationing of the low point
: A 1400-ft-long sag vertical curve (equal tangent)has a PVC at station 115 + 00 and elevation 750 ft. The initial grade is -3.5% and the final grade is +6.5%. Determine the elevation and stationing of the low point, PVI, and PVT
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Determine what is the elevation of the curve at station
: An equal-tangent crest curve connects a +2% initial grade with a -1% final grade, and is designed for 55mi/h. The station of the PVI is 233 + 40 with elevation 1203 ft. What is the elevation of the curve at station 234+00
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State solutions act as buffers by placing a check in the box
: Identify which of the following solutions may act as buffers by placing a check in the box next to the mixture. A. HNO3 , NaNO3 D. H2SO4, NaHSO4
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