Why government would implement a program to lower the price

Assignment Help Microeconomics
Reference no: EM13239942

Discuss why the government would implement a program to lower the price of a good and the welfare effects of such a program. Give an example of good for which such a policy has been implemented and explain the purpose of the policy.

Reference no: EM13239942

Questions Cloud

Compute the concentration of sugar : Calculate the concentration of sugar in % (w/v) for 250-mL solution that contains 4.32g og sugar
Explain condition under which frank and mike wont make trade : Suppose that Frank is considering giving Mike eight paper back books in exchange for 2 CDs. Explain the conditions under which this trade would be mutually beneficial. Also explain the conditions under which Frank and Mike won't make the trade.
Define what will be the final temperature of the water : If 100. grams of liquid water at 100.0 C and 200. grams of water at 20.0 C are mixed in an insulated container, what will be the final temperature of the water? The specific heat of water is 4.18 J/g
Find minimum diameter of wire : When the starter motor on a car is engaged, there is a 330A current in the wires between the battery and the motor, What minimum diameter can the wires have if the voltage drop along the wires is to be less than 0.45V
Why government would implement a program to lower the price : Discuss why the government would implement a program to lower the price of a good and the welfare effects of such a program. Give an example of good for which such a policy has been implemented and explain the purpose of the policy.
Explain the relative sweetness of sucralose : The relative sweetness of sucralose is 60000. The relative sweetness of sugar is 100. How many grams of sucralose would you need for a solution that has the same sweetness as one made with 2.00g of sugar
Explain calcium carbonate and dichloromethane : You are provided a neutral (pH 7.0) aqueous solution of citric acid, caffeine, and triethyl amine. Provide a flow chart for how you would isolate pure caffeine from this mixture using, calcium carbonate, dichloromethane, sodium sulfate(drying), an..
Find how much is the economic life of the equipment : Special equipment can be designed and built for $80,000. This equipment will have a salvage value of $70,000 in year 1, which will decrease b y $10,000 through year 8. Operation and maintenance costs will start at $18,000 in year 1
What length will you choose for your wire : You've made the finals of the Science Olympics! As one of your tasks, you're given 1.1g of copper and asked to make a cylindrical wire, What length will you choose for your wire

Reviews

Write a Review

Microeconomics Questions & Answers

  What is strategic trade policy

With the help of an example discuss the characteristics of globalization. What are the factors that contribute to the attractiveness of a country as a market or investment site? What are the implications of cultural differences for international busi..

  Effects of increase in interest rate on lonable funds

stuck on these an open economys GDP is always given by. 1.Y=C+I+G+T 2.Y=C+1+G+S 3.Y=C+I+G 4.Y=C+I+G+NX other things the same, an increase in the U.S interest rate causes the quanity of loanable funds supplied to 1. rise bc net ccapital outflow and do..

  Determine aggregate demand line

Assume a bank has $200,000 in deposits, a needed reserve ratio of 10%, and bank reserves of $50,000. Then the bank can make new loans in the amount of?

  Explain aggregate supply-aggregate demand model

If there is a constitutional requirement to maintain a balanced budget, then during a recession when tax revenues are shrinking, the government will have to implement

  Ethical missteps by companies for safety-related issues

What are the facotrs involved? What were the circumstances? How was the dilemma handled? What were the consequences?

  What is afc per poster

What is her AFC per poster if she prints 1,000 posters - Karen runs a print shop that makes posters for large companies.

  How would the information affect the optimal length

Under the contract, they would ship to you 2,000 titanium bolts per month at a price of $1,000 per bolt. Your assistant has just brought you an article from a trade publication that indicates another company has developed a new technology that red..

  Contradict the law of downward-sloping demand

College enrollments increased at the same time that average tuition rose dramatically. Does this contradict the law of downward-sloping demand?

  Theory of economic behaviour

Neoclassical economics was 'a crucial stage in the creation of a genuinely scientific unified theory of economic behaviour'. Discuss.

  What is the fastest growing component of gdp and why

Go to the Bureau of Economic Analysis on the Department of Commerce's Web site, and look up the latest new release for real GDP. Where are we in the business cycle What is the real GDP today What is the nominal GDP todayWhat is the difference between..

  Production decisions in short run

You've been hired by an unprofitable firm to determine whether it should shut down its unprofitable operation. Help the management of the firm as to whether or not it should continue to operate at a loss?

  What is double counting in calculation gdp

draw a simple circular flow diagram with just firms:downstream firms that product final goods and services for consumption, and upstream in production only intermediate goods that are used by downstream firms in production.

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