User Account

All Pages

Mandate a maximum price for gasoline

Assignment Help Business Management
Reference no: EM132285630

Your uncle says that the government should mandate a maximum price for gasoline. As an economist, explain to your uncle the economic term for that law and its potential consequences. Your cousin then proposes that there ought to be minimum prices for farm products "to be fair" to the growers. Explain the economic term for that law and the problem that economists would have with it. Work in the principles of demand, supply, surplus and shortage in both of your responses.

Reference no: EM132285630

Questions Cloud

Discuss the nature of cash flow : Discuss the nature of cash flow.. Describe the business model canvas and what are the advantages of using it in the planning process?
Explain and summarize the classical view of the economy : Which U.S. major political party is generally associated with Classical principles?
What is a virtual machine : Explain how the XenDesktop works as a virtual machine. What is a virtual machine? How does this affect your access to files? This should be a 1-2 page document.
Describe the keynesian critique of the classical principles : Describe the Keynesian critique of the Classical principles. Include in your answer Say's Law, prices, interest rates and wages.
Mandate a maximum price for gasoline : Your uncle says that the government should mandate a maximum price for gasoline. As an economist, explain to your uncle the economic
Discuss about the future of information technology : Where do you see the future of Information Technology going and where do you see yourself in this mix after obtaining PhD in Information Technology from UC?
Deteriorates as highly demanding jobs cause stress : As time progresses, many employees find that their work-life balance deteriorates as highly demanding jobs cause stress due to long hours
Derive an expression for the monopolist : Suppose a monopolist faces the market demand function P = a - bQ. Its marginal cost is given by MC = c + eQ
External analysis and internal analysis : You can use the information from your External Analysis and Internal Analysis papers in developing this SWOT Analysis.

Reviews

Write a Review

Business Management Questions & Answers

  Draw a diagram with aggregate demand

Draw a diagram with aggregate demand, short-run aggregate supply, and long-run aggregate supply. Be careful to label the axis correctly.

  Relationship between the expected rates of return

CAPM describes the relationship between the expected rates of return on risky assets in terms of their systematic risk.

  Imposed on goods coming from mexico

?If 20% tariffs are imposed on goods coming from Mexico, will this change your buying/shopping habits? (Hint: what goods that we use regularly come from Mexico?

  Explanation of expansionary fiscal policy

Give and explanation of Expansionary fiscal policy

  Liability for purchasing and supply management

Provide details from the text or your personal experience where a supply officer or project manager has been held personally liable for conditions of a contract.

  Planning factors for competitive success

What are the key planning factors for competitive success? Provide an example of an organization that has achieved competitive success through planning. Provide an example of an organization that has failed to achieve competitive success as the re..

  Opportunities for written communication

Business managers use written communication every day. Opportunities for written communication in the business world include everything

  Main components of corporate plan

What are the main components of corporate plan? Please explain and write an effective corporate plan for a mini mart that is already exist in the competitive market.

  Citizens and also the worldwide economy

How does the US inflation rate affect citizens and also the worldwide economy?

  Define the three components of behavior control

Discuss/define the three components of behavior control. Clearly define each of the concepts. Discuss an organization that you have worked.

  Which type of retailer are competing with department store

How have retail institutions evolved over time according to the Big Middle concept? Provide an example of a specific retailer that operates within each of the categories identified in the model.

  Explain how the organization divides work

Differentiate between span of control and span of managerial responsibility within the organization. Decide whether the organization would be better run as a bureaucracy or an adhocracy. Explain your decision. Explain how the organization divides wor..

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