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Markets and the economics of the public sector
You have been assigned to a team that has the responsibility of preparing a paper consisting of 350-450 words for the governor's next economic conference. Your paper should address the following: •Introduction included! Explain why equilibrium of supply and demand is desirable.
Cite a minimum of 1 peer-reviewed sources, not including your textbook. Format consistent with APA guidelines.
These are the other bullets just to go by for the introduction • Explain the following concepts using the concept of consumer and producer surplus: o Efficiency of markets o Costs of taxation o Benefits of international trade • Discuss how externalities may prevent market equilibrium and the various governments policies used to remedy the inefficiencies in markets caused by externalities. • Analyze the difference between the efficiency of a tax system and the equity of a tax system as it refers to the costs imposed on taxpayers using the benefits principles.
Concept raised in the Dasgupta article in the terms of theoretical microeconomics. Do not try to solve the problem. Simply try to structure the optimization decision.
Write a conclusion that summarizes the economic and environmental impacts of the proposed actions.
Merriwell Company has a virtual monopoly in ultra high speed computer market. Merriwell has recently introduced a new computer that will be used through satellite installations around the world.
Are employees treated as commodities at Marriott? Is their labor policy cruelly capricious or caring? Is Marriott the exception to the rule among big companies?
Calculate and Compare the profit under each flight - What does this imply for short-run marginal cost of these firms?
How many citizens would need to be sampled if a 90% confidence interval was desired to estimate the true proportion to within 5%?
Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely..
Which principle made it easy for the Europeans to colonize Africa when they must have known of the racial inequalities that characterized earlier colonizing attempts?
The Johnson Company is the sole producer of clothing. What can the company do to induce Juan to purchase more clothing? Show graphically. (The graph does not have to be exact.)
What are the two primary factors that influence a firm manager's choice between a labor-intensive and a capital-intensive method of production? How does each factor influence the manager's choice.
Suppose that U and g are two twice differentiable functions of x, both of them increasing and concave, with U %¥ 0, U % 0, g %¥ 0, and g % 0. Prove that the composite function f(x) = g(U(x)) is also increasing and concave.
How did the Emancipation Proclamation, northern military successes, and actions by the slaves themselves combine to finally end slavery?
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