User Account

All Pages

Explain why market outcomes are inefficient in the presence

Assignment Help Microeconomics
Reference no: EM13317919

Give two example of a negative externality and two examples of a positive externality Explain why market outcomes are inefficient in the presence of externalities.

Reference no: EM13317919

Questions Cloud

Decrease average weekly work hours if the income effect : In comparing two otherwise identical industries X and Y, an economist finds that labor demand is more elastic in industry X. Which of the following would support this finding?
U.s. real gross domestic product increased : U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent.
Briefly explain how each of the changes the money supply : Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate
Determine the resulting angular velocity of the wheel : A bolt located 50 mm fm he center of an automobile wheel is tightened by applying the couple for 0.10 s. Assuming that the wheel is free to rotate and is initially at rest, determine the resulting angular velocity of the wheel.
Explain why market outcomes are inefficient in the presence : Give two example of a negative externality and two examples of a positive externality Explain why market outcomes are inefficient in the presence of externalities.
What is the speed of the bullet before it impacted the block : A bullet of mass 25.0 g is fired into a wooden block of mass 2.200 kg that is initially at rest. what is the speed of the bullet before it impacted the block
Where to locate the mass center of the assembly : The two upper lengths of the welded Y-shaped assembly of uniform slender rods have a mass per unit length of 0.3 kg/m, while the lower length has a mass of 0.7 kg/m. Locate the mass center of the assembly. lenghts of all rods aew 30mm
What is the maximum weight that can be suspended on poll : What is the maximum weight that can be suspended on a 16 Kg poll, 3/5 from the end. The maximum tension of the 30 degree guy-wire is 1500 N. Find the horizontal and vertical forces exerted on the poll by the hinge.
What is min required heat transfer rate from heat source : A waste heat source is available at 400°C. A heat engine operates using heat from this source. It rejects heat to the surroundings at 38°C. The power from the engine runs an air conditioner to keep the air inside a building at 25°C

Reviews

Write a Review

Microeconomics Questions & Answers

  She must guess the correct percentage in that range

In the final round of a TV game show, contestants have a chance to increase their current winnings of 1 million dollars to 10 million dollars. If they are wrong, their prize is decreased to $100,000.

  What is the discount rate in the banking system

If you had a business exporting goods to Britain, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why?

  Explain the two causes of market failures

Explain the two causes of market failures. Given their definitions, could a market be affected by both types of market failures simultaneously What divergences arise between equilibrium output and efficient output when (a) negative externalities a..

  How many apples and hotdogs will mathew buy

Mathew's utility function implies that the marginal utility of apples is 0.5vX/Y and the marginal utility of hotdogs is 0.5vY/X . How many apples and hotdogs will Mathew buy?

  Description of monopolist

Discuss why a monopolist should lower its quantity relative to the perfectly competitive market to maximize profits. Make sure to elaborate employ examples.

  How facts are consistent with model of perfect competition

Furniture manufacturing involves a huge number of options to satisfy consumer preferences, but this extensive set of choices slows production and raises costs.

  The preference for pepsi & the cost of production both have

With an aid of diagram (consist of both demand & supply curves) show & explain what happens to the equilibrium price & quantity when:1. the preference for pepsi suddenly increases 2. the price of milk has increased which increased the cost of ice cre..

  What is the nominal-period interest rate

Using the compounding annual interest rate from above, what is the nominal, period interest rate and corresponding effective interest rate if compounding is hourly? Assume 30 days per month,What is the annual compounding interest charged?

  What is the most that sold pay to complete development

The company that you manage has invested 5 million in developing a new product, but the development is not quite finished. At a recent meeting, your salespeople report that the introduction of competing products has reduced the expected sales

  Why testers were told to take at least three bites of sample

Wendy's narrowed the vanillas to two varieties and brought more than 100 consumer testers into stark white tasting booths at its head headquarters. The testers were told to take at least three bites of each sample before deciding which they prefer..

  Assume that there are two goods in the economy

Find (algebraically) consumer’sAutility maximizing (optimal) combination of Qax and Qay. At this point compute the level of utility enjoyed by consumer A.

  Evaluate the financial performance of the company

Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences mana..

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