What is the total amount of subsidy equal to

Assignment Help Business Economics

Reference no: EM131392157

Orsell Events, LLC conducts a 10K event every year. The registration fee to join is $35. Currently 1,000 individuals run the race. Those who join 10Ks become healthier and save trips and spending at the doctor's clinic and possible hospital confinement. The higher social demand curve for the 10K event estimates that this benefit should spread out to more people and that 2,000 should join. However for this to happen and gain this double participation, registration has to drop to $28 per participant. The local Health Department is willing to subsidize Orsell Events for this to happen. What is the total amount of subsidy equal to? a. $14,000 b. $7,000 c. $28,000 d. $56,000 e. none of the above

Reference no: EM131392157

Questions Cloud

What do gordon and goldin mean by the great compression : What do Gordon and Goldin mean by the” great compression”? When did it occur? Has it continued? Can you give a reason for both events? What are the implications that Gordon highlights in terms of productivity?

Calculate the gains from trade : Consider two neighboring island countries called Contente and Felicidad. They each have 4 million labor hours available per week that they can use to produce jeans, rye, or a combination of both. Calculate the gains from trade—that is, the amount by ..

How much is she valuing her own life : John, an experienced and slick bank robber recruited Evelyn to rob a bank. Plans were set for them to acquire exactly $10 million from the bank vault. The odds of them dying in this heist is 1 in 10. Assuming that Evelyn was promised a share of 1/4 o..

What is outsourcing and subcontracting : Give an example of a small or medium enterprise, a summary and what they can do to be more sucessfully. Provide one economic argument in support of zonning and one economic argument in against of zoning. What is degree centrality? How does the govern..

What is the total amount of subsidy equal to : Orsell Events, LLC conducts a 10K event every year. The registration fee to join is $35. Currently 1,000 individuals run the race. Those who join 10Ks become healthier and save trips and spending at the doctor's clinic and possible hospital confineme..

Increases where is the new point relative to point : Given a point E in an IH-IS space, if r increases and q increases where is the new point (E') relative to point E? Given 4 treatments, their survival rates, and cost: Treatment Z: 50%, $3,000 Treatment Y: 60%, $4,000 Treatment X: 66%, $4,100 Treatmen..

Cost can be classified as excess burden : Given the Zika virus spread which item (s) cost can be classified as excess burden? a. spraying of insecticides b. installing mosquito bed nets c. treating those found to have the virus d. all of the above e. a and b.

Draw the budget contraint of the consumer : Suppose a customer is able to consume the following bundles of rice and beans when the initial price of rice(x) is $5 and the initial price of beans(y) is $10. This consumer's initial income is $100 dollar. Draw the budget contraint of the consumer.

Low immune system was spared from getting the flu : Because Ryan got a flu vaccine, his roommate Mitch who had a low immune system was spared from getting the flu. This is even without Mitch paying for and getting a vaccine. This implication in this specific story is that because of

User Account

All Pages