Reference no: EM131198638
Markets and the Economics of the Public Sector
You have been assigned to a team that has the responsibility of preparing a paper consisting of 1,750 words for the governor's next economic conference. Your paper should address the following:
• Explain why equilibrium of supply and demand is desirable.
• Explain the following concepts using the concept of consumer and producer surplus:
o Efficiency of markets
o Costs of taxation
o Benefits of international trade
• Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.
• Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.
Cite a minimum of 3 peer-reviewed sources, not including your textbook.
Format consistent with APA guidelines.
|
Determine the corresponding normal force n applied to bent
: For a given force P exerted perpendicular to the handle ABC as shown, determine the corresponding normal force N applied to the bent board near point B. Neglect friction
|
|
What you feel has made this facility a top-100 hospital
: After reviewing the hospital and health system and analyzing its services and organizational structure, you are to write a 500 to 1,000-word (two to four pages) paper on what you feel has made this facility a top-100 hospital.
|
|
What is the marginal cost function for icecream
: Suppose Icecream company has gained exclusive rights to sell Icecream in State College. The demand for Icecream is Q = 3000 − 60P. The total cost of producing Icecream is C(Q) = 6Q for Q orders of the drug. What is the marginal cost function for Icec..
|
|
Find the required depth y as a function of the length x
: Find the required depth y as a function of the length x in order for all sections to be equally effective in their resistance to bending
|
|
Describe why equilibrium of supply and demand is desirable
: Explain why equilibrium of supply and demand is desirable. Explain the following concepts using the concept of consumer and producer surplus.
|
|
Health care is so special that price will never matter
: Health care is so special that price will never matter. People will either buy what medical care they need, or they will just go without treatment if they can't afford the fees. Do you agree with this statement, disagree with it, or are you uncertain..
|
|
Key choices a client
: What are the key choices a client needs to consider about the type of work a will can do for them?
|
|
At best any other goods are worth less than dollar
: Janice really likes potatoes. At best any other goods are worth less than a dollar to her, potatoes cost $0.50 per pound, and she has $5.00 that she could possibly spend ob potatoes or other items. Suppose she feels that the first pound of potatoes i..
|
|
Explore and evaluate academic theories and concepts
: Ideally your portfolio should draw on your own primary research in terms of people's views, experience and stories and a range of appropriate academic literature - Ideally your portfolio should draw on your own primary research in terms of people'..
|