Q: What can you say about Tax incidence in our country, who carries the burden more? Give examples and ...
A: Tax is the compulsory payment made by the Individual and any organisation to the government without ...
Q: 25) What costs do firms that shut down in the short run still have to pay? A. marginal cost B. fi...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: Consider the two period consumption savings problem faced by an individual whose atility is defined ...
A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...
Q: MODIFIED TRUE or FALSE. Write "T" if the given statement is TRUE, correct and valid. Write "F", if o...
A: Note:- Since we can only answer one question at a time, we'll answer first three. Please repost the ...
Q: Assume that the annual rate of inflation is expected to be 4 per cent per annum for the next five ye...
A: When a currency's value decreases over time, it is called inflation. Over some time, an economy's av...
Q: 1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q: ...
A: Introduction Inverse demand function P = 10 - 0.05 Q Qd = 200 - 20 P Inverse supply function P = 1 +...
Q: questions below pertain to converting the following a, A→ X b. AY a, Y →A b, X → A A, AX Question 4 ...
A:
Q: A monopolist produces an output level Q1 = 200 where marginal revenue is equal to marginal cost. At ...
A: Given; When MR=MC, Q1=200 P1=$300 ATC= $250 • MC=MR at $100.• Marginal revenue is $0 at Q2 = ...
Q: A company is considering the purchase of a generating set to supply the electrical needs of his offi...
A:
Q: This second question gets you to work through the efficiency implications of market power. As econom...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Q: As the case of the refined petroleum market, MBp=90-0.3Q, MCp=30+0.1Q, marginal profit=60-0.4Q, marg...
A: Negative Externality is the coat of society because it reduces the wellbeing of society such as poll...
Q: Question Two (Government actions that reduce market power) A monopoly drug company produces a lifesa...
A: A price ceiling is an upper limit on the price implemented by the government. It is the type of pric...
Q: Country X can produce 1,000 units of food and 2,000 units of clothes. Country Y can produce 1,000 un...
A: Country X can produce 1000 units of food and 2000 units of clothes. Country X's opportunity cost of...
Q: progress being ight against poverty Most development economists now seem to agree that the level and...
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you...
Q: Use the graph and the inverse demand equation (P=50 - .5Q), inverse supply equation (P=0.333Q) and t...
A: here in this question we find that the inverse demand function=P=50 - .5Q where the slope of the dem...
Q: MIXED STRATEGY NASH EQUILIBRIUM Consider the following game in strategic form. bị b2 a1 19,1 80,70 a...
A: Mixed strategy games are those in which players choose any strategy based on a probability distribut...
Q: True or false question below. A country's level of trade is measured by exports as a percentage of ...
A: In international trade, countries trade with each other by exporting and importing goods and service...
Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...
A: When talking about elasticity of demand, it is the economic concept which explains the responsivenes...
Q: True or false questions. Need both. GDP measures the gap between a country's exports and its imp...
A: "Gross domestic product (GDP) measures the monetary value of the final products or services produced...
Q: The normal-form game bax belowoutlines a generic game for two players to illustrate basic principles...
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be answerin...
Q: You are given the information about production relationships between imagined country of "Wunderland...
A: Given Input per bushel of rice output Input per yard of cloth output Wunderland 75 100 Res...
Q: Multiple choice - microeconomics 41) Where is the competitive firm’s short-run supply curve located...
A: During the short run, only one factor is variable and the rest of all the factors are fixed factors....
Q: Problem 1 Knott's Industries manufactures three models of backyard swings: Standard, Deluxe, and Pre...
A: There are a total of 5 machines available. We need to find out the total amount of time for which ea...
Q: A firms production function is Q (L) = 15L2 - 0.1L3 = where output (Q) is a function of a single in...
A: (i) Total Product=Output=15L2 - 0.1L3 FOC: Maximizing TP : Differentiating TP function wrt L and equ...
Q: (Optional) Construct the payoff matrix for your that satisfies the following requirements. First, e=...
A: Given information 2 players Each player has 3 strategy There should not be saddle point solution
Q: 4. 6) Assume the definition of deductible elasticity that gives non-negative figures for normal dem...
A: Monopoly market refers to those markets in which there is a single seller who charges the higher pri...
Q: Suppose the government offers investment tax credits to firms. In the market for loanable funds, the...
A: The interaction between the demand for loans and the supply of savings helps in determining the real...
Q: What can you say about Tax incidence in your country, who carries the burden more? Give examples and...
A: Taxes are unintended fees placed on individuals or companies and levied by a government agency – reg...
Q: Bid 1: 9% per year, compounded quarterly Bid 2: 3% per quarter, compounded quarterly Bid 3: 8.8% per...
A: When compounding effects are considered, the real return on a savings account or other interest-payi...
Q: You are running a chocolate factory and need to decide on the price to sell the chocolate as well as...
A: Profit maximiser firms decide to charge price and output determination is set when marginal cost and...
Q: TRUE or FALSE. If the statement is correct, write TRUE on your answer sheet. If the statement is inc...
A: In a market, additional information about a specfiic good will influence the demand and supply decis...
Q: 2. Most development economists now seem to agree that the level and rate of growth of GNI and per ca...
A: There are many factors that will describe whether an economy is developed or not. Some factors are p...
Q: what do you think are the major implications of Ukraine-Russia crisis? Consider a particular good or...
A: A Russian military buildup on Ukraine's border is planned for 2021 and 2022. This heightened tension...
Q: Suppose that initially Px = 2, Py = 8, I 0.5Рх 96 and the Marshallian demand function for %3D 0.51 g...
A: Given the demand function of good Y: Y=0.5IPY+0.5PxPY-0.5 .... (1) Px =2, Py=8 and...
Q: Give an example of an Elastic product, what makes it elastic? What can make it become inelastic? Gi...
A: The demand for the product is elastic when the change in quantity demanded of the good is more than ...
Q: Figure 1 Price S+ tax 6.00 5.00 4.00 3.00 2.00 1.00 50 60 Quantity Refer to Figure 1. What is the sh...
A: The imposition of tax on suppliers would reduce the aggregate supply and the price of goods will inc...
Q: is the singlé most important source of productivity. Current saving O Equity Technological advanceme...
A: Productivity in economic terms is that the measure of output per unit of input. The units of input a...
Q: 2. Assume the supply and demand for paper is given by the following: Demand: P =1500 – 0.1Q Private-...
A: Introduction Demand function has given as P = 1500 - 0.1Q Multiply the above equation by Q, we have ...
Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...
A: When comparing elasticity of demand, it can be said that inelastic demand is when coefficient of ela...
Q: Which of the following best describes a progressive tax system? It redistributes income from lower i...
A: Progressive tax system is a system where people with higher incomes be higher taxes and people of lo...
Q: wns a house that is worth $100,000. There is a 0.1% chance that the house will be ly destroyed by fi...
A: We have, House worth is $100,000 Destroy chance by fire = 0.1% u(x) = x x = wealth
Q: Describe the main assumptions of perfect competition and monopoly. please provide detailed answe...
A: Perfect competition can be described as a situation where there are large number of buyers and selle...
Q: How do you expect future oil prices to behave? Please justify your response.
A: The economies around the globe are involved in various economic and financial activities. The econom...
Q: M/c question - Micro 19) Refer to Figure 14-3. When the price is P2 and the firm maximizes its prof...
A: The firm makes the zero economic profit where the price is equal to the average total cost.
Q: 2. There are three student canteens serving different types of foods located at the campus. Table be...
A:
Q: A procurement engineer bought a large transformer core for Php 250,000. Other expenses including ins...
A: Book Value=P-tP-SLtNow, Total cost (P) = 250,000+30,000 =280,000Salvage Valu...
Q: Normative analysis can best be shortened to ___________, while positive analysis is best shortened t...
A: Answer: Introduction: It is clear that normative analysis, often known as normative economics, is pr...
Q: 3. How much do you need to deposit today (P) to withdraw BD25,000 at n=1, BD3,000 at n= 2, and BD5,0...
A: Given amount to withdraw in year 1 = 25000 Year 2 = 3000 Year 4 = 5000 Interest rate = 10 %
Q: Suppose that an economy that is initially in equilibrium sees an increase in investment spending. Ex...
A: Equilibrium in the market of goods and services occurs at the intersection of aggregate demand and a...
P3. Graphically explain the negative effects of quotas. How about subsidies? Label and explain results in detail.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- 1) World market price= 1.5. In absence of trade price of wheat equals $1. D=80-20P S=40+20P ABC Problem 2 In the example of problem 1, suppose Foreign offers exporters a subsidy of 0.25 per unit. a. Determine and graph the effects of the export subsidy on the price of wheat and the quantity of wheat supplied and demanded in Foreign. b. Determine using a graph the effect of the export subsidy on the welfare of each of the following groups: (1) Foreign wheat producers; (2) Foreign consumers; (3) the Foreign government.Demand 2005q Supply = Q = 40 + 2p (Foreign) and Q Q = 40 + 2p (Foreign) and Q = 60+ 2p (Domestic) Step 1: Find Price and Quanity with no Quota. Step 2: Find the Price and Quanity with a Quota = 10. Step 3: Show on graph the change in supply and demand. چارFantaa is the only soft drinks manufacturer in Country V. Weekly, Fantaa is able to produce 6.34 million cans of soft drinks. Residents in Country V loves Fantaa's soft drinks and consume all 6.34 million cans of soft drinks. The market-clearing price is $0.89 per can. Answer the following questions: a. When the domestic supply and demand for soft drinks in Country V are equal, the market is? E suppliers, U for Unable to make a conclusion or P for totally impossible and only theoretical. Type E for in Equilibrium, M for needing More b. Health experts in Country V found that it is extremely unhealthy to consume a large number of soft drinks. They decided to lobby and pressure the government to implement a price floor of $1.33 per can of soft drink. If the price floor is implemented, it is expected that the quantity demanded for Fantaa's soft drinks will drop to 4.95 million cans. It is given that the opportunity cost of producing the last can of soft drink at 4.95 million cans is $0.55…
- Figure 3.20 depicts the market for blueberries in the country of Roni. a. Suppose that in an attempt to boost the price of blueberries for its farmers, the government of Roni introduces a quota that limits the total amount that farmers can sell to 200 000 kilos. What is the maximum price at which this quantity could be sold?| b. What would be the farmers' total revenue as a result of the quota? What if this government decides, instead of using a quota, to introduce a price floor of $1.20 per kilo? What would be the surplus/shortage and the resulting total revenue of farmers? Surplus/shortage: Total revenue: $ C. 2.0 1.6 1.2 0.8 0.4 100 200 300 400 500 600 Quantity of blueberries (thousands of kilos) FIGURE 3.20 PriceSpain imports cigars from Cuba. The Spanish health ministry is worried about the negative effects of tobacco on passive smokers and is considering three different options for reducing tobacco consumption: A quota on cigar imports from Cuba, an import tariff on cigars, and a consumption tax.a) Using graphs analyze the welfare effects of the three policies. (While answering this question assume that the Spanish cigar industry operates under perfect competition.)b) In welfare terms, how would you classify the 3 policies?c) Which cabinet ministry would like to see a different classification in (b)? Why?short note on subsidies? short note on price control?
- Price ($) The hypothetical country of Crabby Island has imposed a production quota of 4,000 crabs per month. Use the line segment in the graph to show this production quota, then answer the question. Use the line segment to show a production quota of 4,000 crabs per month. Production quota What is the price of crab after the introduction of 10 the quota? 9. Supply price: $Suppose the supply of a good by domestic firms is QSD = 10 + 2P and the supply by foreign firms is QSF = 10 + P. The domestic demand for the product is given by Qd = 30 − P. 1. In the absence of a quota, what is the total supply of the good? 2. What are the equilibrium price and quantity of the good? 3. Suppose a quota of 10 units is imposed. What is the total supply of the product? 4. Determine the equilibrium price in the domestic market under the quota of 10 units.Country C imports 80,000 metric tons of steel from Country U and produces domestically80,000 metric tons per year. The world price of steel is $500 per metric ton. Assuming linearschedules, research analysts estimated the price elasticity of domestic supply to be 0.50 and theprice elasticity of domestic demand to be -0.25 in the current market equilibrium. Country Cimposes an import duty of $150 per metric ton that caused the world price to fall by 10%. What are the terms of trade of the Country C steel market after the tariff was imposed? Explain the welfare effects of both countries
- Assume that the markets for sugar cane, rum and whiskey are initially in equilibrium (i.e., supply equals demand in each case). Assume further that a good harvest impacts the world’s sugar cane crop. Sugar cane is a principal ingredient in rum, but it is not an ingredient in whiskey. Rum and whiskey are substitutes in consumption. If the government implements a price restriction in the sugar cane market with the aim of protecting the farmers. Explain how will this impact the revenues for sugar growers, rum producers and whiskey producers?Analyze with the help of a graph how an export subsidy affects the terms of trade of the country providing the subsidy. Is the export subsidy desirable from the perspective of overall social welfare of the country? Explain.There are two countries in the world (Home and Foreign). Home is a small exporter of cotton. The home country's government subsidizes cotton exports. Which of the following occurs due to the home export subsidy? Select all that аpply. The export subsidy creates deadweight loss in Foreign. The export subsidy reduces Home social welfare. The export subsidy creates deadweight loss in Home. The export subsidy improves Home's terms of trade.
