Advantages and disadvantages of price control laws

Assignment Help Managerial Economics
Reference no: EM13988634

1. From the questions and answer above, what do you conclude in general about the advantages and disadvantages of price control laws that set price ceilings and price floors for any and all goods and services?

Reference no: EM13988634

Questions Cloud

Explain the possible results of this differentiation : You are the owner of Lobster's Unlimited. You have no trouble catching lobsters, but you have difficulty in selling all that you catch. The problem is that all lobsters from all vendors look the same. You do catch high-quality lobsters, but you ne..
A firm should stop expanding output : If large and small firms operate in the same industry, we must have constant returns to scale.
Determining the particular demographic group : Suppose a random sample of 10 individuals from that particular demographic group are examined. What is the probability that six of their blood pressures will be in the first group, three in the second, and one in the third?
What is the effective length of the instrument : The actual fundamental frequency of the contrabassoon is 27.5 Hz , which should be different from your answer in part A. This means the model of the instrument as an open-closed tube is a bit too simple. But if you insist on using that model, what..
Advantages and disadvantages of price control laws : From the questions and answer above, what do you conclude in general about the advantages and disadvantages of price control laws that set price ceilings and price floors for any and all goods and services?
What does it include as cash and cash equivalents : Were the dividends on common stock and/or preferred stock? What was the amount of each?
What force must the cord be pulled to open the door : A contraption is designed by a student so that she can open the door while she sits at the desk. She can pull the cord which goes over the pulley and is tied to the door knob. The coordinates of the door knob K and the pulley P are provided with r..
Examine various transfer pricing methodologies : Create a scenario in which you allocate revenues and costs to each country to determine the lowest possible overall tax for each country. Provide support for your allocations.
Article summary - issues in research on aging and suicide : What is (are) the key term(s)? What were the research questions? What are the reason for conducting the study? What was the sample size or profile? Article - Issues in research on aging and suicide

Reviews

Write a Review

Managerial Economics Questions & Answers

  If an industry regulator adopts an rpi x formula for price

1.If an industry regulator adopts an RPI  X formula for price regulation, is it desirable that the value of X should be adjusted as soon as cost conditions change?

  How does the theory of efficient production apply to manager

How does the theory of efficient production apply to managers of government bureaus or departments that are not run for profit How about nonprofit clubs that collect just enough dues from their members to cover the cost of operation

  How much will you choose to produce

How much will you choose to produce? What is your expected profit? Is it an advantage or a disadvantage to move first? Explain.

  Concept of minimum efficient scale

Use the concepts of economies and diseconomies of scale to describe the shape the companies long run ATC curve. Determine the concept of minimum efficient scale?

  The aggregate demand curve to be steep

Using ISLM analysis, explain what would cause the aggregate demand curve to be steep.

  Potential costs and benefits

1.What are the potential costs and benefits of mergers to (a) shareholders; (b) managers; (c) customers?

  Calculate the profit-maximizing level of outpu

Use the following data to answer the questions given below; Calculate the profit-maximizing level of output and price if the company sells all of its tickets at one price.

  Progressive tax have a constant marginal rate

1.Distinguish between proportional, progressive and regressive taxation. Could a progressive tax have a constant marginal rate?

  Is the jones company using an optimal mix of labor

Is the Jones Company using an optimal mix of labor and capital to produce its current output? If not, should it use more capital or labor? Explain.

  What exactly is pluralism ethnicity

What exactly is pluralism, ethnicity, and the concept of 'social construction of ethnicity?

  Derive and graph firmsshort-run and long-run supply curves

There is only one possible plant size for this operation; thus SRMC = LRMC = 4Q in this problem. Derive and graph the firm's short-run and long-run supply curves (on separate graphs).

  Explain growth maximisation model of morris

Describe critically growth maximisation model of morris - Grade Level : Post Graduate Level

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd