Suppose the market supply curve of wagons

Assignment Help Business Economics
Reference no: EM131239292

Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)

Reference no: EM131239292

Questions Cloud

Diagrammatically-algebraically cases of unitary elasticity : Show diagrammatically and algebraically cases of unitary elasticity, as discussed in class. Connect these with pertinent examples involving products and services.
Provide a definition of negotiation : In your own words, provide a definition of negotiation and When an individual is arguing over the price of a car at a used car lot, what type of negotiation situation is occurring
Equality of marginal revenue and marginal cost : Why is the equality of marginal revenue and marginal cost essential for profit maximization in all market structures? Explain why price can be substituted for marginal revenue in the MR=MC rule when an industry is purely competitive
Determine the incidence of a small tax on consumers : Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)
Suppose the market supply curve of wagons : Suppose the market supply curve of wagons is QS = –62.5 + 0.5p2. The demand curve is QD = 325 – 2p2. Use Equation 3A.2 in Appendix 3A to determine the incidence of a small tax on consumers. ?The equation to use is dp/dt=(ds/dp)/(ds/dp)-(dD/dp)
Demand for money increases and the reserve bank : If the demand for money increases and the Reserve bank wants interest rates to remain unchanged, which of the following would be appropriate policy?
Money supply of the treasury using the fiscal surplus : In 2000, the federal debt was being paid down because the federal budget was in surplus. What is the impact on the money supply of the Treasury using the fiscal surplus (excess tax receipts) to buy back bonds relative to the Fed using open market pur..
Explain what happens to price and quantity : If aliens come and take a large percentage of our cows what happens in the market for synthetic leather baseball gloves? (Assume a normal competitive market)(Show the graph, label all relevant points, and explain what happens to price and quantity. E..
What are barriers to entry : What are barriers to entry? How do they relate to the creation of potential long-run monopoly profits? Provide an example of a barrier that can lead to monopoly. Is it possible for an industry that is currently a monopoly to become a competitive mark..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Level of output produced

A firm is currently producing 40 units of output. At this level of output produced: Is this firm making profits or losses? How much? Are they maximum profits? Why?

  How business cycle has freed government and politicians

In "The Consequences of Mr. Keynes," James Buchanan and Richard Wagner argue that the "unwritten fiscal constitution" of an annual government balanced budget helped restrain the growth in government, but the Keynesian argument for a balanced budge..

  Part of the navigation acts

Demand-Supply Analysis and the American Revolution a. Before the American Revolution, the British government required that all imports to the colonies from outside the British Empire were first shipped to England (part of the Navigation Acts). A Bost..

  Auction format is a first-price sealed-bid auction

Two bidders are about to compete in an auction for an object. Each of them has a private value for the item that the other believes is distributed uniformly from zero to fifty. Suppose that the auction format is a first-price sealed-bid auction. Prov..

  How does this influence pricing decisions

Explain why the demand for the good or service provided by the organization you work for is elastic or inelastic. How does this influence pricing decisions?

  Briefly describ four factors you would consider

You have been asked to produce a forecast for your company's new product (bottled water). List and briefly describ four  factors you would consider before giving the forecast.

  Hospitals are facing unprecedented financial challenges

Hospitals are facing unprecedented financial challenges from entrepreneurial physician initiatives that are establishing competitive, freestanding diagnostic and treatment centers, and specialty hospitals. In your opinion, what are the advantages and..

  Externalities that result from the use of fossil fuels

Why do we policies in place to correct for externalities that result from the use of fossil fuels but not for externalities that result from the color yellow or country music (or pick something you dislike that isn't taxed)?

  Given the current state of energy use

Given the current state of energy use, which continues to grow exponentially in such countries as China and India, what measures can the United States and other Western countries take to produce more fuel-efficient and environmentally friendly fuels?

  Outcome that can result from either price ceiling

An outcome that can result from either a price ceiling or a price floor is:

  The clayton act prohibits price discrimination

One reason firms in monopolistic competition can charge different prices is that their products are identical 2 similar   3 differentiated 4 guaranteed. The Clayton Act prohibits price discrimination. In monopolistic competition, there is no need for..

  Assume all money is held in the form of currency

Assume all money is held in the form of currency. Assume central bank money (H) is initially equal to $100 million. Now suppose the Fed conducts an open market purchase of government bonds equal to $10 million. Explain the effect of this action on:

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