Surplus procedures, Business Economics

Consider a market for a good where there is a per unit tax set at t cents per unit sold, where the demand curve slopes downward and where supply is perfectly inelastic. Suppose the quantity demanded at each price is expected to increase as a result of purchases for a public project.  The size of the change in total market revenue due to the project will be the same as the size of the change in producers' surplus due to the project.

Required:

What is Surplus Procedures?

Posted Date: 2/19/2013 2:09:15 AM | Location : United States







Related Discussions:- Surplus procedures, Assignment Help, Ask Question on Surplus procedures, Get Answer, Expert's Help, Surplus procedures Discussions

Write discussion on Surplus procedures
Your posts are moderated
Related Questions
How can the size of shadow economy estimated? The size of the shadow economy is estimated when activity is undeclared as the amount of informal activity can be calculated: a


Question 1: (a) Explain, giving examples, the law of diminishing returns, clearly bringing out the relationship between cost curves and product curves in the short run. (

What are rural and urban sectors? Rural and urban sectors: • Rural sector consider as countryside. 60 to 70 percent of LDC (Less Developed County) population live into r

Explain about the term Traditional Economy. Traditional economy: It is where decisions regarding what, how and for whom to produce are based onto tradition and custom. A

1.Randy Johnson made a decision to foryo college to worki in the family business/How sure was he that was his right thing to do to work for family? 2 Hal began discussing about

with a water park going in town. What kind of externality is this?

A. The correct duopolistic firm equilibrium o/p and price B. Equilibrium profit

Usage of Game Theory in Managerial decision

QUESTION Write short notes on any three (3) of the following: (a) National income and the standard of living. (b) Globalization and its implications for developing countr