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1. a. Suppose the marginal social cost of television sets is $100. This is constant and equal to the average cost of television sets. The annual demand for television sets is given by the following equation: Q 200,000 500P, where Q is the quantity sold per year and P is the price of television sets. If television sets are sold in a perfectly competitive market, cal- culate the annual number sold. Under what circum- stances will the market equilibrium be efficient? b. Show the losses in well-being each year that would result from a law limiting sales of television sets to 100,000 per year. Show the effect on the price ,marginal social benefit, and marginal social cost of television sets. Show the net loss in well-being that will result from a complete ban on the sales of television sets.
2. Suppose perfect competition prevails in the market for hotel rooms. The current market equilibrium price of a standard hotel room is $100 per night. Show that the current market equilibrium is efficient, assuming that both the marginal cost incurred by sellers and themarginal benefit perceived by buyers reflect all costs and benefits associated with production and use of hotel rooms. Suppose a $10 per night tax is levied on hotel occupancy. Show how this tax will prevent the market from achieving efficient output. Show the loss in net benefits from hotel use resulting from the tax.
Imagine you are an intern at your state health department, which has just launched a new initiative to reduce risk-seeking behaviors among adolescents. The Commissioner asks you if you think that internet use among adolescents is "a cause" of risk-se..
You are the project manager for a large software development project. You have concerns that one of the components of the Iron Triangle is slipping. Your project sponsor, Jim Bob, is not familiar with the Iron Triangle, so you explain the concept to ..
There are different types of forecasting models that can be used in business research. Each model is suitable for a type of historical demand data. Some data may have a trend
identity three types of pricing strategies. select a good or service and compare the prices of two different companies
This is the thing an organization does best—something that draws customers to the company, is difficult to imitate, and opens up potential markets. Developed by individual departments, these strategies can include marketing strategies, human resource..
Communication Briefly discuss effective strategies you used to improve your communication with teams in this class. Briefly discuss what you might do differently. Explain your thoughts on best and worse tools for synchronous and asynchronous communic..
Liz’s company is being targeted by a union campaign. Liz recommends the company announce a pay increase for all employees. Should her company proceed with that recommendation? Why or why not?
Metropolis Health System has received a wellness grant from the charitable arm of an area electronics company. The grant will run for twenty-four months, beginning at the first of the next fiscal year. Two therapists and two registered nurses will ea..
Create a decision table that illustrates explain how Willow brook School determines which discounts, if any, are to be applied to fixed fees for a child.
One of the most common challenges in project management is to be able to fulfill the triple constraint. Part A of this homework is an analysis about Wal-Mart expanding into Russia. what would your challenges be as the project manager in trying to ful..
From personal observations or experience, provide an example of where service planning difficulties have been self-evident. Explain what you feel they could have done better from a planning strategy perspective.
Examine the subsequent rules also write a report to Jeff Baker summarizing your Find outings also advise him on which rule to use.
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