One of the key reasons for explaining the case for efficient allocation of unregulated resources under perfect competition, for example of commercial fishing industry in the Oceans, is MR-MC-P-MU MC-MR-P- Minimum ATC and also MR-MC- P-MU MR-MC only MC-MR-P-Minimum ATC
Q: Consider the Scenario given below and attempt the questions that follow: COVID-19 Lockdown Price…
A: The covid-19 outbreak has been one of the most unfortunate events in human history. Such occurrences…
Q: Time remaining: 00:09:21 Economics QA and QS are the pollution levels for Arrow and Solow…
A: An externality is a cost that is bear by the third party who is involved in the transaction of an…
Q: Suppose that the demand and supply functions for a good are given as follows: Demand: 0-1080-7P…
A: Demand equation: Q = 1080 - 7P => P = (1080 - Q)/7 -----------> eq(1) --------------------…
Q: /2. (a) Show that if x is an allocation in the y-core of an economy, then any two agents of the same…
A: Economics concentrates on the manners and interchanges of economic agents and economizing…
Q: INTEGRATIVE CASE After working for years as a regional manager for a retail organization, Scott…
A: S&S is a new Fast Moving Consumer Durables (FMCD) company that specialises in selling consumer…
Q: An agent (a financial institution or individual financial investor) that has agreed to deliver a…
A: Answer: An investor or agent who has agreed to deliver a specific asset (but not yet own them) to…
Q: B. Use the data in the table below to calculate the opportunity cost of moving from one production…
A: Opportunity cost is the loss of units of a good when we move from one point to another.
Q: is a measure of how much money can be afforded for investment in excess of cost. a. Present Cost O…
A: When talking about measurement of cost and benefit, there are various financial analysis tools to be…
Q: Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been…
A: The formula to compute CPI (which represents "the overall change in consumer prices overtime based…
Q: Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVS)…
A: The budget line, also known as the budget constraint, displays all possible combinations of two…
Q: lustry demand is given by: p= 200 – q. – q2 where q and q2 are the outputs of Firm 1 and Firm 2…
A: Note: You have uploaded two questions, hence we shall answer the first one for you. If you seek…
Q: What condition is NOT required in the definition of a competitive market? Question 1 options:…
A: Answer: Perfectly competitive market: in a perfectly competitive market there are a large number of…
Q: Identifying if an economy is in medium run equilibrium and the necessary central bank action to…
A: Medium Run refers to the period that spans over a time of 12 years in which output of the economy…
Q: Draw a budget line with good X on the x-axis and Good Y on the Y axis. Graphically illustrate the…
A: Price effect is basically a term that is used to describe the change in the demand preference of a…
Q: (Figure: AD-AS) Use Figure: AD-AS. Consider an economy that is producing an aggregate output of Y₁.…
A: Note: You have upload two questions at a time. Hence, we shall answer only the first one for you. If…
Q: In an oligopoly market, the firms would earn the highest profit if they chose to ignore the actions…
A: An oligopoly market is one where few large firms capture the whole market and sell output to earn…
Q: Question A5 For a particular product, Marginal Cost (MC) = Q + 5. Find an expression for Total Cost…
A: "Marginal cost is addition to the total cost when more unit of output is produced and it is obtained…
Q: D4) explain the loss function of central banks and how monetary policy can be implemented to cope…
A: A financial crisis is any of a number of scenarios in which the nominal value of some financial…
Q: Both supply and demand increase. What will happen to the price of equilibrium in the market? Select…
A: Demand and supply curve and their interaction lead to equilibrium price and equipment quantity .
Q: ₂0.5 Wilfred's expected utility function is px0.5 + (1 − p)x2.5, where p is the probability that he…
A:
Q: Assume that a country is endowed with 33 units of oil reserve. (a) the marginal willingness to pay…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Requlred Information Ederly Quarry sells a wide variety of cut limestone for residential and…
A: One of the accounting systems that is used for allocating the costs of extracting natural resources…
Q: The price elasticity of gasoline supply in the U.S. is 0.4. If the price of gasoline rises by 8%,…
A: Price elasticity of demand is a size of the alternate in intake of a product with regards to a…
Q: In an economy M-$120, h=5, k=0.2, MPC=0.8, b=2, autonomous consum $116. What is the equilibrium Y…
A:
Q: Determine whether each of the statement is true, false, or uncertain. If the statement is false or…
A: Note: You have uploaded two questions at a time. Hence, we shall answer only the first one for you.…
Q: Assume the following: Aggregate Expenditures (AE) = $2,500 • National Income (Y) = $1,500 •…
A: Aggregate expenditure: AE = C + I + G + X - M => AE = 150 + 0.9(Y-T) + 500 + 800 + 600 -0.10Y…
Q: 8. (b) Consider the economy given by: U₁ = X11X12 W₁ = (1,0) U₂ = 2x21 + x22 W₂ = (0,1) i) Solve for…
A: Competitive equilibrium is achieved at the point where aggregate demand depending on preference are…
Q: Discuss Drago Kos United Nation Convention Against Corruption standpoint
A: Corruption can lead to cause inefficiency in the normal functioning of the economy, to stop the…
Q: Bank X has a required reserve ratio of 0.2, total reserves are $70 million, and deposits are $200…
A: The actual reserves which are generally kept in excess in a bank for the given amount of the…
Q: A firm has the production function F(L, K) = 2 min{L, 10K7 . The current input level is (L, K) =…
A: (Q) A firm has the production function F(L, K) = 2 min{L, 10K} . The current input level is (L, K) =…
Q: 5,000,000 Japanese yen 60 days from now. You decide to hedge your position by selling Japanese yen…
A: *Answer:
Q: Suppose the federal tax on gasoline increased by 5 cents per gallon. Do you think that such an…
A: Charge is gathered from people and partnerships by the city, state, or nation where they dwell or…
Q: Explain the 2 types of competitive pressures.
A: Competitive pressure is defined as a situation in which a firm faces pressure due to its…
Q: Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $6 per…
A: In economics and in particular neoclassical economics, the marginal product or marginal physical…
Q: Suppose that the typical consumer has a salary of $30,000 in 2017. His salary grows by 2% per year.…
A: The consumer price index (CPI) is a statistical instrument that calculates the weighted average…
Q: Discuss the limitations of the use of the Gross Domestic Product(GDP) as a measurement of…
A: The total worth of products and services produced in an economy during a given time period is…
Q: Suppose that initially Px = 2, Py = 8, 1 = 96 and the Marshallian demand function for %3D 0.51 0.5Px…
A: Note: You have uploaded more than one question at a time. Hence, we shall answer only the first one…
Q: A period between date of acquisition and date of disposal by a specific owner. a. Ownership life O…
A: Aquisition date means when the asset is purchased new . And the period between acquisition and…
Q: what do you mean by financial inclusion, market-friendly environment, and fiscal incentive system in…
A: The Philippine economy is in excellent shape. It is ranked 37th in the world in terms of GDP. After…
Q: A firm's production is given by q = 5L 3 K 3. (a) Calculate APL and MPL. Determine if the production…
A: The law of diminishing returns refers back to the idea that the greater we make use of something,…
Q: Economics I know the answers are 21% 21% and $18,784,100 i just need to know how to get there. Month…
A: For each extra dollar of income received, the marginal tax rate refers to the proportion of new…
Q: Suppose a perfectly competitive market is in equilibrium and demand for the product decreases O in…
A: In perfectly competitive market, there are large number of firms selling identical goods
Q: The first cost of a high-quality excavators is P203.4B or P203.8B depending on the size purchased.…
A: Here, it is given that the high-quality excavator has the primary or first cost as P203.4B or…
Q: An automobile tire manufacturer collected the data in the table relating tire pressure x (in pounds…
A: Answer: Given, x Mileage f(x) 28 43 44 30 51 51.9 32 56 55.1 34 50 53.5 36 47 47.3…
Q: Assume that you are nearing graduation and have applied for a job with a local bank. The bank’s…
A: *Answer: Time line is a graphical tool that determines the value of cash flows over a period of…
Q: Q.16 Which of the following can decrease money supply? (i) Open Market Sale (ii) Open Market…
A: The central bank can regulate the money by using various tools. Monetary Policy includes all the…
Q: Prepare an organizational chart of your own engineering firm showing line and staff relationships.…
A: The objective of an "org chart" or organization chart is a chart that shows a relationship or…
Q: First, write out the expression for the real exchange rate. Second, explain all factors that…
A: The real exchange rate represents the value of a nation's currency with respect to the currency of…
Q: One of the major differences between the liberal and conservative political ideologies in the United…
A: When the government employs measures to change the market condition then those measures are…
Q: Following below are four graphs and four market scenarios, each of which would cause either a…
A: Supply curve shows different combinations of price and quantity supplied.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- An electricity generation company currently emits 99 tons of sulfur dioxide. Sulfur dioxide emissions contribute to respiratory illness and create acid rain when combined with other chemicals in the atmosphere. The table below shows the marginal cost of abatement, which increases as different abatement techniques are used. Quantity Abated (tons) Marginal Cost of Abatement per Ton 11 $5,000$5,000 22 $8,000$8,000 33 $15,000$15,000 44 $20,000$20,000 55 $30,000$30,000 66 $42,000$42,000 77 $56,000$56,000 88 $80,000$80,000 99 $135,000$135,000 Suppose the government imposes a pollution tax of $44,000$44,000 per ton of sulfur dioxide emitted. How many tons of sulfur dioxide will the company abate, and how many tons of sulfur dioxide will it emit? Write the exact answers. Do not round.Look at tesla’s DNSH’s criteria scores versus its peers. Which of thesix environmental objectives has Tesla outperformed its peers (on average) for the fiscal year 2020?Flaherty Accounting Services pays $2,000 per month for a tax preparation software license. In addition, variable charges incurred an average of $9 for every tax return the firm prepared. (a) Determine the total cost and the cost per unit if the firm expects to prepare the following number of tax returns in March 2013: (1) 200 (2) 500 (3) 800 (b) Why does the cost per unit change in (1), (2), (3) of (a)? (c) The owner of Flaherty Accounting Services wants to earn a margin (excluding any other direct costs) on tax returns of $15,000 during March. If 200 returns are prepared, what tax return preparation fee should be charged? If that fee is charged and 800 returns are prepared, what is the margin in March?
- Imagine a firm with a marginal abatement cost (MAC) function equal to: MAC = 27 - 3E. The government introduces a per-unit tax on emissions equal to $6. For a profit-maximizing firm, total compliance costs (total abatement costs plus tax payment) are $____.What is the best approach for tax-related issues associated with online gambling winnings and income from virtual world transactions? Would these types of cases be decided in the U.S. Tax Court?A competitive industry has production processes that generate pollution. ok with studies carried out on the affected population, the marginal costs associated with contamination are constant and CU500. for each unit of the good produced. these costs are associated with lost workdays, illness treatment costs, and the nuisance generated in the population. Currently the production level of the industry is 250 units and the market price is 1,500 (MU/unit). Market studies carried out by companies estimate that if the price rises At 1,800 (mu/unit) the quantity demanded would fall to 200 units and the marginal cost of the production of each company in this new production level is 1,300 (m.u./unit). Assume linearity in market demand and in the marginal costs of production of the companies Graph to justify your answers. A)Determine the optimal production level from the perspective of the whole of the society. Show your result graphically.
- Roughly ten percent of elementary schools in California have a system whereby 4th to 6th graders share a common classroom and a single teacher (multi-age, multi- m grade classroom). Suggest an experimental design that would allow you to assess the effect of learning in this environment. Mention some of the threats to internal and external validity and how you would attempt to circumvent these.In 1976, the parents of a seven-year-old boy sued a New York hospital for$3.5 million. The boy was blinded shortly after he was born two weekspremature. His parents claimed that hospital doctors administeredexcessive oxygen to the baby and that this caused the blindness. Thecase went to trial, and just as the jury announced it had reached averdict, the lawyers for the two sides arrived at an out-of-courtsettlement of $500,000.a. If you were the parents, how would you decide whether to accept thesettlement or wait for the jury’s decision? What probabilityassessments would you need to make? Would you have accepted thesettlement?b. Answer the questions in part (a), taking the hospital’s point of view.The marginal benefit of being able to emit a ton of sulfur dioxide emissions for two firms are given by:MBX = 1000 – ( Ex / 2 )MBY = 600 – ( Ey / 3 ) Note that these marginal benefit figures can be interpreted as marginal cost of abating emission down to levels Ex and Ey.Government regulators want to reduce total sulfur dioxide emissions to a total of 1800 tons.a) If the government imposes the same standard of 900 tons maximum emissions on both firms what would be the total cost of abatement (calculated as the aggregated marginal benefits forgone)? b) If the government distributed 900 tradable pollution permits (one ton each) to each firm what would be the final allocation of these permits after the firms trade them?c) What would be the total cost of abatement in this latter case?
- Describe the list of any known constraints imposed by the environment or by management of FreeRice project?The government allows sulphur dioxide emissions of 4 parts per billion and has a tradable permits program. The 2 firms in the market pollute at a rate of 5 parts per billion and 6 parts per billion respectively. The 2 firms have the following costs to reduce emissions. The least expensive way to reach the government’s mandate is: Reduction of Sulphur Dioxide Cost - Firm 1 Cost - Firm 2 By 1 part per billion $200,000/year $80,000/year By 2 parts per billion $420,000/year $200,000/year By 3 parts per billion $700,000/year $340,000/year By 4 parts per billion $1,200,000/year $650,000/year Group of answer choices $400,000. $200,000. $340,000.If value of output is $300 million, net value added at factor cost is $160 million, depreciation is $40 million, tax is $30 and subsidy is $10 Find intermediate consumption