Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consumer Behavior:
The government considers different calculations to help senior citizens with their increasing heating bills. One proposal on the table is to pay 20% of senior citizens' heating bills out of public funds. Another part is to pay a fixed amount of money to each senior household. Using indifference curve analysis, show the different effects of the two calculations! Under which option could the draw on public funds be greater, if the government plans aim at guaranteeing a minimum welfare level for the poorest senior household? Which calculate would you consider environmentally more friendly?
Answer: A subsidization of the heating bill could result in a price reduction of heating oil relative to the price of the composite good Y. With a direct income transfer, the household increase from the old optimum E to the new optimum A. The income transfer MN essential to reach the guaranteed indifference curve i* is smaller than the subsidy essiential to reach the subsidy LK necessary to reach this indifference curve. In addition to the income effect x0 x1 there is the substitution effect x1 x2 as heating oil becomes relatively cheaper. Due to the substitution effect, the environmental effect of the subsidy could be detrimental as well.
periodic table
what is the combined total demand schedule for Delgian cocoa beans that European and USA consumers buy
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
a more simple explanation of the group equilibrium in the short and long run
Oligopoly and its properties
What is a negative externality?
Equity: The proportion of a company's total assets which are "owned" outright by the company's owners. A company's equity is equivalent to its value less its debt owed to bankers,
Types of budget: Surplus Budget: A surplus budget occurs when the expected government revenue is planned to exceed the proposed government expenditure. It can be achieved by
Q. What is Joint Stock? Joint Stock: A form of business in which company's assets are jointly divided among a large number of different individual owners, each of whom owns a s
what is demand forecasting and defines its techniques
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd