User Account

All Pages

Equilibrium quantity of pretzels

Assignment Help Business Management
Reference no: EM131112933

Street vendors in New York City sell soft pretzels in a perfectly competitive industry that is initially in long run equilibrium. The city implements a $100 tax on each owner's pretzel stand. How does this tax affect the equilibrium quantity of pretzels consumed in the short run and in the new long run?

Reference no: EM131112933

Questions Cloud

What is the total explicit cost : Suppose you are employed as a waiter at a restaurant at Broadway making $8 per hour. You have to take two hours off work to go to the doctor, who charges $75 for your checkup. What is the total explicit cost of your visit to the doctor?
Cost of production and decide to specialize and exchange : Puma and Lima are two countries that both produce bananas and sugar. In Puma each worker in a one-hour period can produce either 11.83 pounds of bananas or 3.96 pounds of sugar. In Lima each worker in a one-hour period can produce either 14.43 pounds..
Which design has dorothy employed : Sharon wanted to investigate student perceptions of homework. First, she distributed a survey to students and their parents and collected quantitative data. Second, she interviewed a few participants to gain insights on their survey responses. Whi..
Type of oligopolistic behavior : What real-world evidence would lead you to believe that firms were acting as Cournot oligopolists? Stackelberg oligopolists? Bertrand oligopolists? Give an example of each type of oligopolistic behavior and explain your answer.
Equilibrium quantity of pretzels : The city implements a $100 tax on each owner's pretzel stand. How does this tax affect the equilibrium quantity of pretzels consumed in the short run and in the new long run?
Presidential and parliamentary systems of government : Identify and discuss the key differences between the presidential and parliamentary systems of government. Your answer should include a comparison of electoral processes which brings a party to power, how the executive and his/her cabinet are selecte..
Identify the customer perceived value for the customer : Using suitable models identify the customer perceived value for the customer for a company of your choice. Critically evaluate the existing value proposition for the one you have chosen
Identify personal economic decision : Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?
Draw the new budget constraint : Label the initial consumption point C1 (on the budget constraint) indicating that the family decides to spend half of its budget on healthy food and half on junk food. Suppose the price of healthy food drops to $5/meal. Draw the new budget constrai..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd