Free-market capitalism

Assignment Help Business Economics
Reference no: EM13831105

Why would the gov't want to limit gas price increases? Isn't that exactly what we want to happen (price increases), to allocate scarce resources?

Is the gov't in the 'price control' business, and if they are, how does this work, in free-market capitalism? Are we contradicting ourselves?

Why not just control all prices, all the time?

Reference no: EM13831105

Questions Cloud

What is the present value of these future profits : A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits?
What will be the resulting full economic price : Suppose market demand and supply are given by Qd = 100 – 2P and QS = 5 + 3P. If a price ceiling of $10 is imposed, what will be the resulting full economic price?
Value of in the cobb-douglas production function : The current population of the United States is 318.9 million with 3% of the population is engaged in R&D at an eciency rate of 1/500 per million persons per year. If the growth rate in output per person is 3.0% per year what is the value of in the Co..
Demand and cost data for a specific firm : Answer this question on the basis of the above demand and cost data for a specific firm. Refer to the above data. If columns 1 and 3 are this firm's demand schedule, the profit-maximizing level of output will be:
Free-market capitalism : Why would the gov't want to limit gas price increases? Isn't that exactly what we want to happen (price increases), to allocate scarce resources? Is the gov't in the 'price control' business, and if they are, how does this work, in free-market capita..
Price elasticity of demand for the demand curve : When prices are (P1, P2)= (1,2), the consumer demands (X1, X2) = (1,2). When prices are (Q1, Q2) = (2,1), the consumer demands (Y1, Y2) = (2,1). Is this consumer behaviour consistent with Weak Axiom of revealed preference? Calculate the own price ela..
Use axiom of transitivity to prove that indifference curves : Use axiom of transitivity to prove that indifference curves cannot touch each other. Use axiom of non-satiation to prove that indifference curves will always be downward sloping and utility functions will always be upward sloping. Use the axiom of di..
Businesses will undertake all investment projects : According to the Keynesian view “Businesses will undertake all investment projects for which the expected rate of profit equals or exceeds the interest rate.” Explain what this means.
Graph for a profit-maximizing monopolist : Refer to the above graph for a profit-maximizing monopolist. At equilibrium, the firm will be earning:

Reviews

Write a Review

Business Economics Questions & Answers

  Imagine the hourly production

Imagine the hourly production for tuna cans is given by q = 6K + 4L. Assuming capital is fixed at 6, how much L is required to product 60 tuna cans per hour? Assuming capital is fixed at 8, how much L is required to product 60 tuna cans per hour?

  Analyze the effects of these factors on equilibrium price

clearly show on youre graph the old equlibrium price and quantity. Can you tell for certain whether the new equlibrium price will be higher or lower than the old equilibrium price?briefly explain.

  Transport water hundreds of miles to grow cotton

Why do cotton growers spend billions of dollars to dam rivers and transport water hundreds of miles to grow cotton in California deserts?

  Demonstrate how growth accounting could be utilized to learn

Demonstrate how growth accounting could be utilized to learn the value of g. Analyze the effects of an unanticipated permanent reduction in g on the real income rate also the real interest rate.

  According to the five forces of the porters model

According to the five forces of the Porter's model, the organization of an industry can be analyzed in terms of its structure, conduct and performance. Discuss. Is it always true that structure causes the conduct and thus performance of an industry? ..

  Least dependent on the network effects of the m-pesa

M-Pesa in Kenya has significant network effects (it becomes more valuable to participate as the number of people grows that use it) across several sides or dimensions. Select the side/dimension that is least dependent on the network effects of the M-..

  When using creativity to generate new concepts

When using creativity to generate new concepts, should our focus primarily be directed to external markets? Why, or why not? Defend your answer and offer a specific example to support it.

  Estimate changes in economic growth and in component share

Annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption, investment, government spending, exports and imports. Estimate changes in economic growth and in the component shares.

  What is the average product of capital and labor

what is the average product of capital and labor? what is the cost minimization choice of capital and labor if the firm decides to produce 144 units of output?

  To reduce agency problems, executive compensation should be

To reduce Agency Problems, executive compensation should be designed to.

  Why do years bonds issued by the us government have lower

Why do 20-years bonds issued by the US government have lower rates of return than 20-year bonds issued by corporations?

  Just need an explanation of what it woudl look like

Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew? Just need an explanation of what it woudl look like?

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!

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