000000000 PRICE Q₁ d Social Cost Q₂ QUANTITY Q₂ Supply Demand Refer to Figure 10-2. Without government intervention, the equilibrium quantity would be O a. Q3. O b. Q4. O c. Q2. O d. Q₁. ecoco
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- Bb 5535547 H My Blackboard Conte x Bb Module 01: Fundamer x pardcdn.com/blackboard.learn.xythos.prod/5a25b62cdb9cf/5497575?X-Blackboard-Expiration=1631804400000&X-B 1 / 4 100% 1. If there is a population boom in California, the (demand/quantity demand) for surfboards will (increase decrease). 2. If market experts announce that price of gold is expected to rise 25% in May, the (demand/quantity demand) for gold will (increase / decrease) in April. 3. If Kroger announces a price decrease on hot dogs, the (demand/quantity demand) for hamburgers will (increase / decrease). 4. If a drought destroys tea crops causing an inerease in the price of tea, the (demand/quantity demand) for sugar will (increase / decrease). 5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the (demand/quantity demand) for Ghirardelli 92% Intense Dark bars at Chocoly Candy Shop will (increase / decrease). 6. If the Federal Reserve announces that the economy is booming and unemployment…Suppose the the demand for a product is given by Qd = 40 − 3P , andsupply by Qs = 5 + 2P Suppose that government places a tax on consumers of 10 per unit onproducers.(a) What will be the price and quantity with the tax?(b) How much will be the consumer be paying, including the tax, for each unit that the consumer purchases?(c) How much will the government be collecting in tax revenues?(d) What is the consumer surplus now that a tax has been placed on theproduct?(e) What is the producer surplus?(f) What is the deadweight loss?2. only
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- A customer has purchased one pack of 100 pairs of disposable face masks. The price of the second pack is $45, and the burer estitnated its net benefit from buying this second pack to exceed $50 What should the buyer do? Select one O a The buyer should not buy the second pack as buying the second packiwitl increase total benetts by less than total costs b. The buyer should not buy the second pack as buying the second pack will increase total benefits by more than total costs OC The buyer should buy the second pack because the marginal beneft of the second packit so igh that ts marginat cost does not mater umy more d. The buyer should buy the second pack because the marginal benefit of the second pack exceeds the marginal costA pharmaceutical company develops a vaccine against malaria, a disease that kills large numbers of people worldwide. This vaccine market presents Opositive externalities Onegative externalities Opublic goods Osocial cost and as a result Othe private demand for vaccine is greater than the social demand Othe social demand for vaccines is greater than the private demand Othe market will result in an over production of vaccines Othe price of the vaccine will be too low to generate profitfor the firm ZER F11 F12 F6 F7 F8 F9 F10 prt sA law is passed providing for compulsory vaccination and subjects a person toimprisonment for refusing to submit vaccination, except when it is apparent or it canbe shown that the person is not fit for vaccination because of his physical condition. Isthe law valid?
- T/F wieth explanationPlz explainConsider an eronomy with the following equation. C = atb( Y-T) cY - dite %3D N = fY-gi G = G P= 1 () is-Curve U Derive oun eapression for the and explain whatt this eguaton ropresents 122) Denje an expreacion for the LM-aurve ond explain what t "reprerents b2) Compete the lovel A private caving when both the goods and financiat morket are in eguilibrium.
