Explain why equilibrium of supply and demand is desirable

Assignment Help Operation Management

Reference no: EM131224832

This is a team project so I need an Agenda, Intro and conclusion slide in addition to the highlighted section of this assignment below. The other bullets will be completed by other team members.Please include speaker notes and format references in APA format

Explain why equilibrium of supply and demand is desirable.

Explain the following concepts using the concept of consumer and producer surplus:

Efficiency of markets

Costs of taxation

Benefits of international trade

Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities.

Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.

Cite a minimum of 3 peer-reviewed sources, not including your textbook.

Format consistent with APA guidelines.

Reference no: EM131224832

Questions Cloud

Consider the notown database : Consider the Notown database from Exercise 2.5. You have decided to recommend that Notown use a relational database system to store company data. Show the SQL statements for creating relations corresponding to the entity sets and relationship sets..

What are the primary reasons for contracting with providers : Why do managed care organizations seek to establish a provider network? What are the primary reasons for contracting with providers? Describe and discuss the key issues associated with provider payment that should be addressed in any managed care con..

Is the series serially correlated : Use the simple average of all transaction prices within a 5-minute interval as the stock price for the interval. - Is the series serially correlated?

Average between the two fillings : A motorist wants to determine her gas mileage. At 23,352 miles (on the odometer), the tank is filled. At 23,695 miles the tank is filled again with 14 gallons. How many miles per gallon did the car average between the two fillings?

Explain why equilibrium of supply and demand is desirable : Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.

What are the issues in the upcoming negotiation : Define your targets and asking price - where will you start and what are your goals?

What is the lag 1 autocorrelation of the price change series : What is the lag-1 autocorrelation of the price change series ?Pt = Pt - Pt-1 when the tick size is $1/8? - What is the lag-1 autocorrelation of the price change when the tick size is $1/16?

What does it mean to be an american citizen : What does it mean to be an American citizen? Or posed in another fashion, what are the responsibilities of citizenship in a democracy?

Store ten student names and their individual score : Store ten student names and their individual score in a text file such as Notepad. There will be one score per student. Write a C# program using Microsoft® Visual Studio® to retrieve the names and the scores.

User Account

All Pages