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!
Your Tasks Assume that you have been employed as a consultant to write a report on fuel subsidies. It should follow a normal report structure.The main body of the report should answer the following questions:1/ Using a supply and demand diagram illustrate the impact of Asian fuel subsidies.Indicate the equilibrium quantity and price without a subsidy and with a subsidy. (10% of marks). 2/ Explain which people gain from the subsidy and which people lose. (10%).3/ Say the income elasticity of demand for fuel for China is 2.0 and the price elasticity of demand is -0.2. If incomes grow by 10% over the next year calculate the impact on equilibrium fuel prices if quantity supplied remains fixed. (10% of marks). 4/ Explain why the long run price elasticity of demand for fuel is likely to differ from the short run elasticity.(10% of marks). 5/ Discuss the externalities involved in the fuel market. (20% of marks). 7/. Discuss the arguments for and against lowering the fuel subsidy. (20% of marks). Assessment Outcomes At the end of this assessment you should be able to :Understand the basic microeconomic principles of: supply and demand, elasticity, externalities.Apply these principles to analyse a particular marketUse the Harvard Referencing scheme correctlyWrite a well structured and presented report.
Illustrate using a fully labeled supply and demand graph what such an artificial price looks like - Explain what the results of such a move are for the graham cracker market - Explain in economic terms why private firms would not run a lighthouse.
The relationship between the number of people
Normal 0 false false false EN-US X-NONE X-NONE You spend $1000 dollars and..
Points on Demand Curve Price(Per ounce) Quantity (Ounces per show)Compute the price elasticity between point D to point E and G to H. Instructions: Enter your responses rounded to two decimal places. Do not include a minus sign Use the mid-po..
Why, under an autarky, does Production have to equalConsumption If the consumption point is on the productionpossibility curve, why does this automatically mean that the production point will be the same as the consumption point
What variables are used? Why are the variables used in the model?, Consider relation among measurable variables, what is the impact of an independent variable X on a dependent variable Y, what are some additional independent variable that could in..
Why would a more credible commitment by the Fed to a stable price level tend to reduce long-term interest rates?
Some managers in the firm are worried, however, about a shortage of resources (i.e., available consultants) to complete these jobs. Is yours a "good" bidding record? Describe carefully how you would make this assessment.
As an economist you have been tasked to address a meeting of a company on international professional to describe the differences between micoeconomics and maroeconomic and give real world example.
"Socio-Economic Factors in Health Care" Please respond to the following: How do socio-economic factors affect the delivery of health care?
Y= C0 +Io+Go+X0-M, M=mo+m1yd,C=co+c1yd,T=tY and Yd=Y-T Show that equal change in taxand government expenditure areexpansionary to theeconomy?
Explain the dissimilarity between the human capital and signalling theories of education. Identify whether each of the following raises labor demand or lowers labor supply (includes slowing labor supply growth) in labor market X.
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