User Account

All Pages

Gain to society of the innovation

Assignment Help Business Economics
Reference no: EM132083265

Given that the net gain to society of the innovation is positive, why might a government still want to suppress the innovation? (Hint: Does a government consider all consumer and producer surplus to be equal? How might this relate to the nature of the political system?)

Reference no: EM132083265

Questions Cloud

Inflation and the unemployment rate : Inflation and the unemployment rate typically have an inverse relationship. Which policy's, expansionary or contractionary
What is the name of the revenue recognition method : Walter's Appliance Company signs an agreement with a customer to sell and install a washing machine. The machine costs $700 and the installation $200.
Good growing weather australia produced a plentiful wheat : After a period of good growing weather Australia produced a plentiful wheat crop - does this mean that it will not have a scarcity problem in regards to wheat?
What is the project average accounting return : The Waitangi Group has invested $24,000 in a high-tech project lasting three years. Depreciation is $7,300, $10,500 and $6,200 in Years 1, 2, and 3.
Gain to society of the innovation : Given that the net gain to society of the innovation is positive, why might a government still want to suppress the innovation?
Explore early childhood academic courses : I know they used corn to make ethanol but didn't know they've moved on to using the stocks and stubble left over after the harvest.
What effect will order have on the company short-term profit : Walnut has received a special order for 2,700 units of its product at a special price of $200. The product normally sells for $260 and has the following.
How are his policies currently affecting the world : How would you explain the general economic interest of Donald Trump? How are his policies currently affecting the world?
Display the demand where the price is always zero : How do we draw a supply and demand curve for a limited (inelastic) supply of a free service, where the demand has doubled in ten years?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd