Describe what is the underground economy

Assignment Help Microeconomics
Reference no: EM13189906

Under what circumstances, and why, would the government be opposed to a merger of two firms? How does the Justice Department decide which mergers to challenge?
Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology? Should they do so in industries with variable technology?
What is the "regulatory dilemma"? That is, what trade-offs do regulators have to consider when deciding how to control a natural monopoly?
What is the underground economy? What is the impact on the underground economy of instituting a tax on a certain productive activity?

Reference no: EM13189906

Questions Cloud

Keepers of faith : Anna Freud (daughter of Sigmund Freud) "Keepers of Faith," is identified as one of the founding theorists in helping to shape the concept of personality in psychology.
Focus on the marginal product of an input : Explain the difference between a short-run production function. Cite one example of this difference in a business situation Explain the relationship between a firm's short-run production function and its short-run cost function. Focus on the margin..
Determine what is optimal bundle : wedding plan with cake (c) and champagne (h) - price per glass and slice u(h,c) = h^(1/3)c a) solve foc's to derive the demand functions h(P(subscript h), P(subscript c), M) and c(P(subscript h), P(subscript c), M)
The united states participation in nato : The united states' participation in NATo
Describe what is the underground economy : Explain the difference between fixed-production technology and variable-production technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with fixed-production technology Should they d..
Neighbor connectivity analysis. : Propose a technique for detecting gaps of length ranging between 1 and L pixels in line segments of gradient image. Assume that the background is constant, that all lines have been coded with the same intensity level, and that the lines are 1 pixel t..
Renewed eruption in caldera can produce resurgent dome : Individual volcanoes erupt fairly regularly, and if the recurrence interval is known, their eruptions can be accurately predicted. Renewed eruption in a caldera can produce a resurgent dome.
What happens to the interest rate and investment : Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume.
Find who live in high sales tax areas : It has been found that people who live in high sales tax areas are much more likely to purchase over the internet where they are usually exempt from sales tax from firms located in another state. The NGA has proposed a uniform tax of 5% on all int..

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Define the pension benefit guaranty corporation

The Pension Benefit Guaranty Corporation (PBGC) is a government agency that absorbs pension obligations when a company goes bankrupt or otherwise cannot fulfill its pension obligations to current or former employees. Where is the moral hazard in ..

  Productivity of the sheet metal workers

Explain carefully in terms of production theory why it might be that no amount of "cracking down" can increase worker productivity at CF&D.

  Briefly describe the conditions for monopsony

Discuss Khalid's proposed business in terms of a competitive market and in terms of a monopolistic competitive market. Which type of market structure might he hope develops? Why? Does that development depend on him? Explain.

  Estimating consumer surplus

The demand curve for the product X is given by Qdx = 460 - 4Px. How much consumer surplus do consumers receive when Px = $35?

  How to reject fiscal stimulus measures in all policy forms

Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) comm..

  Preventing entry of firms by monopoly

Your firm sells a very popular children's game. As the manager, you have received information that another firm is thinking about introducing a similar game. You have the following facts:

  Describing profit maximizing output

Randy Smith us hired as a consultant to a firm producing ball bearings. This firm sells in two distinct markets, each of which is completely sealed off from the other. What price should managers charge in each market?

  Draw a graph showing the optimal size of the park

Draw a graph showing the optimal size of the park and briefly explain why a park of 2 acres is not optimal

  Impact of of capitalism

Someone say that capitalism is designed to create the rich richer and poor poorer. Enron raised benefits from 96 to 99 for yearly report purposes,

  Find the comparative statics for an increase

Find the comparative statics for an increase in the sales tax, namely y^s/s and p^s/s , and provide an economic interpretation of them. What is the economic interpretation of an increase in the parameter a? You might want to plot the demand functi..

  How do education and heathcare impact the economy

How do education and heathcare impact the economy externally? Make sure that you show the relationships between education, healthcare, and the economy.

  Discussion on the price matching policies

Assume that the two rival "Super Stores", Walmart and Target both adopt price matching rules. If people can discover lower advertised values on any items they sell, then they will match the lower prices.

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