Winter has a monopoly on the production of walnuts. The demand curve and marginal cost are given by: P = 360-4Q; MC= 4Q. At the level of output that maximizes profit. How much is producer surplus? 27) In relation to the previous question, determine the welfare loss for society. a) 0 b) 450 c) 900 d) 1800 e) None of the above. Good night , Please check question number 26 to resolve this question please. Do only 27
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- 1st statement - Taxation is inherent in every sovereignty because it may be exercised although itis not expressly granted by the fundamental law.2nd statement – Inherent limitation requires the delegation of the power to the State by theauthority.a. Only the 1st statement is trueb. Only the 2nd statement is truec. Both statements are trued. Both statements are falseque no 2 asapDescribe the various concepts and techniques that are useful inreplacement analysis?
- The bill includes $130 billion to allow for a return to full-time, in-person teaching at K-12 schools. assistance to small busines, landlords and renters: 30 Billion Obomacare Expansion: 34.2 Billion Child Tax Credit Boost: 110 Billion Vaccine Distribution: 160 Billion school credit: 1 Billion Coronavirus Preparedness and response supplemental appropriation act: 8.3 Billion Families first coronavirus reposne act 225 billion paycheck protection program: 483 Billion Consolidated appropriations act: 920 Billion So we just had one of biggest (if not THE biggest) actions of Fiscal Policy. Now using the Agg Model, you will explain what is happening now... First, prepare a graphic representation off the economy before the Biden Covid Bill. In the space below, insert the names for X and Y axis, graph LRAS and SRAS and AD line, and identify/label equilibrium. Be sure to identity whether the economy is at equilibrium, in expansion or in recession.According to the Department of Statistics Malaysia (DOSM), as of 2020, the country’s share of agriculture stood at 7.4% of the overall GDP, which is comparatively lower than neighbouring countries such as Indonesia (13.7%) and Thailand (8.6%). Nonetheless, 16% of Malaysians are involved in agriculture. The above issues can be mainly attributed to the traditional, labour-intensive farming methods, which require constant monitoring and suffers from high wastage. Explain how the agricultural industry in Malaysia can achieve allocative efficiency.1) The following public policies can facilitate economic growth in an economy. For each policy, give a reason for why this is possible. a. Distributive b. Redistributive c. Regulatory and substantive policies
- Assume: PQ = $2.00 PL = $2.00 PK = $4.00 K MPK MP/PK MRP/PK L MPL MP/PL MRP/PL 1 28 7 14 1 15 5 10 2 24 6 12 2 12 4 8 3 20 5 10 3 9 3 6 4 12 4 8 4 6 2 4 5 8 2 4 5 3 1 2 6 4 1 2 6 1 0.5 1 7 2 0.5 1 7 0.5 0.25 0.5 8 1 0.25 0.5 8 0.25 0.13…Assume: PQ = $2.00 PL = $2.00 PK = $4.00 K MPK MP/PK MRP/PK L MPL MP/PL MRP/PL 1 28 7 14 1 15 5 10 2 24 6 12 2 12 4 8 3 20 5 10 3 9 3 6 4 12 4 8 4 6 2 4 5 8 2 4 5 3 1 2 6 4 1 2 6 1 0.5 1 7 2 0.5 1 7 0.5 0.25 0.5 8 1 0.25 0.5 8 0.25 0.13…The 8th National Development Plan (NDP) is the country’s medium-term blueprint designed to unlock the country’s potentials in all sectors of the economy for sustainable, holistic, and inclusive national development covering the period 2022 to 2026. Required Explain how the scope of Public Finance and Development can be achieved using this blueprint.
- 12- 12 - : “The document showing the income and expenses of the state together is called X.” In his statement, which of the following is most appropriate for X? a) national income B) Marginal revenue NS) purchasing power parity D) Budget TO) national income per capitataxation is an essential fiscal policy tool for mobilizing resources for socio-economic development and in particular middle country such as Ghana. Discuss?Q4.2) Describe in detail the main obstacles that exist in South Africa to further economicdevelopment. Make reference to the NDP.