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!
Camping at Wilson's Promontory, a national park in Victoria, isn't free, but for many years now not everyone who wants to camp at Wilson's Promontory during the Christmas holidays can be accommodated, and the allocation of camping spots is settled by a lottery.
a. Could the market for campsites in Wilson's Promontory during the Christmas season be described as a market in equilibrium? Explain why or why not with the aid of a diagram. (Note: draw the supply curve of campsites as a vertical line as the number of campsites is determined administratively with concern for the environment in mind. The supply of campsites is therefore not influenced by the price of campsites)
b. As an alternative to rationing by lottery, what price adjustment can the park administrators make to deal with the holiday season shortage of campsites at the current price?
c. Compare the relative merits of lotteries and price adjustments as rationing methods. How should campsites at Wilson's Promontory be allocated among demanders?
Ask question #MinDerive the isoprofit function ?imum 100 words accepted#
Suppose that between January 2011 and January 2012 the total number of people employed and the unemployment rate both fell. Briefly explain how this is possible. [2 marks]
Frovea's currency is called the fromark, and Olympia's currency is called the olymark. In the market in which fromarks and olymarks are traded for each other, the supply of and dem
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
Foreign Direct Investment and Development: In neo-classical economic theory, FDI involves the movement of capital from capital abundant to capital scarce host countries. Mun
A company is researching the effectiveness of a new web site design to decrease the time to access a website. Five web site users were randomly selected and their times (in seconds
If taxes and government expenditures were constant and did not vary with income, then: A. passive deficits would increase. B. structural deficits would increase. C. passive deficit
Your local newspaper reports the following: the owners of the New Orleans Sandwich Shop in Seattle, Washington, found that when they priced their hot dogs (reportedly the rolls-roy
What are the best criteria to select peers for a country ?
When is a balanced budget presented?
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