Explore BrainMass
Share

Distribution of costs and benefits

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

(See attached file for full problem description with diagram)

---
15. (Distribution of Costs and Benefits) Suppose that the government decides to guarantee an above-market price for a good by buying up any surplus at that above-market price. Using a conventional supply-demand diagram, illustrate the following gains and

a. The loss of consumer surplus
b. The gain of producer surplus in the short run
c. The cost of running the government program (assuming no storage costs)
What is the total cost of the program to consumers? Are the costs and benefits of the support program widespread or concentrated?
---

© BrainMass Inc. brainmass.com October 16, 2018, 5:27 pm ad1c9bdddf
https://brainmass.com/economics/general-equilibrium/distribution-of-costs-and-benefits-53723

Attachments

Solution Summary

The solution answers the question(s) below.

$2.19
Similar Posting

Supply Chain and Distribution Management: Woodmere and HomeHelp

Need help because I am having some difficulty. Can you please help me with this Case Study Questions. Attached is the case study. Thanks and I appreciate your help.

Read through Case 2 and answer the questions below. Write a 1-2 paragraph response to each question, and include references and in-text citations for any sources used to back up your points, including other sections of the textbook.

1. What are the major business propositions for Woodmere and HomeHelp to consider in evaluating this proposal? Is time-based logistics the right strategy for each company?

2. What are the benefits and barriers (short- and long-term) to this proposal for both Woodmere and HomeHelp? What other factors need to be considered?

3. If you were Woodmere's top management, what suggestions would you make to improve the current proposal for long-run viability?

4. If you were HomeHelp would you accept or reject the proposal? Why?7

Bowersox, D.(2013). Supply Chain Logistics Management. (4th ed). Richard D. Irwin, Inc

View Full Posting Details