Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Demand and Supply Curve, Consumer Surplus and Producer Surplus, Deadweight Loss (DWL) and Tax
Suppose that the market demand for bus rides is given by Q=420-30P and the market supply of bus rides is given by Q=30P, where Q is bus rides per week in thousands and P is the price per bus ride in dollars.
a. Find the equilibrium price/quantity combination for bus rides.b. How much is spent on bus rides? What is consumer surplus in dollars at this equilibrium? How much is the total benefit in dollars from bus rides?c. How much does it cost to provide these bus rides? What is producer surplus in dollars at this equilibrium? How much is the bus companies' total revenue?d. Graph your results (please be explicit).
Suppose that the state government decides to tax bus rides in an attempt to reduce its budget deficit. The tax is $2 per bus ride. The tax will be collected by the bus companies and remitted to the state government.
a. Find the new equilibrium prices to bus riders and to bus companies, the new equilibrium quantity and total tax payments in dollars to the state government (Remember: Ps=Pb-T).b. What is the deadweight loss in dollars due to the tax?
Trade off liberalization conflict with morally-conscious environmental policies. While it is true that economic growth is necessary for general welfare
Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.
Elucidate how the circular flow diagram also explain the interaction of households, government, and business.
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Compute the linear function equation if drink consumption is a linear function of the number of students.
The agricultural market for corn usually can be characterized as a purely competitive industry. How might the following events affect the shot-run cost curves and output for a firm in the industry?
Discuss the impact of these relations in the economies of Europe, China, and the U.S. Create a table in Microsoft Word to present the data and your analysis based on the data.
What is the optimal level of production of wine decanters? Verify that this level of output maximizes not minimizes profit
The following quotations are from an article in the Financial Times on November 9, 2007:
What money supply must the Bank of Canada set next year if it wants to keep the price level stable? What money supply must the Bank of Canada set next year if it wants inflation of the ten percent?
Elucidate how might raise the chance that the employee would retire earlier as compared with the situation where the employee had to pay for his own health insurance.
Maker an article or current event article which relates to government regulations or antitrust activities.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd