User Account

All Pages

Southern new hampshire university

Assignment Help Business Management
Reference no: EM131249484

Southern New Hampshire University

This question is like question #18 in Chapter 2: Managerial Economics and Business Strategy by Michael R. Baye & Jeffrey T. Price
Numbers details are just different

From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers who make $10 million in withdrawals from other banks' ATM machines. On average, noncustomers earn a wage of $20 per hour and pay ATM fees of $3.25 per transaction. It is estimated that banks would be willing to maintain services for 5 million transactions at $0.75 per transaction, while noncustomers would attempt to conduct 21 million transactions at that price. Estimates suggest that, for every 1 million gap between the desired and available transactions, a typical consumer will have to spend an extra minute traveling to another machine to withdraw cash.

Instructions: Round your answer to the nearest penny (2 decimal places)

A) Based on this information, what would be the nonpecuniary cost of legislation that would place a $0.75 cap on the fees banks can charge for noncustomer transactions?

B) What would be the full economic price of this legislation?

Reference no: EM131249484

Questions Cloud

Wage rate falls and the income effect : The wage rates rises and the substitution effect is greater than the income effect. The wage rate falls and the income effect is greater than the substitution effect.
Wages between the average male and female worker : Which of the major systems for maintaining performance is likely to be most effective with professional employees? blue-collar employees? white-collar employees? Why?
Combination of high inflation and high unemployment : In the late 1970s much of the world suffered from stagflation, a combination of high inflation and high unemployment. Many countries, such as France, chose to increase their money supplies in an effort to stimulate growth and reduce unemployment...
What was called the mommy track in organizations : What are the advantages and disadvantages of having two career tracks in an organization: one for women with children and one for women without children?
Southern new hampshire university : From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers who make $10 million in withdrawals from other banks' ATM machines. On average, noncu..
Cafeteria style benefits plan ensure that employee : How might a cafeteria-style benefits plan ensure that employers do not discriminate in favor of employees with families?
Efforts of the federal reserve : After reading the information, and completing some research on your own, what do you think? Has the efforts of the Federal Reserve helped only the wealthy while doing little or nothing to help the poor? Or has the policies put in place by the F..
Describe the assessments that are utilized to write reports : Discuss at least two ways in which a forensic assessment may be required in each type of civil forensic case. Identify the specific psycholegal issues to be addressed in each type of evaluation. Discuss the role of the independent medical examiner or..
Dollar over that five-year period : According to the short-run model presented in KOM Chapter 15, would you expect the Australian dollar (A$) to have appreciated or depreciated vis-à-vis the U.S. dollar over that five-year period? Why? What actually happened?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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