User Account

All Pages

Graph the dynamically efficient market

Assignment Help Business Economics
Reference no: EM13123594

1. Know how to do the static/dynamic efficiency problem.

Suppose the marginal benefit and marginal cost of extracting a nonrenewable resource is given by MB = 60 -0.5Q, MC = 10.

1) Graph the dynamically efficient market for two periods on one graph.

2) Graph the dynamically efficient market for each period on it's own graph. Suppose the government sets a price control equal to 20.

3) Illustrate the deadweight loss that results from the price control in each period. Why is this a deadweight loss? (Hint: Now that you know the dynamically efficient quantity and price for each period, graph each period on it's own graph. Impose the price control. Find the quantity that occurs in the 1stperiod with the given price control. How much is left over for the 2ndperiod? Find the deadweight loss in each period.)

2. Cap, Tax, or Neither? Please answer the each question around 5 sentences. And reference the attached articles.

  • Do you support an emissions cap, emissions tax, or neither? Be sure to support your argument with economic reasoning. 
  • If you don't support an emissions cap or tax, do you have a different potential solution or idea for decreasing emissions?  What is it?

Reference no: EM13123594

Questions Cloud

Confidence interval for population using historical data : Historical data suggests a standard deviation in the first sample of 10 and a standard deviation in the second sample of 16. Find a 95% confidence interval for the population difference.
Analyticity and differentiability : Assume that f(z) is analytic at the origin and f(0) = first derivative of f at 0 = 0. Prove that f(z) can be written in the form f(z) = [z^2]g(z), where g(z) is analytic at z = 0.
Graphing a linear equation : Graph the linear equation for the indicated values of the independent variable.Show this on a Graph as well as the formula
Amount of overhead cost : The amount of overhead cost that the company applied to work in process for October was:
Graph the dynamically efficient market : Graph the dynamically efficient market for two periods on one graph and graph the dynamically efficient market for each period on it's own graph. Suppose the government sets a price control equal to 20.
Suppose v and w are two normed spaces : Suppose (V, | * |) is a normed space. If x, y E V and r is a positive real number, show that the open r-balls Br(x) and Br(x + y) in V are homeomorphic.
Find sample to be accurate within ten peaches per tree : Find the 98% confidence interval for the mean number of peaches per tree. How many trees does she need to sample to be accurate within 10 peaches per tree?
Determine population for production line to be tested : Ninety of these flashlights are selected at random from the production line to be tested, and 15 are found to be defective. The population is?
Graphing binomials from trinomials : Using graphing to check your answers is helpful. When you factor a trinomial into two binomials, each binomial represents a linear relationship. If you plot the two binomials (which are just lines) on a graph

Reviews

Write a Review

Business Economics Questions & Answers

  Explain which method market or fiscal policy work better

Illustrate how the market, if left alone, would move us out of the recessionary gap. Also, explain all, if any, fiscal policy steps that can be used to lift us out of the recessionary gap. Explain which method, the market or fiscal policy, do you ..

  Explain the types of incentives for providers

Explain the types of incentives for providers for efficiency in the delivery of healthcare services.

  Theory of consumer choice

When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.

  Evaluating the rate of return for the new equipment

Converse Elucidate how you might go about evaluating the rate of return for the new equipment.

  Position of the demand curve

What would happen to the position of the demand curve for dental services if patients had to wait even longer for an appointment with a dentist.

  What should the jackpot be before the expected payoff

What should the jackpot be before the expected payoff is worth your $1.00 bet. Assume that the state takes 60% of the jackpot in taxes, that no one else is a winner, and that you are risk -neutral.

  Elucidate the effects of such expectations

elucidate the effects of such expectations on the following variables today: output (Y), nominal interest rate (i), exchange rate (E), investment (I) and trade balance

  The central bank do to keep the peso cost of the dollar

Illustrate what must the central bank do to keep the peso cost of the dollar equal to Peso 3.4425 subsequent the speculators activities.

  Using excel and hand in your work as an excel file

Doing the work on paper and then writing the answers in Excel does not count as work and will earn zero points for this part of the assignment.

  Advise johnny to demand from the record organization

Illustrate what is the marginal income for each 10,000 increase in the quantity sold. Illustrate what recording fee would you advise Johnny to demand from the record organization.

  What is size of each data register

The same size of word for data and instructions, what is the size of each data register. Elucidate what is the size of the instruction register of the computer in the fist question.

  Intellectual piracy hurt american companies

Explain how do acts of intellectual piracy hurt American companies.

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