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- (a) Jill's Demand $8 Jill's demand. 10 Quantity 15 (b) Joe's Demand O A. The construction of market demand for an excludable good. O B. The construction of market demand for a private good. O C. The construction of market demand for a public good. O D. The construction of market demand for a rival good. $10 Refer to the graphs above. What procedure does this series of graphs show? :10 Joe's demand Quantity 15 (c) Market Demand $18 Market demand 10 Quantity 152. MATCH UP: REGULATORY AGENCIES: 1) Ministry of Health of the Russian Federation 2) Federal Antimonopoly Service (FAS of Russia) 3) Federal Service for Surveillance in Healthcare (Roszdravnadzor) FUNCTIONAL AREA of PRICING REGULATION: a) Approval of the list of vital and essential medicinal products; b) economic analysis of the manufacturers' maximum ex-works prices for the medicinal products included in the list of vital and the essential medicinal products; c) registration and re-registration of the manufacturers' maximum ex- works prices for the medicinal products included in the list of vital and the essential medicinal products (taking into account the FAS decision); d) making a decision on coordination of the maximum ex-works prices (or on refusal in its coordination), sending it to the Ministry of Health of Russia; e) maintenance of the state register of the manufacturers' maximum ex- works prices for the medicinal products included in the list of vital and the essential…Mr permise states I do not understand why anyone would suggest the use of taxes or regulations in pollution problems. Taxes are unfair and regulations are costly and inefficient. The best approach is to trust the market. Firms will control their emissons because it is cost effective for them to do so. The only policy they may need to applied is the use of market permits. Thismarket would function completely and permit prices would clearly represent all revlevant costs Discuss this statement
- Suppose that the quantity demanded of good X rises from 90 units to 110 units when its orice falls from $1.20 to 00 cents per unit long the are-elembory a demand/mid-point method, the own- price elasticity (absolute value only) of demand for this product is Select one a. 1 b. 4 c 0.75 Od 0.5 e21. interpret and explain, diagram of effect of airline regulation by the civil aeronautic board indicate the effect the regulation will have on airline sales output and profit and also wht consumer are lossing or gaining in the process14-If a paper mill shuts down its operations for three months so that it produces nothing, its __________________ will be reduced to zero Group of answer choices variable costs fixed costs opportunity costs total cost
- Question Completion Status: 360 370 Quantity Produced 0 1 2 QUESTION 5 3 4 45 D 5 60 380 390 400 410 420 5 16 C 7 8 b. $565 c. $1000 d. $435 Total Cost $100 $140 $184 $230 $280 $335 $395 $475 $575 8C Table 15-21 Tommy's Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy's is able to engage in perfect price discrimination. COSTS REVENUES Marginal Cost 0 1 2 3 4 5 90 440 Quantity Demanded 6 7 10 110 8 450 46 47 48 49 50 120 130 140 150 160 170 180 190 Price $170 $160 $150 $140 $130 $120 $110 $100 $95 20 Total Marginal Revenue Revenue 210 226 Refer to Table 15-21. If the monopolist can engage in perfect price discrimination, what is total profit at the profit-maximizing quantity? a. $325 26(8) a.) (4) The United States Postal Service (USPS) charged $0.58 per stamp in 2022. They allow stamps.com to sell a sheet of twenty stamps with personalized photos for $1.20 per stamp. Stamps.com keeps the extra beyond the $0.58 it pays the USPS. If stamps.com is acting as a profit maximizing monopolist, what is their Lerner Index and what is the price elasticity of demand for a customized stamp? b.) (4) Suppose a movie theater determines that the elasticity of demand for movie tickets is -2.0 for senior citizens and –1.5 for adults under age 65, and the marginal cost is $4 per consumer. Use the Lerner index to determine the price senior citizens should be charged and the price adults under age 65 should be charged in order to maximize profits.possible Submit c The figure on the right shows the costs and benefits associated with wood pulp production. Without regulation the market will produce a price of Price (dollars per ton) tons of wood pulp at per ton. 1,100 MSC O A. 5; $700 1,000 O B. 3; $600 900 O C. 5; $1,100 800 O D. 3; $900 S=MC O E. 4; $900 700 600 D=MB 500 2 4. 4 Quantity (tons per week) Next
- Quantity Marginal of Total Cost of Pollution Cost Reduction Reduction 1 20 20 50 30 3 110 60 200 90 5 380 180 6 660 280 Use the cost information from the table for a firm creates pollution. If there is a pollution charge of $45 per unit, how much will the firm reduce its pollution? O 1 4 3.Figure 1 24 22 18 16 6 0 Price 120 160 Social cost (private cost and external cost) O C. O d. $40. $240. Supply (private cost) Refer to Figure 1. An increase in output from 120 units to 160 units would -Demand (private value) a. increase total economic well-being. O b. decrease the external cost per unit of output. O c move the market from a socially efficient outcome to a socially inefficient outcome. O d. increase the price of the good from $18 to $24. Refer to Figure 1. The NET BENEFIT (defined as the benefit= bystanders - DWL) from reducing the quantity to 120 units from 160 units is equal O a. $0. There can be no benefit from reducing quantity, only loss in surplus. O b. $120. QuantityWhich are the two key ’problems’ encountered in aggregating on the consumer side, and why it not occurs on the producer side ? Pls short answer in 15-20 Sentences