Is the pareto efficiency satisfied at the price ceiling

Assignment Help Macroeconomics
Reference no: EM131239545

Suppose the government imposes a price ceiling for rental apartment s at 70% of the current market price. What is a main reason for this type of price control? Is the Pareto efficiency satisfied at the price ceiling? Explain.

Reference no: EM131239545

Questions Cloud

Cost-minimizing mix of capital and labor : Is Doughdaddy using the cost-minimizing mix of capital and labor to produce doughnuts? If he wants to increase output, should he use relatively more capital or relatively more labor?
Find smallest number of colors needed to vertex color : Find the smallest number of colors needed to properly vertex-color each of the above graphs. Note that the vertices are drawn so that you can fill them in with colors, should you happen to have colored pens/pencils with you (and should you be will..
Determine the initial amounts of co : Calculate the extent of reaction, and using that value, determine the initial amounts of CO and Cl2 that were used in the reaction.
Identify the presenting the presenting issue : Identify the presenting the presenting issue. Using the EBP process, identify a searchable question for her issue; ONE client factor that should be considered when planning for treatment; identify one clinician factor that is important to note.
Is the pareto efficiency satisfied at the price ceiling : Suppose the government imposes a price ceiling for rental apartment s at 70% of the current market price. What is a main reason for this type of price control? Is the Pareto efficiency satisfied at the price ceiling? Explain.
Design a greedy algorithm for coloring vertices of a graph : Your algorithm addresses the edges in some order. Try it out on the graph in Figure 13.14. In fact, try your algorithm with each of the edge orderings given in Figure 13.14. Does your algorithm give the optimal coloring in each case?
Explain two alternatives that give more accuracy : Use the duration model to estimate the 20-day 90% VaR for the portfolio. Explain carefully the weaknesses of this approach to calculating VaR. Explain two alternatives that give more accuracy.
Cacluate the flow rate of liquid to the waste lagoon : Without assuming a basis of calculation, draw and label a flowchart for the process. Cacluate the flow rate of liquid to the waste lagoon, and the mass fraction of chromium in the liquid over the given range.
Permanent inter governmental organization : The Organization of the Petroleum Exporting Countries (OPEC) is a permanent inter governmental organization, currently consisting of 12 oil producing and exporting countries, spread across America, Asia and Africa. OPEC Countries produce about 40%..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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