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Supply and Demand anti-terrorism regulation Edition
a) Suppose that the US Department of Homeland security is concerned about the prevalence of airborne biological weapons in large sporting events in the US. Begin by assuming that there is no government policy yet. Consider the market for a system called Early Warning and Response (eWAR) which detects and eliminates pathogens from heating, ventilation and air conditioning. (HVAC) systems in large buildings. These systems are produced by manufacturing companies and purchased by large building owners. Draw a supply and demand diagram (no need for numbers) that reflects the equilibrium number of eWAR systems produced in the absence of government regulation. Suppose the eWARs are extremely expensive. In one or two sentences, explain your rationale for drawing the graph the way you have.
b) Suppose the government mandated that eWAR be installed in all large buildings holding over 10,000 people. Indicate on the graph what this policy means in terms of the quantity of eWAR installed, the price of eWARs, consumer and producer surplus as well as deadweight loss.
c) Suppose that there is a large benefit to society of installing eWAR that perhaps building owners are not incorporating in to their demand for them. What would the value of this “external” or spillover benefit have to be larger than to make the government program pass a cost benefit criterion?
q1. the price of a laptop increases by 20 and there is a 40 drop in the quantity demanded. the price of a pack of
Develop an alternative analysis for a family of three, where both parents work fulltime and the third person is a young child, looking to purchase a $150,000 dwelling and they are considering whether to purchase a single family home, a townhouse, or ..
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Assume the money supply (M) is $1,200 billion, bank deposits (D) are $800 billion and the required reserve ratio is 10%. What would the Fed have to do (in terms of open market operations) to lower the money supply by 5% ? Explain.
Lionfish is an aquatic invasive species in the southeastern U.S. and the Caribbean. Current removal policies focus on harvesting the lion fish for human consumption. However, a fishing license is required to fish in most southern states
Think about a product that you have purchased recently (e.g. soda, diapers, takeout meals, milk, shoes, manicure/pedicure, video game, etc.). Explain how the law of demand affected your purchase. Give specific examples of how the determinants of dema..
You purchased a machine for $1,200,000 (installed), and you depreciated it using a 5 year MACRS. In year 3, you sold the machine for $700,000. You financed 70% of the purchase price on a 5 year loan at 8%. Your company is in a 35% tax bracket. Show t..
If the price of an airline ticket from SFO to LAS were to increase by 20%, from $250 to $300 roundtrip, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens.
When a chef creates a dinner plate of food for a customer, which of the following represents the physical capital resource?
Compare the risks of borrowing in the form of debt and receiving FDI in the form of equity. If debt is generally considered more risky to borrowers than equity, why is so much borrowing by foreign nations in the form of debt rather than equity?
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