Explain the farmers optimal solution in the free market

Assignment Help Business Economics
Reference no: EM13868592

In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution. Explain who benefits and is harmed under the government subsidy solution? Using economic analysis and the guiding principles of sustainability, justify which solution is best.

Reference no: EM13868592

Questions Cloud

Graph production possibility frontier and why is it curved : An economy can produce good 1 using labor and capital and good 2 using labor and land. Graph the production functions for good 1 and good 2. Graph the production possibility frontier. Why is it curved?
Drop in price in the previous question increase revenue : Did the drop in price in the previous question increase revenue?
Health depreciation rate decreases : Everything else equal, if health depreciation rate decreases, the EQUILIBRIUM Health level
Why is medicare insulated from recessions : Why is Medicare insulated from recessions?
Explain the farmers optimal solution in the free market : In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution.
Describe the ethical environment that led to the fraud : describe the ethical environment that led to the fraud
The federal funds rate : Recommend whether the FOMC should rise, lower, or keep short-term interest rates (the federal funds rate) the same. Support your recommendations with your research findings.
Equilibrium price and quantity-after-tax price to suppliers : Using the results from previous question (the equilibrium price and quantity), which of the following is true or false? Explain (10 pts., 2.5 pts. each). Equilibrium quantity decreased by 4 units.(explain)
Impedances in star formation : A 400V symmetrical three phase source with grounded neutral supplies a load comprising three impedances in star formation. The impendence have the following values:

Reviews

Write a Review

Business Economics Questions & Answers

  Explain what will happen to the capital-labor ratio

You are tasked with manufacturing 12 commercial aircraft per month. A new OSHA rule requires that welders be given paid 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using the isoquant-isocost graph as an aid, explain what..

  Is the same true for fiscal expansion

Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?

  Produce to maximize your firms profits

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. what price and quantity of computers shoul..

  Relationship between the intersection points of the graphs

A company manufactures microchips. use the revenue function R(x)=x(75-5x) and the cost function C(X)=125=12x to answer parts A-E, where x is in millions of Chips and R(x) and C(x) are in millions of dollars. Both functions have domain 1 is less than ..

  Law of diminishing returns applies to which of subsequent

The law of diminishing returns applies to which of the subsequent segments of the marginal product of labour curve.

  Aggregate demand and aggregate supply gradedsurf bureau of

aggregate demand and aggregate supply gradedsurf bureau of economic analysis website www.bea.gov and access the bea

  The great inflation affected the banking industry

The Great Inflation affected the banking industry through the following channel(s).

  Which firm is more likely to be unionized

Firm A would hire 20,000 workers if the wage rate is $12 and would hire 10,000 workers if the wage rate is $15. Firm B would hire 30,000 workers if the wage is $20 and would hire 38,000 workers if the wage is $15. Which firm is more likely to be unio..

  What is rate of economic profit

If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit

  Most labor economists believe that the supply of labor

Most labor economists believe that the supply of labor is..

  1 know how to do the staticdynamic efficiency

1. know how to do the staticdynamic efficiency problem.suppose the marginal benefit and marginal cost of extracting a

  Basil robekins has an idea for a new type of ice cream cone

basil robekins has an idea for a new type of ice cream cone made from candy bars like butterfinger etc.. he thinks his

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