Analyze the social costs of alcohol consumption

Q: n place on the following graph corresponds to a particular buyer in this market: orange (square…

A: A surplus depicts how much a resource or asset that surpasses the piece that is effectively used. A…

Q: What is meant by accomodating items?

A: We know well that in autonomous transactions there occur deficits or surplus which are to be covered…

Q: Economics What are two positive and negative externalities that would affect an online subscription…

A: The word "externality" is derived from the Latin word "externus," which means "outside" or…

Q: Does our campaign illustrate the full range of appropriate usage situations for the product?

A: Yes, the campaign illustrates the full range of appropriate usage situations for the product. This…

Q: Contrast similarities and differences between the two classification for goods and services

A: A market is a place or environment where buyers and sellers come together to exchange goods and…

Q: How does the government intervene on the market?

A: There are three types of economic structure which are command or socialist economy, capitalist…

Q: What public policy approach would be most reasonable to protect consumers from harmful products? How…

A: Case summary- A  great responsibility is carried by manufacturers in producing goods that do not…

Q: Refer to the three demand curves for coffee and assume that coffee is a normal good. Which of the…

A: The demand curve shifts due to the change in the factors other than price. If the price of the good…

Q: Network externalities are important for a. gas stations. b. AARP, an organization that advocates for…

A: Network externality refers to the positive or negative impact that society experiences from the…

Q: Consider a monopolist facing an inverse demand of P=30-29 and possesing a total cost function of…

A: As given Inverse demand curve P = 30 -2q And Total cost function C(q) =2q The profit maximizing…

Q: does poverty have an effect on juvenile deliquency?

A: Yes, poverty has an effect on juvenile delinquency. Poverty is a major repeating factor of juvenile…

Q: What happens in the steady state to the capital-labor ratio, output per worker, and consumption per…

A: The productivity falls, it means now less capital will be available per workers. The low capital…

Q: How to regulate price increases in agricultural products especially during special occasions?

A: Agricultural product price is cyclical in nature and determined by the last year price or demand and…

Q: What are your three choices for reducing the amount of time spent waiting in traffic? What…

A: as an rational consumer or human beings the use of resources we should prefer in efficient and…

Q: When would a buyer purchase an imitation meat

A: Meat consumption has several negative influences on the economy. It results in greenhouse emissions…

Q: Pepsi and coke are Substitute or compliment good?

A: The goods which can be used in place of one another to fulfill the needs of a consumer are termed as…

Q: How is the increase in post-secondary education (e.g. positive externality) going to effect consumer…

A: Education is the elementary right of every human being. It improves the capacity to locate and…

Q: What are the consequences of reduced publicfunding?

A: Public funds are collected through the public by means of taxes, interests, fees, etc. These funds…

Q: How can our customers influence us?

A: A customer refers to any person who buys a good or service from a business. Any business is based on…

Q: Which of the following best describes why the Hours of Service Regulations were put into place? O To…

A: The driver test is important to ensure the safety of peope with having the all relevant information.…

Q: Describe how need and want affect goods and services

A: Explanation: Goods are commodities that are generally (but not necessarily) tangible, such as pens,…

Q: A change in the price of gasoline will cause ?

A: Gasoline is one of the most widely used resources that can be used for production as well as…

Q: How will the government alter the demand for or supply of computer chips to solve the problem

A: The supply of computer chips may be increased if the government gave manufacturers of computer chips…

Q: Relates to how the customer views the ability of theproduct to meet his/her objectives.

A: Customer is the decider of product rating in modern era of consumerism

Q: Suppose there are only two firms that sell smartphones, Flashfone and Pictech. The payoff matrix…

A: Given; 1) If Flashfone prices high, Pictech will make more profit if it chooses a low price.…

Q: How market equilibrium is found with Pollution Abatement Subsidy? Also draw graph and interpret it.

A: Pollution abatement subsidy refers to the subsidy given on those inputs of production which leads to…

Q: Define Encouraging or discouraging consumption

A: Encouraging consumption can be defined as boosting the consumption or demand of the consumers by…

Q: How supplier affect the supply of goods to the public market?

A: At the marketplace, suppliers are the market participants who provided goods and services to…

Q: Comment on the effectiveness of higher fuel prices as a means of reducing car use

A: A complimentary item or service is used in combination with another. When consumed alone, the…

Q: T/F There is a direct relationship between the price of a product and it's supply.

A: When all other circumstances are held constant, supply is the quantity of an item or service that…