Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The demand and supply curves for fixed gear bikes in Hipsterland are QD = 225 ?1.5? P and Qs =1.5? P ? 45 respectively.
(1) Find the equilibrium price and quantity
(2) Find the price elastic of demand and the price elasticity of supply at the equilibrium in part (1)
(3) What are the consumer surplus, producer surplus, and total welfare at the market equilibrium calculated in part (1)
(4) There are too many fixed gear bikes in Hipsterland and city leaders are looking for ways to reduce the quantity. They are considering policies which would reduce the number of fixed gear bikes. a. Suppose that municipality imposes a quota of 60 on the number of bikes. What are the producer and consumer surplus? Is there any deadweight loss? If so, how much?1 b. Suppose the municipality imposes a price floor of $110 in the market for fixed gear bikes. What are the producer and consumer surplus? Is there any deadweight loss? If so, how much? c. Suppose the municipality decided levy a unit tax $40 on retailers for each fixed gear bike sold. Calculate the new equilibrium price and quantity. What is the incidence of the tax on consumers? On producers? What are the producer and consumer surplus? What is the revenue of the tax? Is there any deadweight loss? If so, how much? d. Compare the policy options in parts a., b., and c., on the basis of the reduction in fixed gear bikes, revenue, and dead weight loss. Which option would you recommend and why?
Will the homeowner retrofit also which insurance policy will the homeowner buy. Explain will the insurance company make a profit (on average) given the homeowners choice.
Explain how would you interpret the slope coefficient also illustrate what is the rate for the period under study.
What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?
In the aggregate expenditure model, suppose that consumption function is given by C=800+0.58(Y-TP), that planned investment (I) equals 250, and that government buy
What is the equilibrium price and quantity. Illustrate what will sales be if the price is dropped to $20.
Find the optimal (profit maximizing or cost minimizing) output of each firm. Find the price that each firm charges at the when producing the optimal output.
Suppose the emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . What quantity of output will the firm produce.
Given the high value of the Canadian dollar relative to the U.S. dollar, Canada should lower the value of the dollar and keep it at this lower level,
Compare and contrast the monopolist and the monopolistic firm Monopolistic competition is an inefficient form of organisation. Discuss
Suppose the firm decided to lease the large factory, and has put down a non-refundable deposit of 4,000 for that factory. Provide a recommendation concerning which factory firm should lease, and the number of boxes of chalk it should produce.
Discuss market trends that the organization will face. Explain your conclusions. Address how each of the following will change or will not change.
In an article on the steel industry, The Wall Street Journal noted that as steel prices were falling, steelmakers were not cutting production-Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encoura..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd