Reference no: EM131426063
Question 1: What are the characteristics of monopolies and why is the output inefficient? Under
Question 2: which circumstances are they likely to occur?
Question 3: Suppose that the government is the only provider of water. The market demand function readsQ(P) = 50 - 2P. The government's total cost for producing water are described as follows:TC(Q) = 100 + 10Q.
(a) What price will the government charge if it wants to ensure an efficient allocation ofwater?
(b) What price will the government charge if it wants to maximize profits?
(c) Calculate the economic profit in both scenarios.
INSTRUCTIONS: (READ ALL INSTRUCTIONS)
NB*-Assignment must be Type written, font-times new roman, font size-12, Line spacing 1.5, justified. Use Harvard referencing style
THE FOLLOWING INSTRUCTIONS PERTAIN TO EXPECTATION OF WHAT TO INCLUDE ON COVER PAGE OF YOUR ASSIGNMENT
Your cover page for assignment must include the following;
Name: (names must be written according to how it is captured on unilus portal system)
Computer number: (must be written in full i.e. (AFIN132045....)
Mode of study: (is it distance, part time or full time)
Program of study: (bachelor of science in economics, Human Resource Management)
Note: Full time and part time students are to submit assignment in class on the due date.Do not bring at any other time.
Do not exceed one page
|
Organization name-mission statement
: Identify the organization name, mission statement, brief overview of activities for each organization: consider the information you collect via application of chapter content. Please coordinate your responses in your own words, citing (APA style) ..
|
|
Explain why carbon tetra-chloride does not dissolve in water
: Explain why carbon tetra-chloride does not dissolve in water?
|
|
How would you respond to the teacher question
: How would you respond to the teacher's question about the boys' sexual orientation, based on research? What recommendations should you, as the counselor, give to the teacher? Keep in mind research pertaining to the promotion of healthy sexual devel..
|
|
Clearances for health care workers
: Based on the Pennsylvania Child Abuse Clearance requirements, what clearances do the following Hospital staff require?
|
|
What are the characteristics of monopolies
: ECF300 What are the characteristics of monopolies and why is the output inefficient? Under and which circumstances are they likely to occur?
|
|
How might you convince him to give therapy a try
: Identify 1 benefit and 1 potential drawback that each assessment provides. How might your client react to this assistance, and how might you convince him to give therapy a try
|
|
Challenges in producing good-credible work
: What are work packages and what, in your opinion, are the greatest challenges in producing good, credible work packages?
|
|
How would you best address the clearly sinful behavior
: Of the cautions mentioned by the course materials, which ones do you think counselors most often overlook? From what you learned from the lectures/McMinn, how would you best address the clearly sinful behavior of this client
|
|
Analyze most significant economic effect of researched issue
: Analyze the most significant economic effects of the researched issues on healthcare industry. Provide at least two examples of these issues to support your response.
|