How did the COVID-19 pandemic impact the meal delivery industry and Blue Apron's ability tocompete? (5 Marks)

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Incorrect Question 19 Which one of the following statements is false? The Clean Air Act sets pollution levels based on cost-benefit analysis. O Cost benefit analyses indicate that the Clean Air Act has produced significant net benefits. O The Clean Water Act uses technology-based pollution regulations. O The U.S. permit program for sulfur dioxide emissions is generally considered to be a successful program. The main problem with the European Union's carbon trading system has been price volatility.
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Supply and Demand: End of Chapter Problems 9. Adjust each graph to show the indicated change. In each graph, click on the line or its midpoint to see the options. a. An increase in quantity demanded b. A decrease in demand Quantity Question Source: Chiang 4e- Economics Princidles FoHA Changing World Publisher: Worth 11:06 PI 65°F 10/13/20 Price
(a) A magician recorded his magic show and broadcast it freely in internet. How would you classify the show with reference to rivalrous and excludability? (b) There are two online magic show enthusiasts, A and B in the market. Their demand functions are QA = 5 – 0.25PA and QB = 15 – 0.5PB respectively. Explain the method to obtain the market demand function for magic show which are freely available online. (c) Draw the marginal social benefit curve for online magic show. (d) If a magician produces magic show and broadcast online to both individuals at a constant marginal cost of $20, what is the market equilibrium quantity and price of online magic shows?
O Completed 20 out of 20 All of these will lead to market failure EXCEPT if the good O is a public good. creates externalities. is a private good. O is a common property resource. LAPTOP LOGIN USERNAME: stude cer PASSWORD: Brow.
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(Screening Problem) A monopolist decides both the price p and the quality q of the product he sells. Each buyer buys exactly one unit, but buyers vary in terms of their preferences for quality. There are two types of buyers: high-type with utility functions UH (q, t) = 2/q-p and low-type with utility function U (q, t) = vq – p. Let the probability of drawing a high-type buyer is 0.2. The cost of production for quality level q is just q (i.e., c(q) = q). The monopolist attempts to maximize his revenue by offering a menu of contracts {(qL, PL), (qH, PH)}. Find the optimal screening contract for the monopolist. %3D
Which 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
A, b and c
It may be helpful if you illustrated your own graphs on a piece of paper to help you answer this question. Please provide your answers to this question directly below in the space provided. Please number your answers according to the corresponding letter of each question. Qd Qs Price (Gas) (Gas) $.075 65 $1.50 60 15 $2.25 55 25 $3.00 50 35 $3.75 45 45 $4.50 40 55 $5.25 35 65 a. Using the information above, briefly describe how you would illustrate equilibrium? In other words how would you draw the equilibrium market for gas. b. Briefly describe the changes to supply and demand as a result of the government's decision to eliminate excise taxes imposed on gas production that pay for highway maintenance and environmental conservation, while simultaneously, in the market for electric vehicles, the price of electric vehicles significantly declines. Assume the effect due to the price of electric icles is greater. c. As a resut of the elimination of excise taxes only, the Qd of gas and Qs of…
DN1(a) Amtrak has a monopoly on rail travel in the U.S. It uses price discrimination to offer a discounted price for adults who are currently enrolled students. The marginal cost per train ticket from Baltimore to New York is 100. The demand for regular tickets is P=1000-5Q and the demand for student tickets is P-500-Q. (a) Why would a monopolist like Amtrak offers a discounted price for adult students rather than charging them the same price as other adults?

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How did the COVID-19 pandemic impact the meal delivery industry and Blue Apron's ability to compete? (5 Marks)