Explain the larger consumers surplus

Assignment Help Business Economics
Reference no: EM133063715

Which type of good is apt to have a larger consumers' surplus: as a public good or a private good? Why?

Reference no: EM133063715

Questions Cloud

Harmful consequences of always telling the truth : What are some of the potential beneficial or harmful consequences of always telling the truth?
Current data breaches that have occurred : What are some current data breaches that have occurred? Why have they occurred and what should businesses do to thwart these breaches?
Determine the total cost of the special order : ETU has made a firm offer of $39,000 for the hats, Determine the total cost of the special order. Total cost of the special order
Marginal cost of chicken nuggets : A local fast food restaurant has two types of customers, A and B. Their maximum willingness to pay for Chicken Nuggets and Fries is given by the following table
Explain the larger consumers surplus : Which type of good is apt to have a larger consumers' surplus: as a public good or a private good? Why?
Marxism-critical theory and multiculturalism : The concepts of exchange and administered society is crucial in the critical theory, which differs from the Marxism aspect regarding economic
Calculate annual depreciation for the five-year life of the : On January 1, 2021, the Excel delivery company purchased a delivery van for $44,000. Calculate annual depreciation for five-year life of the van
Draw impact of shock on labour demand holding : a. Using labour market diagram, draw the impact of this shock on the labour demand holding the interest rate constant. Provide an explanation
Identify and evaluate the threat to assurance engagement : MPA Partnership is tendering for the audit of Instyle Ltd for the 2021 financial year. Identify and evaluate the threat to assurance engagement

Reviews

Write a Review

Business Economics Questions & Answers

  Functions and responsibilities of the federal reserve

What are the components of U.S. money supply and what are the functions and responsibilities of the Federal Reserve?

  Argument with two or more independent reasons

In an argument with two or more independent reasons, if one of those reasons turns out to be false

  Illustrate what is marginal cost

The subsequent cell-phone offer by Sprint is typical of Illustrate what one can get on a cell phone plan. Illustrate what is marginal cost.

  Other types of variables

Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.

  Rent seeking

Rent seeking:

  Passing a law prohibiting prices above a legal limit

The United States experienced two oil shocks during the 1970s in the aftermath of the Middle East tensions. Congress said no to high oil prices by passing a law prohibiting prices above a legal limit. Supporters of such price controls said this was a..

  Concept of the aggregate-expenditures model

The expenditure multiplier concept of the aggregate-expenditures model:

  Two types of coal mines in operation above-ground mines

There are two types of coal mines in operation: “above-ground” mines, which involve very little risk to the miners, and underground mines, which are considerably more dangerous.  What would be an economist’s estimate of the value of a statistical lif..

  Derive the firms short-run marginal cost function

A firm has the production function y = x1^1/2 * x2. In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit. Derive the firm’s short-run marginal cost function.

  Elucidate the return to deficit spending century

Elucidate the return to deficit spending since the turn of the century. Consider the causes of the deficits and surpluses and provide your own insight.

  What are the reserve-deposit ratio

Assume that the monetary base is $2,000. Peple hold a third of their money in the form of currency and deposit two thirds with banks. The banks hold a third of

  What is the total cost of pollution reduction

What is the total cost of pollution reduction?

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