Graph a market with tax where firms pay the majority of tax

Assignment Help Microeconomics
Reference no: EM13685324

1. Graph a market with a tax where firms pay the majority of the tax.

2. Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition. Compare the results.

3. Graph an increase in demand when supply is elastic and show the change in eq. P and Q. Graph a similar increase in demand when supply is inelastic and show the change in eq P and Q. compare the results.

Reference no: EM13685324

Questions Cloud

Change in short run aggregate supply-demand-pull inflation : What is the overall effect on prices, output and employment? We have seen two causes of inflation in cost-push and demand-pull. One is related to a change in aggregate demand (AD) while the other is related to a change in short run aggregate supply (..
Take a ripple passing the cork to reach the shore : A cork resting on the surface of a pond bobs up and down two times per second on some ripples having a wavelength of 8.5cm. If the cork is 10.0m from shore, how long does it take a ripple passing the cork to reach the shore?
Instead of donating it to haitian earthquake relief : Presume that Kim K decides to spend $30,000 on an American made purse instead of donating it to Haitian earthquake relief. Suppose that the multiplier is 1.2. How much will GDP rise when Kim K buys her purse according to the multiplier effect?
A golf ball has a mass of 46 grams : A golf ball has a mass of 46 grams and when struck by a driver reaches a speed of 42 m/s. The club is in contact with the ball for the time of .50 milliseconds. What is the momentum of the ball after impact?
Graph a market with tax where firms pay the majority of tax : Graph a market with a tax where firms pay the majority of the tax. Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition. Compare the results.
Find the force : Find the force
A link between air pollution and autism : Find any information about a link between air pollution and autism and write a paper based on your information. News-press, peer-revised, etc. any sources
What will be the pattern of trade between two country : There are two countries (US, Mexico) producing two goods (Ipads (I), Jeans (J)). Suppose I is relatively capital intensive in production and the Mexico is relatively capital abundant. What will be the pattern of trade between the US and Mexico? Which..
Implement a framework for cpu scheduling : You will implement a framework for CPU scheduling with three scheduling algorithms: FIFO, round robin, and shortest job first (SJF). Jobs arrive at the CPU scheduler at arbitrary times.

Reviews

Write a Review

Microeconomics Questions & Answers

  Demand forecasting by moving average method

You have the following data for the last 12 months' sales for the PRQ Corporation (in thousands of dollars): Calculate a 3-month centered moving average.

  Estimate the advantages and disadvantages of both

evaluate the advantages and disadvantages of both symmetrical and master-slave multiprocessing systems in

  Compare relative costs of using long-term equity financing

compare the relative costs of using long-term equity financing and those of using long-term debt financing. hint what

  What is the costs of government budget deficits

Disinflation is defined as a reduction in the rate of inflation. B. Policymakers can exploit a trade-off between inflation and unemployment in the short run but not in the long run. C. Unemployment rates below the natural rate of unemployment are di..

  Provide an intuitive explanation of concept of present value

1. Why is it necessary to understand the concept of present value to analyze the schooling decision 2. Provide an intuitive explanation of the concept of present value.

  Imagine that you have decided to open a small ice cream

imagine that you have decided to open a small ice cream stand on campus called ice-campusades. you are very excited

  Explain what kind of foreign investments would be best for

the ppf curve shows the economic choices a country can make about production given scarce resources a given technology

  The xerxes company is composed of the marketing division

the xerxes company is composed of a marketing division and a production division. the marketing division packages and

  Wat us government organization is mainly responsible for

define the inflation rate. b explain how the cpi differs from the ppi as a measure of the u.s. inflation rate. c why is

  What are key issues relating to our reliance on fossil fuels

Given the current state of energy use, which continues to grow exponentially in such countries as China and India, what measures can the United States and other Western countries take to produce more fuel-efficient

  Calculating profit maximizing output level

What is the total fixed cost for the El Dorado Star? If the total fixed cost increases to $5,000, how many papers should be sold daily for profit maximization?

  Why is the long-run aggregate supple curve vertical

Why is the long-run aggregate supple curve vertical Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right

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