What is another action the government can take that would

Assignment Help Microeconomics
Reference no: EM13317932

If an effort to “maintain national security” government demands the wheat growers in America to produce Qs=16million pounds per year. The market can be expressed as P=120-3Qd and P=5Qs. What is the result of the government’s actions?

What is another action the government can take that would have the same result?

Reference no: EM13317932

Questions Cloud

How is operational efficiency of a plant defined : Why do shifts in production function takes place & how does it affect operational efficiency?
What is the expected demand for gasoline at the end of this : At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, the demand for gasoline reduces by 2.00%.
How many crates of grapes will it produce in a typical month : Ascaro incurs monthly total costs according to the function TC= 49+4q+q2 and monthly marginal costs according to the function MC= 4+2q, where q is the quanity of grapes produced bu Ascaro.
Relate the law of conservation of matter and energy : Relate the law of conservation of matter and energy to the air pollution problem; and
What is another action the government can take that would : If an effort to “maintain national security” government demands the wheat growers in America to produce Qs=16million pounds per year. The market can be expressed as P=120-3Qd and P=5Qs. What is the result of the government’s actions?
What will happen the company profits : Assume that the government imposes a lump-sum tax on a monopoly, what will happen to the output and market price?
President obama campaigned on the theme that he was going : President Obama campaigned on the theme that he was going to reduce taxes for 95% of working Americans. Why would such a campaign promise be difficult to put into practice?
Suppose the elasticity of deamnd for cereal is : Suppose the elasticity of deamnd for cereal is 1.If cereal increases in price by25%, how much will the quantitiy demanded decrease by?
Keyenes consumption function appears to explain consumption : Keyenes consumption function appears to explain consumption over the short run but not consumption over the long run - why?

Reviews

Write a Review

Microeconomics Questions & Answers

  Oligopolies have a negative impact on income distribution

"Oligopolies have a negative impact on income distribution." Do you agree or disagree? Provide justification for our response.

  Question about nyse euronext and the nasdaq

Suppose you have been asked to make a report for a group of new stock brokers about NYSE-Euronext and the NASDAQ.

  Use a cost-benefit analysis to argue for or against

Method in which Herb could use a cost-benefit analysis to argue for or against an expansion

  What is the per worker production function

Assuming no population growth or technological progress, find the steady state capital stock per worker , output per worker, and consumption per worker as a function of the savings rate and the depreciation rate.

  What is the difference between substitutes and complements

What is the difference between substitutes and complements? Indicate two goods that are substitutes for each other. Indicate two goods that are complements.

  What is the optimal combination of inputs for firm to employ

Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Wisconsin. It uses a special formula, combined with the fresh water from the local stream, to produce a drink popular with local folks and tourists who visi..

  Why do people hold their wealth in the form of money

Why do people hold their wealth in the form of money rather than another asset that will provide a rate of return higher that the rate on return

  Question on patent system

Government involvement in general scientific research has been justified on the grounds that advances in knowledge are public goods- once produced, information can be shared at virtually no cost.

  Explain what could be responsible for the pattern

if we observe that both the equilibrium price of peanut and the equilibrium quantity of jelly have risen, what could be responsible for this pattern - a fall in the price of peanuts, or a fall in the price of strawberries

  Explain mills description of the stationary state

1. Explain Mill's description of the stationary state and how it differs from Smith and Ricardo's descriptions. 2. In what ways did the Utopian Socialists seem to influence the PE thought of John Stuart Mill

  Select a specific consumer behavior and construct

Diminishing marginal utility explains a lot about consumer behavior in the economy. Select a specific consumer behavior and construct a "mini case study" that highlights the workings of marginal utility and how it affects the consumption pattern.

  Marxs transformation problem

There is an inherent tendency in industry to substitute labor with fixed capital and employers can compel workers to produce more than the value of their labor.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd