User Account

All Pages

Explain the efficiency implications of such a policy

Assignment Help Microeconomics
Reference no: EM13914468

a. Describe a real-world government policy that creates a market surplus. Be sure to carefully define the relevant market.

b. Explain the efficiency implications of such a policy. Be specific.

c. In the instance you have described, what is the government's motivation for intervening in the market in this way?

Reference no: EM13914468

Questions Cloud

Estimating the relative risk in cohort studies : You will read the following two papers and will provide summary of both papers in one to two pages - Estimating the Relative Risk in Cohort Studies and Clinical Trials of Common Outcomes
How would switching to the ifrs change : How would switching to the IFRS change
Pays the invoice : Maplewood Supply received a $5,390 invoice dated 4/15/10. The $5,390 included $390 freight. Terms were 3/10, 2/30, n/60. a. If Maplewood pays the invoice on April 27, what will it pay? If Maplewood pays the invoice on May 21, what will it pay?
Characteristics of effective business communicators : Which of the following characteristics of effective business communicators involves considering whether a message is appropriate to the situation?
Explain the efficiency implications of such a policy : Describe a real-world government policy that creates a market surplus. Be sure to carefully define the relevant market. Explain the efficiency implications of such a policy. Be specific.
Calculate expected dividend yield-growth rate in dividends : You buy a share of The Ludwig Corporation stock for $22.30. You expect it to pay dividends of $1.01, $1.15, and $1.3094 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $29.62 at the end of 3 years. Calculate the growth rat..
Determine whether to issue preferred or common stock : Determining whether to issue preferred or common stock. Compensating management based on the company's meeting or exceeding the tar- geted return on equity.
Compare the values of consumer surplus and producer surplus : Compare the values of consumer surplus and producer surplus before and after the change in labeling standards. Is this result expected? Why or why not?
Compute cost of goods sold budget : Wesley’s ending finished goods inventory policy is 35 percent of the next month’s sales. Suppose each handisaw takes approximately .25 hours to manufacture, and Wesley pays an average labor wage of $12.50 per hour. Each handisaw requires a plastic ho..

Reviews

Write a Review

Microeconomics Questions & Answers

  Why do keynesian economists think market forces dont

why do keynesian economists believe market forces do not automatically adjust for unemployment and inflation? what is

  How does the assignment of property rights affect outcome

Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area How does the assignment of property rights af..

  The federal reserve announcement

Three months ago you purchased, at par, a $100,000 bond with a stated interest rate of 5%. Today, the Federal Reserve announced that it is reducing the discount rate by 0.5%.

  What is the total price per widget paid by widget buyers

Demand in the widget market is given by QD = 30 – P, and supply is given by Qs = P + 6. The government imposes a tax on suppliers of t on every widget sold. After the tax is imposed, what is the total price per widget paid by widget buyers?

  Under the assumptions of perfect competition

Under the assumptions of perfect competition:

  Presume an economys output depended on capital and labor

Presume an economy's output depended on capital (K) and labor (L), and was determined by the function F(K,L) = 50(K^0.7)(L^0.3). Presently, there are 200 units of capital and 600 units of labor. Based on partial derivatives, by much would you expect ..

  Types of incentives for providers

What are some the kinds of incentives for providers for efficiency in delivery of healthcare services. Describe who bears the financial risk, the provider, the patient, or the managed care organization?

  Describe four changes to traditional 7-eleven supply chain

Describe four changes to the traditional 7-Eleven supply chain that the move to fresh foods will require. In addition, discuss four advantages that 7-Eleven can gain by outsourcing all or most of the fresh food supply chain responsibilities.

  What is the short-run profit-maximizing policy

What is the short-run profit-maximizing policy of a monopolistically competitive firm and how is the long-run equilibrium of monopolistic competition like that of perfect competition? also give example.

  What is the opportunity cost of one more candy bar

What is the budget line equation - what is the slope of the budget line equation and what is the opportunity cost of one more candy bar?

  What are the firm maximum profits

What are the firm's maximum profits?

  What is the price elasticity of demand for tours

What is the price elasticity of demand for tours? Interpret your answer. Given this elasticity, should Breakaway increase prices to increase revenue? Explain.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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