Farmers optimal solution in free market using marginal cost

Assignment Help Business Economics

Reference no: EM13858700

In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution. Explain who benefits and is harmed under the government subsidy solution? Using economic analysis and the guiding principles of sustainability, justify which solution is best.

Reference no: EM13858700

Questions Cloud

Economic feasibility study : You are asked to conduct a five-year (Year 0 to Year 4) economic feasibility study. Based on project schedule, you conclude that the system will not be in operation during the current year (Year 0). New computer costs $11,000 and the development cost..

Invest to achieve the new energy efficiency standards : Determine how much a car owner would be willing to invest to achieve the new energy efficiency standards of 54.5 mpg. Assume that gasoline sells for $2.50/gallon and the owner expects to receive a 5% return on their investment. The owner travels 15,0..

Difference between strategic controls and financial controls : What is organizational structure and what are organizational controls? What are the differences between strategic controls and financial controls? What is the importance of these differences?

Demand and supply for hamburgers : What effect would each of the following have on the demand and supply for hamburgers and on the quantity of hamburgers demanded and supplied in a city?

Farmers optimal solution in free market using marginal cost : In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution. Explain who..

Claims about the applicability of their findings to a target : Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern. ..

Market with price greater than ?rms average total cost : A price-taking ?rm selling in a market with a price greater than the ?rm's average total cost should:

Suppose the probability that any flight arrives late : There are five flights daily from Pittsburgh via US Airways into the Bradford, Pennsylvania, Regional Airport. Suppose the probability that any flight arrives late is 0.20, the probability that none of the flights are late today is [a]. (Note: keep t..

Complain about the parking permit price : Lets assume that we admitted more students this semester (1200) than last (1100) and because of it there is a shortage of “B” parking spaces. Students also complain about the parking permit price ($100).

User Account

All Pages