The free market using marginal cost analysis

Assignment Help Business Economics
Reference no: EM13851092

In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution. Explain who benefits and is harmed under the government subsidy solution? Using economic analysis and the guiding principles of sustainability, justify which solution is best.

Reference no: EM13851092

Questions Cloud

What is organizational structure and controls : What is organizational structure and what are organizational controls? What are the differences between strategic controls and financial controls? What is the importance of these differences?
Quantity of hamburgers demanded and supplied : What effect would each of the following have on the demand and supply for hamburgers and on the quantity of hamburgers demanded and supplied in a city?
Review the pros and cons of globalization in figure one : Review the pros and cons of globalization in figure 1. What is your opinion of globalization? Provide an Internet source to back up your opinion.
Specific aspect of a painting by vermeer or rembrandt : Describe a specific aspect of a painting by Vermeer or Rembrandt that shows a primary characteristic of the New Science - the Science of Observation -  What discovery or invention from this time period has had the most impact on society today?
The free market using marginal cost analysis : In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution.
Compare and contrast internal and external validity : Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern. ..
Daily flights problem : There are five flights daily from Pittsburgh via US Airways into the Bradford, Pennsylvania, and Regional Airport. Suppose the probability that any flight arrives late is 0.20, the probability that none of the flights are late today is [a].
How would you remain objective and yet see the world : As a sociologist, how would you remain objective and yet see the world as others see it? Would you make subjective decisions when trying to understand the perspectives of others
Discuss one recent price change that you have noticed : Discuss one recent price change that you have noticed while visiting your local supermarket.

Reviews

Write a Review

Business Economics Questions & Answers

  What can we say about marginal costs in relation to atc

Suppose that the average total cost (ATC) of producing 8 units is less than the average total cost of producing 9 units. What can we say about marginal costs (MC) in relation to ATC?

  Law of diminishing returns applies to which of subsequent

The law of diminishing returns applies to which of the subsequent segments of the marginal product of labour curve.

  Which sweden -portugal both produce oil also stained glass

Assume which Sweden also Portugal both produce oil also stained glass. Sweden's opportunity cost of producing a pane of stained glass is 8 barrels of oil.

  Explain how might knowledge of organizational behavior help

Explain how might knowledge of organizational behavior help the company's frontline store supervisors manage their employees.

  Explain how the mechanism described here works

The conventional wisdom has been that inflation is bad for the economy. If our inflation is running higher than our trading partners' inflation, according to this argument, our growth slows and jobs are lost. Explain how the mechanism described here ..

  Discuss the positive aspects of globalization and contrast

Discuss the positive aspects of globalization and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address to pros and cons of outsourcing in your response.

  Significant difference in the means of the populations

compute the test statistic. at 95% confidence test to determine if the is a significant difference in the means of the 3 populations.

  Indicate changes in consumer surplus and producer surplus

What will happen to the equilibrium price and quantity of hairy crabs if: Use a diagram to show the tax burden on buyers and sellers and briefly explain your answer. (ii) use a separate diagram to indicate the changes in consumer surplus and producer..

  Explain how will the level of the velocity of money change

Explain how will the level of the velocity of money change if there is a permanent (one time) increase in the nominal interest rate, holding other factors constant.

  Optimism or pessimism about business conditions

Optimism or pessimism about business conditions and economic growth can also lead to shifts in the IS curve. Describe a case from the real world where economic growth picked up because of more optimism and another case from another country where econ..

  Illustrate what is profit-maximizing level of price

Illustrate what is profit-maximizing level of price and quantity for this monopolist. Illustrate what will profits be at this price and output level.

  What is the price at this output level

What output level will the competitive firm choose in order to maximize its profit? What is the price at this output 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