User Account

All Pages

How much the percentages of taxes its going to be

Assignment Help Microeconomics
Reference no: EM131151114

REVIEW EACH POST MINUMUM OF 125 WORDS EACH. PLEASE DO EACH ONE ON A SEPERATE WORD DOCUMENT.

1. A loaf of bread can range from various prices depending on the ingredients used and the demand for the loaf. Ceiling price is the set limit you can be charged and the price cannot go any higher no matter the reason. Then the floor price is the lowest set price for that type of loaf. Having your elibrium seat is when you sell what your demand is.

Everyone wants bread so the government does not regulate how its made. Farmers who get the eggs and milk to the farmer who grows the flour to the bakers who combine it and create the bread. Most of the individuals involved sell their ingredients to producers a a fair market value. Bakers who combine to make and distribute the bread then create their individual brand that is needed and wanted. price is determined by how much it costs to build and make and then how popular your b4rand is. Bread is usually set at a reason price because its widely used and easy to make.

I think graph C for the Law of Demand is used.

2. The free market is when an exchange between two individuals are voluntary and prices are determined by the open market and the consumer. Prices and supply are met freely by supply and demand. If something sells quickly then it shows it's in demand. When it comes to a free market it necessarily means that the government either has little to no control but as we all know the government has to have a little piece of the pie as well. Its called taxes something we are to familiar with. They decide how much the percentages of taxes its going to be and they also have restrictions for any new competitors. A free market contains five different steps: they choose what they want to sell, how they're going to make the product. when they're going to sell it, to who they're going to sell it to and for how much. A free market becomes more in depth due to the invisible hand, the pricing system of products and most importantly supply and demand.

References: https://www.investopedia.com/terms/f/freemarket.asp
https://en.wikipedia.org/wiki/Free_market

Reference no: EM131151114

Questions Cloud

What is the equilibrium price and quantity for oven mittens : What is equilibrium price and quantity for oven mittens? Using Microsoft Excel, construct a table that shows the quantity demanded, the quantity supplied, and the surplus or shortage associated with prices from $2 to $5.55.
Accounting standards-international global warming standards : It is still hard to understand why it is taking so long for the final decision to be made. It is interesting that so many other countries have adopted the standards and some of the countries as well advanced in their financial reporting methods. What..
Create performance evaluation for data entry clerk job : Create a performance evaluation for the data entry clerk job. In other words, what form would you give to a manager and/or the employee if you were the HR director initiating the performance review process? In addition, you should consider creating a..
Typically expect to collect unemployment insurance : If Titus is having performance issues and he has multiple bosses, he may be suffering from ______________ which is beyond his control. Workers can typically expect to collect unemployment insurance for 26 weeks under the condition that
How much the percentages of taxes its going to be : They decide how much the percentages of taxes its going to be and they also have restrictions for any new competitors.
Briefly define the three principles of learning : The ability to learn--to expand upon your existing knowledge and skills---has become a defining characteristic of those that are successfully employed. Briefly DEFINE the 3 PRINCIPLES of LEARNING..
Increase efficiency by increasing the productivity : Plans that are designed to help increase efficiency by increasing the productivity of the company’s employees and/or lowering the firm’s labor costs is known as: When considering employees who are rated as “excellent in customer service”, they are li..
Explain how the marketing plan targets the market segment : Explain how the marketing plan targets the market segment. Provide a positioning statement for your project.  • Define the products and services you will offer
How many trades must be made to break even : Use the contribution margin ration CVP formula to compute Big Time's breakeven revenue in dollars. If the average trade leads to $800 in revenue for Big Time, how many trades must be made to break even?

Reviews

Write a Review

Microeconomics Questions & Answers

  Estimate the mean and standard deviation

Suppose that you have the following sample: {3,4,4,6,8} estimate the mean and standard deviation.

  Inflation adjusted outcome and the unadjusted outcome

What has happened to revenue imbalance, unadjusted for inflation, for the NFL over time and what differences do you find between the inflation adjusted outcome and the unadjusted outcome.

  How to use subscripts to differentiate the two women

For this question, you are to draw two of these alternate graphs. The first graph should show the situation for two women who have access to the same market wage rate, but one chooses to work in the market (an interior solution)

  What was the rate of inflation over the time period

If the Consumer Price Index rises from 200 to 220 over 12 months time, what was the rate of inflation over this time period?

  Determine price and output do they set find the output

nbspthree oligopolists a b and c produce an identical product q. q is produced under conditions of constant costs

  Which strategy would be more effective in the long run

One government strategy to provide for economic stability and encourage economic growth is to provide tax reductions or tax incentives for individuals and businesses. An alternative approach is to increase government spending to accomplish these g..

  Financed at an interest rate

A friend of yours just bought a new sports car with a $4500 down payment, and her $27000 car loan is financed at an interest rate of 0.50% per month for 48 months. after 2 years, the "blue book" value of her vehicle in the used car marketplace is $13..

  Calculate the profit maximizing price and quantity

Calculate the profit maximizing price and quantity of subscriptions for the U.K. and indicate each on the appropriate graph. Do the same for the U.S.

  Determine the value of sectoral for given question

What impact an increase of 3 % in final demand for manufacturing products has on the sectoral and national outputs.

  Should marketing or sale be responsible for generating leads

1-) Which step of the personal selling process has been most impacted by Internet technology 2-) Should marketing or sales be responsible for generating leads 3-) How does the salesperson determine whether the lead is good prospect

  Why is estimating the product demand so crucial for a firm

Why is knowing (or estimating) the product demand so crucial for a firm? In your response of the post you should include an example of a business that has suffered from poorly estimating the demand of its products.

  A fall in the tax rate on capital will cause the aggregate

A fall in the tax rate on capital will cause the aggregate expenditure curve to shirt up and aggregate demand curve to shift to the left, all else constent

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