User Account

All Pages

Graph the dynamically efficient market

Assignment Help Business Economics
Reference no: EM13123594

1. Know how to do the static/dynamic efficiency problem.

Suppose the marginal benefit and marginal cost of extracting a nonrenewable resource is given by MB = 60 -0.5Q, MC = 10.

1) Graph the dynamically efficient market for two periods on one graph.

2) Graph the dynamically efficient market for each period on it's own graph. Suppose the government sets a price control equal to 20.

3) Illustrate the deadweight loss that results from the price control in each period. Why is this a deadweight loss? (Hint: Now that you know the dynamically efficient quantity and price for each period, graph each period on it's own graph. Impose the price control. Find the quantity that occurs in the 1stperiod with the given price control. How much is left over for the 2ndperiod? Find the deadweight loss in each period.)

2. Cap, Tax, or Neither? Please answer the each question around 5 sentences. And reference the attached articles.

  • Do you support an emissions cap, emissions tax, or neither? Be sure to support your argument with economic reasoning. 
  • If you don't support an emissions cap or tax, do you have a different potential solution or idea for decreasing emissions?  What is it?

Reference no: EM13123594

Questions Cloud

Confidence interval for population using historical data : Historical data suggests a standard deviation in the first sample of 10 and a standard deviation in the second sample of 16. Find a 95% confidence interval for the population difference.
Analyticity and differentiability : Assume that f(z) is analytic at the origin and f(0) = first derivative of f at 0 = 0. Prove that f(z) can be written in the form f(z) = [z^2]g(z), where g(z) is analytic at z = 0.
Graphing a linear equation : Graph the linear equation for the indicated values of the independent variable.Show this on a Graph as well as the formula
Amount of overhead cost : The amount of overhead cost that the company applied to work in process for October was:
Graph the dynamically efficient market : Graph the dynamically efficient market for two periods on one graph and graph the dynamically efficient market for each period on it's own graph. Suppose the government sets a price control equal to 20.
Suppose v and w are two normed spaces : Suppose (V, | * |) is a normed space. If x, y E V and r is a positive real number, show that the open r-balls Br(x) and Br(x + y) in V are homeomorphic.
Find sample to be accurate within ten peaches per tree : Find the 98% confidence interval for the mean number of peaches per tree. How many trees does she need to sample to be accurate within 10 peaches per tree?
Determine population for production line to be tested : Ninety of these flashlights are selected at random from the production line to be tested, and 15 are found to be defective. The population is?
Graphing binomials from trinomials : Using graphing to check your answers is helpful. When you factor a trinomial into two binomials, each binomial represents a linear relationship. If you plot the two binomials (which are just lines) on a graph

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate market demand and market supply

Calculate market demand and market supply. How this affects golden rule of capital per worker and golden rule of savings rate in so low model and explain your results.

  Delineate which market participants you believe benefited

Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.

  Find out some updated facts for each case

Drawing on current business publications, find out some updated facts for each case that support this theme.

  Illustrate what is the price elasticity of demand for movie

Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. Illustrate what is the price elasticity of demand for movie tickets. Could price elasticity be somewhat overestimated from these figures.

  Explain how much profit will firm make

uppose a firm is operating under a competitive market conditions and going price for its product is $260. Illustrate what is firm's profit maximizing output. Explain how much profit will firm make.

  Hypothesis of government regulation prior

Illustrate what way the U.S trucking organization exemplified the capture theory hypothesis of government regulation prior.

  Illustrate what kind of gap-inflationary or recessionary

Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock, and what type of fiscal policies, giving specific examples, would help move the economy back to potential output.

  Elucidate using economic terms

Illustrate what would happen if too more labor is hired without an addition to capital. Elucidate using economic terms.

  Does player have a dominant policy

Does player 1 have a dominant policy also if so Illustrate what is it or does player 2 have a dominant policy also if so Illustrate what is it.

  Elucidate that the balance sheet balances are assets

Elucidate that the balance sheet balances if these are the only assets and liabilities.

  What would be the long term

Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.

  Explain how would ford moter company use price elasticity

Explain how would Ford Moter Company use price Elasticity of demand to determine whether to increase or decrease the price.

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