Make a reaction paper regarding the implementation of RA 11203, you must also identify your stance about it. Philippine DA bulletin No. 1 on Rice: Understanding the Rice Tarrification Law (RTL) or RA 11203 | Official Portal of the Department of Agriculture DO NOT PLAGIARISE

Make a reaction paper regarding the implementation of RA 11203, you must also identify your stance about it. Philippine DA bulletin No. 1 on Rice: Understanding the Rice Tarrification Law (RTL) or RA 11203 | Official Portal of the Department of Agriculture DO NOT PLAGIARISE

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 7MC

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Distinguish carefully between a minimum wage and a wage subsidy as alternative policies to assist low-wage workers. Explain your answer.(needs to be at least 100 words )
The market for soda beverages demand is QD = 90-20P and supply is QS = 30P-10. Price is measured in dollars per one-gallon bottle and quantity in millions of one-gallon bottles a) Find the equilibrium quantity and price in the market for soda and compute Consumer Surplus and Producer Surplus when the market is in equilibrium. As that problem noted, sweetened beverages contribute to the over consumption of high-fructose corn syrup with negative consequences for public health. Suppose that each extra one-gallon bottle of soda sold in the market imposes a $1 external cost on state and federal governments that see Medicare and Medicaid diabetes-related expenditure increase. b) What is the total external cost that the soda beverages industry imposes on the government? Suppose that a $1 per bottle tax is imposed on sellers of soda beverages. What is the new equilibrium price and equilibrium quantity in the market for soda beverages? c) How much consumer surplus and how much producer surplus…
Market demand for Mandrake roots is given by Q-273-3P. The government of imposes a per unittax of $7 and consumers pay the tax. What is the highest market price of Mandrake at whichconsumers will buy at least 25 units?
To make extra money at school, Sofia starts a house painting business. Sofia’s start-up costs are $480 (including permits and license fee). Additionally, Sofia must purchase painting supplies for each house at a cost of $520 per house. Sofia charges her customers $2,400 per house. It takes 48 hours of working time to paint a house. Sofia has 24 hours a week to dedicate to her painting business. She works every week for one year (52 weeks). Sofia can hire a maximum of 2 other painters to join her team. Each painter works 24 hours per week and she pays each painter $18 per hour. Assume there is only one team of workers (that always includes Sofia), and that her work is so good, she keeps getting offers for jobs. Assume Sofia does not pay herself a salary, but instead earns all profits of the business. *Working by herself, Sofia earns a profit of____? *Working with one employee, Sofia earns a profit of____? *Working with two employees, Sofia earns a profit of____?
Researchers in Westland and Eastland are developing better treatments for lycanthropy, which afflicts no other region in the world. Inhabitants of both countries benefit from better treatments regardless of which country conducts the research. The country specific marginal benefit from the research differs, however, due to differing prevalence of the disease as well as different trade-offs with respect to other potential uses of resources. In Westland the marginal benefit at Q researcher-years is P d W (Q) = 96 − 12Q and in Eastland P d E(Q) = 60 − 10Q, where the benefit is measured in Large Monetary Units (LMU). The cost of a researcher-year is a constant 20 LMUs in both countries. (a) What is the efficient amount of research? (b) Suppose one of the countries jumps ahead and commits to provide exactly half of the efficient amount in part 3a. Taking this as given, how much will the other country then provide? Consider both cases of either Westland or Eastland being the first mover. (c)…
Why was Rice Tarrification Law became a law in the Philippines?
===>Please explain correct and incorrect option A increase in the excise tax on gasoline: Multiple Choice 1.) lowers the price of gasoline by shifting the supply curve right. 2.) has no effect on the price of gasoline since the seller pays the tax. 3.) raises the price of gasoline by shifting the supply curve left. 4.) raises the price of cars by shifting the demand curve right. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The Chief Medical Officer has advised the government that consumption of widget-corn improves the survival rate of COVID-19 by 20%. Suppose the supply and demand functions for widget-corn are: QD = 100 – 5P QS = 5P. P is the price in dollar and Q is the quantity in kilograms. Having confirmed the positive impact of widget-corn consumption on COVID-19 patients, the government has ordered widget-corn sellers to charge $5 per kilogram. Calculate the impact of the policy on the quantity of widget-corn supplied and demanded. Explain the impact of the policy consumer surplus, producer surplus, and total economic surplus. Is the outcome of the government’s policy efficient and, therefore, maintained or abandoned? Explain in detail.
A more precise description of the demand conditions show that it also depends on a number of other factors, including the CO2 quota price, the interest rate and the price of electricity in the Nordic wholesale market, Nordpool. An overall demand function can thus be described as: Q = 33.33 - 0.000004167 * P + 0.04167 * PCO2 - 0.4167 * r - 0.00833 * Pel, where Q is the quantity sold, P is the price, PCO2 is the price of the EU's CO2 quotas, measured in euros per tonnes, cf. Chart 1, r is the banks' average lending rate measured in per cent. pa., and Pel is the Nordpool wholesale price of electricity excl. network and system tariffs as well as charges, measured as Danish kroner per MWh (mega-watt-time). P can here be set to DKK 4,000,000, PCO2 can be set to 62, r to 2.37 and Pel can be set to 250. Define the concept of price elasticity more generally and calculate the price elasticity as well as the cross-price elasticities with regard to the CO2 price, the interest rate…
The average prices and quantities of six hypothetical items offered by a government agency running a social protection program for a marginalized community are shown in the following table: 2021 2022 Items Price (Kshs/Kg) Quantity (Kg,000) Price (Kshs/Kg) Quantity (Kg,000) Maize Flour (A) 10 5 12 6 Vegetables (B) 15 8 18 10 Peas (C) 10 6 10 10 Beans (D) 20 10 22 15 Wheat (E) 30 10 40 15 Millet (F) 40 10 50 14 Tracey, the programs manager has hired you as a consultant to advice if she needs to ask the government for additional budgetary support. Using 2021 as base year, show detailed computations of Kelly’s and Fisher’s Price index numbers for 2022 In each case comment on the result
The average prices and quantities of six hypothetical items offered by a government agency running a social protection program for a marginalized community are shown in the following table: 2021 2022 Items Price (Kshs/Kg) Quantity (Kg,000) Price (Kshs/Kg) Quantity (Kg,000) Maize Flour (A) 10 5 12 6 Vegetables (B) 15 8 18 10 Peas (C) 10 6 10 10 Beans (D) 20 10 22 15 Wheat (E) 30 10 40 15 Millet (F) 40 10 50 14 Tracey, the programs manager has hired you as a consultant to advice if she needs to ask the government for additional budgetary support. Using 2021 as base year, compute Kelly’s and Fisher’s Price index numbers for 2022 and in each case comment on the result.
Minnesota and Tennessee, among other states, have recently begun to tax the sales of healthcare providers, such as hospitals and physicians. Analyze the incidence of this sales tax for three different scenarios: (a) The demand for medical services is completely inelastic while the supply curve is positively sloped to the right. (b) The demand curve is downward sloping and supply is completely inelastic (for this case, it is best to shift the demand curve downward by the amount of the per-unit tax). (c) The demand curve is downward sloping and the supply curve is positively sloped. (d) When does the consumer or health care provider pay a larger portion of the tax? (e) Why?