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Tokopedia is an online marketplace established in indonesia

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Reference no: EM132500135

1. Tokopedia is an online marketplace established in Indonesia. So that it can be said that the Tokopedia market is Indonesia.

The statement above is true or false? Explain the reason for the answer.

2. Bayer Gmbh. managed to find a new technology to be able to produce aspirin at a much lower cost. They are considering whether they will reduce the price of aspirin.

a. Illustrate changes in price and quantity on the supply and demand curve if it is known that aspirin demand is very elastic.

b. Illustrate changes in price and quantity on the supply and demand curve if it is known that aspirin demand is very inelastic.

c. Compare how the Quantity and Price changes occur in the two curves. Explain.

d. Of the two demand curve conditions, which condition is more favorable for consumers? Why? Under what conditions Bayer Gmbh. Decided to reduce the price of aspirin? Explain the reason for the answer.

3. Toyota Innova car enthusiasts are known to have a low marginal rate of substitution (MRS) of space (interior area) and acceleration. Ferarri car enthusiasts have a high MRS. Draw the indifference curve of the two groups and explain.

4. The supply and demand of gasoline in Indonesia has an equation: QS = 20,000 + 0.73 P QD = 37,000 - 1.75P

a. Draw a Supply and Demand curve from gasoline in Indonesia

b. Determine the Quantity and Price of the market clearing?

c. Calculate net loss of total (deadweight loss), if the government sets a ceiling price of gasoline of Rp 5,000. By setting ceiling prices, producers or consumers whose conditions are better. Explain the reason for the answer.

5. The Indonesian government decided to increase the cigarette excise tax. The results of the increase in cigarette excise tax will be used to help BPJS Health financing. We know that cigarettes have very inelastic demand. A. Make an illustration of the Government tax revenue from the cigarette.

B. According to you, from the results of the illustration, who is making a greater contribution to BPJS Health. Cigarette entrepreneurs or business people?

C. From the results of your calculations and analysis, do you agree to use an increase in cigarette excise to help BPJS Health? Explain the reason for the answer.

Reference no: EM132500135

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