Use supply and demand analysis to explain why the equilibrium price of apples will rise and the equilibrium quantity will fall if an excise tax is levied on apples. Explain why the price of apples will not rise by the full amount of the tax.
A television station is considering the sale of promotional dvds. It can have the dvds produced by one of two suppliers. Supplier A will charge the station a set-up fee of $1200 plus $2 for each dvds; supplier b has no set-up fee and will charge $4 per dvd. The station estimates its demand for the dvds to be given by Q = 1600
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Suppose you have an industry with 20 firms and the CR is 20%. How would you describe this industry? Suppose the demand for the product rises and pushes up the price for the good. What long-run adjustments would you expect following this change i
If the interest group theory applies to hospitals, why doesn't it also apply to nursing homes? Would a doctor-owned, for-profit hospital be as attractive to physicians as a nonprofit hospital? Can we say which are the most efficient hospitals nonprofits or for-profits? Which are the most efficient nursing homes? What qualific
1) Suppose that a market is described by the following supply and demand equations: Qs= 2P Qd= 300-P a. Solve for equilibrium price and the equilibrium quantity. b. Suppose that a tax of T is placed on buyers, so the new demand equation is Qd= 300- ( P+T) Solve for the new equilibrium. What h
Global Economic Environment of the Firm Question 1 Consider the following hypothetical information about the current demand for final goods and services. All variables are in billions of dollars. Consumption demand: C = 800 + 0.8YD Investment demand: I = 700 Government demand: G = 2000 Taxes: Ta = 0.2Y Tra
Types of markets, profit-maximizing choices, output, price, Consumer surplus and produce surplus.I need help on how to calculate the problem on the subject that i have mentioned. I having trouble understanding them.
Discuss supply and demand as well as elasticity concepts of Walmart. Incorporate these concepts to validate how the company establishes its pricing strategy. Analyze the company based on the following points: 1 Provide a brief introduction Walmart: corporate office location, years in business, revenue, areas and number of worl
Multiple Choice: P(1) 1. Which of the following will cause a movement along the demand curve for good A? a. a change in the price for a close substitute b. a change in the price of good A c. a change in consumer tastes for good A d. a change in consumer income. 2. On a Cartesian graph of
In this activity you will need to go to the realtor.com website. Follow the instructions for "Finding a Home", and check housing prices for a 3-bedroom, 2-bath house in several cities, for example, San Francisco, CA; Topeka, KS; Dallas, TX; Concord MA; and Seattle, WA. Explain why housing prices vary from city to city. Clearly e
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CHAPTER 3-DEMAND AND SUPPLY Note: You must show all your calculations MULTIPLE CHOICE 1. Surplus is a condition of: a. excess supply. b. a deficiency in supply. c. market equilibrium. d. excess demand. 2. A demand curve expresses the relation between the quantity demanded and: a. income. b. advertisi
Need some help with the following questions... Please just select correct answer. Which of the following is (are) true? a. Accounting costs generally understate economic costs b. Accounting profits generally overstate economic profits c. In the absence of any opportunity costs, accounting profits equal economic profits
P3.5 Demand Function. The Creative Publishing Company (CPC) is a coupon book publisher with markets in several southeastern states. CPC coupon books are either sold directly to the public, sold through religious and other charitable organizations, or given away as promotional items. Operating experience during the past year s
6) Consider a country that initially consumes 100 pairs of shoes per hour, all of which are imported. The price of shoes is $40 per pair before a ban on importing them is imposed. Use a graph to explain what happens to the price of shoes and the quantity of shoes consumed after a total ban on imports.
Consider a country that initially consumes 100 pairs of shoes per hour, all of which are imported. The price of shoes is $40 per pair before a ban on importing them is imposed. Use a graph to explain what happens to the price of shoes and the quantity of shoes consumed after a total ban on imports.
You will need to complete a paper in APA format, but please put the question numbers, so you can do well. 1. What market structure is the most efficient for consumers and why? 2. If there is pollution in the lake, what would the government need to do solve the problem(relate to externalities)? 3. Why is strategic interdepe
The information technology field is very competitive, and a large information technology firm has hired the bank for guidance. Firms may have to compete for high-quality IT professionals. At any given time, there are only so many IT professionals available for employment. You need to investigate what will happen to the wages of
If the real money demand is greater than the real money supply, interest rates must rise to reach equilibrium in the money market as people sell bonds to obtain more money. True or False, and explain?
Multiple Choice--Choose the BEST answer - Macro Economics Questions
Why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then? Please explain.
Discussing the ideas of John Maynard Keynes and Milton Friedman. Please address the following questions: 1. Compare and contrast the way Keynes and Friedman approach the economy. What are the key differences and similarities? 2. If Keynes argues for a role for government policies in the economy what is that role and
Having a problem with these review question in class and was wondering if anyone could help.
1. When economic choice involves an adjustment to an existing situation, marginal analysis (Points: 1) has no practical applications or real-world uses eliminates incorrect decisions and bad choices involves comparing the additional costs and additional benefits of an activity before deciding invo
Need to answer the issues that deals with Big Drive Auto. In which these issues need to be address. The following issues that are in the context of the scenario: o Identify decisions made by key organizational stakeholders that are affected by interest rates o Identify how interest rates affect the cost of operating the
Please explain the difference between a movement along and shift of the demand curve. Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making.
1. Consider the following demand table and the graph below. Which of the demand curves best reflects the demand table? a. A. b. B. c. C. d. D. 2. Two economists are debating whether or not to remove a tariff on luxury vehicles. They agree that consumers will benefit by $5 billion and that the harm done to
Market Trends Paper Prepare a 1,400-1,750-word paper in which you describe market trends that your selected organization/industry will face. Explain your conclusions. In your paper address how each of the following will change or will not change, and why: Intro: a. Market structure b. Impact of new
A Federal Reserve Bank has hired the economic consulting firm to prepare a paper on how the use of money has changed over the past 20 years. This paper will be used to help make decisions on how to regulate the nation's banks. In an e-mail to your manager, explain the role of technology in the evolution of how money is used
A. What causes the changes in supply and demand in the simulation? b. How do shifts in supply and demand affect your decision making? c. List four key points from that were emphasized in the simulation. d. How can you apply what you learned about the concepts of supply and demand from the simulation to your workplace? e.