3. The government wishes to encourage students to become more literate in economics and is therefore giving a $15 per unit subsidy to students who purchase of Managerial Economics. Given the following demand and supply, what are the economic effects of this subsidy? (1) P = $100 - Qa P = $ 40 +2Qs P

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

Q: of oil would make 15 million barrels the optimal quantity to extract and sell

A: At price 90 oil would make 20 million barrels the optimal quantity to extract and sell this year.

Q: Question 8 Assume that Derryland and Whetonia can switch between producing cheese and producing…

A: Opportunity Cost: It refers to the foregone revenue on the next best alternative if we pick a…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: Total revenue is the total value of the commodities produced and sold in equilibrium. Economic costs…

Q: A diesel refinery is upstream of an industrial farm. The runoff from the refinery pollutes the river…

A: The social optimum output level shows all the costs and benefits associated with a transaction i.e.…

Q: There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar…

A: With the existence of a transaction cost of $90 which has to be split between the two that is $45…

Q: 15. Compute the QUALY of a person that has a Q value of 0.7 that decreases by 0.1 points for the…

A: Given: Time period=4 years Discount rate=4%

Q: ities/97507c54-29b3-4b89-bbid-c07ca40b872e/curiosity-feed?section=ef2825d6-34c2-4bae-8d5b-fec67cf632…

A: Tax:Tax is a compulsory payment which is imposed by the government of the country and for the…

Q: Do you currently have a job? Do you feel valued and appreciated at work? Type A Yes Yes 4.7% 7.9%…

A: Unemployed are those people who are willing to work but do not have a paid job. Unemployment rate…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: Kyle sells tortilla chips in a competitive market. Currently, each bag of tortilla chips is sold for…

A: In competitive market,  A firm will produce where the price is equal to the marginal cost.  Marginal…

Q: What does the AE method provide?

A: The investment expenditure is an important component of the aggregate demand in the economy. It is…

Q: 20 18 16 Price 14 12 10 ID: 8. 4 2 20 40 60 80 100 120 140 Quantity

A: Slope of demand curve = dP/dQ  Considering points (20, 20); (65, 2): Slope = (2 – 20)/ (65 – 20)…

Q: 2. What is the crowding- out effect? How does it modify the implications of the basic Keynesian…

A: Crowding out occurs when expansionary fiscal policy causes the interest rates to rise, thereby…

Q: Why is the permit needed for all the agencies?

A: The permits are a different form of license issued by the government to every business in the…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: The maximum price that a consumer is willing to pay for a good or service, or the lowest price that…

Q: A member must at all times b member's trust obligations fr Money in the member's trust account. The…

A: The inquiry focuses on the subject of financial responsibility and trust obligations in a particular…

Q: Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices…

A: Revenue is defined as the income of the company. The revenue generated is done from two sources…

Q: what is the d than?

A: Price ceiling:It is a situation when the government controls the prices of goods and services to…

Q: Provide a brief description of what a Solar panel Tech does.

A: Because of solar panel tech,solar energy can be converted into electricity. Solar panels are used on…

Q: None

A: Willingness to Pay (WTP) is an economic concept that refers to the maximum amount an individual or…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: Using the quantity of 400, how much profit or loss will they earn?

A: Demand curve is the downward sloping curve.  The firm will produce where the marginal cost is equal…