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Supply and Demand anti-terrorism regulation Edition
a) Suppose that the US Department of Homeland security is concerned about the prevalence of airborne biological weapons in large sporting events in the US. Begin by assuming that there is no government policy yet. Consider the market for a system called Early Warning and Response (eWAR) which detects and eliminates pathogens from heating, ventilation and air conditioning. (HVAC) systems in large buildings. These systems are produced by manufacturing companies and purchased by large building owners. Draw a supply and demand diagram (no need for numbers) that reflects the equilibrium number of eWAR systems produced in the absence of government regulation. Suppose the eWARs are extremely expensive. In one or two sentences, explain your rationale for drawing the graph the way you have.
b) Suppose the government mandated that eWAR be installed in all large buildings holding over 10,000 people. Indicate on the graph what this policy means in terms of the quantity of eWAR installed, the price of eWARs, consumer and producer surplus as well as deadweight loss.
c) Suppose that there is a large benefit to society of installing eWAR that perhaps building owners are not incorporating in to their demand for them. What would the value of this “external” or spillover benefit have to be larger than to make the government program pass a cost benefit criterion?
Jim’s utility function is U(x, y) = xy. Jerry’s utility function is U(x, y) = 1,000xy - 2,000. Tammy’s utility function is U(x, y) = xy(1 - xy). Oral’s utility function is U(x, y) = -1/(10 + 2xy). Marjoe’s utility function is U(x, y) = x(y + 1,000). ..
The supply of and demand for bank reserves determines the
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Third Party Beneficiary: Alexander has been accepted as a freshman at a college 200 miles from his home for the fall semester. Alexander's wealthy uncle, Michael, decides to give Alexander a car for Christmas. Does Alexander have the right to sue Jac..
Every week, more and more applications are available for Droid-based smartphones. How does this affect the optimal price for Droid-based smartphones? Please show the appropriate rationale modeling you use.
In economics, the term "shutdown point" refers to the point where the
Which of the following would be the least likely method for firms to raise the financial capital they need to pay for new equipment?
Choose any industry and discuss the reforms done or needed in that industry and demand and supply of a product of your choice and factors that affect the demand and supply sides of the market.
They ask you what directive they should give to the open market desk. you tell them , being as specific as possibel, using the money multiplier. they ask you for two other ways they could have achieved the same end. You tell them.
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A bank has a net income (after taxes) of $3.5 million; assets of $150 million; and bank capital of $12.5 million. What is the bank’s (i) return on equity; (ii) return on assets; and (iii) debt-to-equity ratio? Show your work.
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