Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A government decides to reduce air pollution by reducing the use of petrol and imposes a specific tax of £0.50 on energy companies for each litre of petrol sold.
a. Use a supply and demand diagram and show the effect of the tax on consumer and producer surplus and comment on the incidence of the tax on consumers of energy and producers of energy.
b. Should it impose this tax on petrol companies or motorists? Explain, using a supply and demand diagram.
c. If the demand for petrol were more price elastic, would this tax be more effective or less effective in reducing the quantity of petrol consumed? Explain with both words and a diagram.
d. Are consumers of petrol helped or hurt by this tax? Why?
What action can the federal reserve take to reduce unemployment? What is the primary tool used by the federal reserve to accomplish the action you listed in part A? Explain, in detail how this tool works.
Discuss with details, how an interest rate increase will affet banks' balance sheet and income statement in terms of profitability and risk.
The state of Delaland has two types of town. Type A towns are well-to-do, and type B towns are much poorer. Being wealthier, type A towns have more resources to spend on education; their demand curve for education is Q = 100 – 2P, where P is the pric..
Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?
What are the costs of unemployment and underemployment on the economy? Which of them do you think is a more serious "problem" for the economy?
The supply and demand for wheat are given by QS= 20 + 100p QD = 4000 - 100p +10Y Where Y is the average consumer income. Solve for the equilibrium price and quantity as functions of the consumer income.
Purchased for $840 one year ago, 4% coupon rate, sold for $894. The inflation rate was 5.0% during the year. Would you consider this an appropriate investment
What types of economic policy would you recommend to reduce the U.S. debt? Why?
Assume that the egg industry is a perfectly competitive is in long-run equilibrium. Now suppose there is an increase in consumer tastes for eggs so that there is an increase in demand for eggs. showing the short-run equilibrium and how long-run equil..
Suppose a firm’s production function is given by the following equation: Q = min(5K, 10L). If the firm is using 4 units of capital and 3 units of labor, how much output are they producing? Is this firm operating efficiently?
Lora, Missouri, must either contract out its landfill operations or build a new municipal landfill.
Super freakonomic chapter 5 Explain the concept of an externality. Distinguish between a positive externality and a negative externality and give example of each. Finally, explain how the market equilibrium when the externality is not accounted for c..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd