Government impose a price floor to subsidize a farmer

Assignment Help Microeconomics
Reference no: EM13687610

1. Why would the government impose a price floor to subsidize a farmer?

2. How is a shift in the demand curve dissimilar than a movement along the demand curve?

3. Name the kind of legislation that is used to prevent too much market power (used to break up monopolies).

Reference no: EM13687610

Questions Cloud

The demand for an input is a direct demand : The income and substitution effects are both a result of changing the price of a good. The income and substitution effects are both a result of changing the price of a good. The no satiation principle states that less is better. The income and substi..
What is the magnitude of the force exerted : A wire with current I = 5 A flows at an angle of 30 degrees to the direction of a uniform magnetic field of 1 T. What is the magnitude of the force exerted on a 4 m length of wire
What is the acceleration of the particle : A charged particle (Q = 80 C, m = 0.08 kg) moves at a speed of 40 m/s perpendicular to a uniform magnetic field of 0.04 T. What is the acceleration of the particle
What is the market demand for the physician visits : If the price of a physician visit is $75 and individual A purchases 10 visits, individual B purchases 12 visits, individual C purchases 14 visits and individual D purchases 0 visits. What is the market demand for the physician visits?
Government impose a price floor to subsidize a farmer : Why would the government impose a price floor to subsidize a farmer? How is a shift in the demand curve dissimilar than a movement along the demand curve? Name the kind of legislation that is used to prevent too much market power (used to break up mo..
How large is the normal force of the slide on the child : A 23 kg child goes down a straight slide inclined 38 degrees above horizontal. How large is the normal force of the slide on the child
Net investment-structural unemployment a greater problem : If Net Investment = 0 that means that we have neither lost nor gained capital in a given year. What is wrong with that? Why is structural unemployment a greater problem for older workers than it might be for younger workers? Economic growth is not re..
What is its initial temperature : A 5.90-g pellet of aluminum reaches a final temperature of 70?C when gaining 210J of heat. What is its initial temperature
What is the largest mass the rope can support : The two angled are used to support the crate. The tension in the ropes can have any value up to 1500 N. What is the largest mass the rope can support

Reviews

Write a Review

Microeconomics Questions & Answers

  What affect the banks that lent the money

Is the real interest rate on this loan higher or lower than expected? Does the lender gain or lose from this unexpectedly high inflation? Does the borrower gain or lose from this unexpectedly high inflation?

  Find two alternatives must be chosen and why how would the

a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can

  Price floor set by government above the equilibrium price

Bumper crops (i.e., abundant crops) for wheat and corn have historically reduced the number of wheat and corn farmers. A price floor set by government above the equilibrium price for those crops would:

  Determine the degree of operating leverage

Determine the degree of operating leverage at an output of 400,000 barrels.

  Discuss what the drawbacks are to adopting the system

Reliance on finite supplies of foreign oil and on coal fired electric power plants causes ever increasing prices that we must pay for the oil and the deleterious effects on our environment from both as sources of greenhouse gasses

  Discuss how operating room total costs

Discuss how operating room total costs, average costs, and marginal costs might change following the adoption of fiber-optic digital imaging equipment.

  Explain upward sloping supply curve

since the firm faces an upward sloping curve, it will not pick E* (equilibrium level of employment) How will it decide how much labor to employ, and how will this equilibrium level of employment (E**) compare with E*? Explain the reason for the di..

  Size of the plants or the amount of capital equipment

A firm has two plants, one in Mexico and one in the United States and it cannot change the size of the plants or the amount of capital equipment. The wage in Mexico is $5. The wage in the U.S. is $20.

  Select a topic from the following list and conduct research

select a topic from the following list and conduct research on the topic to locate scholarly sources from the ashford

  Write a plan which will assess effectiveness of market

1.outline a plan that will assess the effectiveness of the market structure for the companys operations.2.suppose the

  Part 1 you work for the local hospital in a meeting your

part 1 you work for the local hospital. in a meeting your boss mentioned that profit margins were declining.the

  Explore different ways government can reduce market failure

give a specific example of such a regulation and discuss the extent to which you think it has been successful. What other approaches are available to reduce this particular type of market failure

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