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Estimates of demand and supply
Suppose you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents. One way of measuring the impact on her constituents is to determine how that tax change affects the level of consumer surplus enjoyed by her citizens in her area. By using a formal analysis and estimates of demand and supply:Q (demand) = 500 - 5P and Q (supply) = 2P- 60
1. Graph the supply and demand curves2. What are the equilibrium quantity and equilibrium price?3. How much consumer surplus exists in this market?4. IF a $2 excise tax is levied on this good, what will happen to the equilibrium price and quantity?5. What will the consumer surplus be after the tax?
Your company is considering expanding overseas. It is particulary interested in developing markets, and narrowed its choice down to two countries, A and B.
If you need a rate of return. Illustrate what is the highest price I should be willing to pay for this stock.
Social Dynamo Corporation earned profits last year of $49 million on sales of $500 million. During the same period, its major competitor - EIO Corp.- enjoyed sales of $490 million and earned profits of $52 million.
Answer the following Multiple choice questions.
Illustrate what are some of the considerations in term of opportunity costs that you would have to include in arriving at your decision?
Elizabeth Corday, a quality control supervisor for Surgery Products, Inc., Compute the unit cost growth rate using the constant rate of change model with continuous compounding.
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
Illustrate what are the gains and losses for consumers in these types of international production and trading patterns.
Between your answers to parts b and c, which prices/capacity are best applied from a social welfare perspective? Why?
Draw the demand curve for the bridge crossings. How many people would cross the bridge when there were no toll? What is the loss of consumer surplus associated with charge of toll of $4.00
Bavarian Crystal Works designs and produces lead crystal wine decanters for export to international markets-What is the optimal level of production of wine decanters?
What is the expected value of the company in one year, with and without expansion? Would the company's stockholders be better off with or without expansion? Explain. What is the expected value of the company's debt in one year, with or without expa..
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