O The quota will better ensure that the sustainable amount of dives will occur. O The tax will only allow wealthy divers to receive the benefit of diving near the reef OThe quota is more efficient than a tax
Q: • An engineer has a talent t in {1,2} with equal probability (prob=1/2), and the value of t is…
A: A Bayesian Nash equilibrium is a concept from game theory that extends the traditional Nash…
Q: Foreign Trade Zones Cajas, Inc, is considering opening a new warehouse to serve the Southwest…
A: Definition: A tariff is a tax on goods and services imported into a country. It is typically used to…
Q: 4) The demand for labor by an industry is given by the curve L = 1200 - 10w, where L is the labor…
A: ***Since the student has posted multiple questions, hence, the expert is required to solve only the…
Q: Using the model of Aggregate Demand and Supply, explain the impact of Brexit on the Irish Economy,…
A: With increased global integration of trade and economic activities, it is more important than ever…
Q: (b) During a nationwide program to immunize the population against a new strain of the flu, public…
A: Answer: Given: Total cost function: Cx=1.85x100-xwhere x is the percentage of susceptible population…
Q: Mike Carlton, financial analyst at MVR Corporation, is examining the behavior of quarterly utility…
A: Total Cost: The term total cost refers to the cost that includes the total variable cost and the…
Q: 7 If the price of Chinese food decreases, there will be an (increase/decrease) in the…
A: Demand is the willingness to buy backed by the purchasing power. The law of demand states that…
Q: 2. Alice maximizes expected utility with an index u(x) √x where x is the total annual income. Her…
A: In certainty equivalence the preference of the consumer is an assured amount rather a higher return…
Q: Critically evaluate why does having relevant industry experience help the founder or founders of a…
A: Economic Growth: It is the financial development of the economy. It can be characterized as the…
Q: Suppose the consumption function in an economy is given by C(Y) = 100+0.6(Y-T), where Y represents…
A: The measure that depicts the relationship between gross national income and consumption level is…
Q: Businesses in the nation of Islandia have been accumulating cash because they have a pessimistic…
A: GDP is the gross domestic product. GDP is the money value of all goods and services produced in an…
Q: Explain the three characteristics of utility.
A: The economics as a study is based upon the idea that all the societies in the world tend to face a…
Q: A 255.
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: dccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccccc…
A: Your question is not visible.
Q: 13. In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to…
A:
Q: Consider the neoclassical growth model. Suppose in the current period a country's saving per worker…
A: The Solow–Swan model, sometimes known as the exogenous growth model, is a long-run economic growth…
Q: Chapter 11 Production and Costs – Units of Total Marginal Product Total Variable ATC AVC MC Labor…
A: The law of diminishing marginal return that when more and more variables factors are added with…
Q: Consider the polar case where the demand curve is perfectly inelastic. Use the line drawing tool to…
A: Perfectly inelastic demand defines the condition when a change in the price of a commodity does not…
Q: An economy with no government is described by the following: • Marginal propensity to consumer = 0.8…
A: An inflationary output gap refers to the macroeconomic concept which measures the difference between…
Q: Insurance Diagram Total Utility E U(W-L) B W-L P(W-L)+(1-p)W Expected If an insurance company…
A: * ANSWER :- By using given data the matching are given below
Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly…
A: Below is the explanation of all four parts and they are as follows-
Q: 14. (continued) What happens to the labor productivity, which is the output per unit of labor, Y/L,…
A:
Q: TIPS FOR READING AN EXCHANGE RATE CHART: Read down the chart.. For example, n column 1 it says the…
A: Foreign exchange rate refers to the rate at which two nations currencies are exchanged . Two types…
Q: A company plans to assign six salesmen to six cities in which it operates. The estimates o sales…
A: Salesman City C1 C2 C3 C4 C5 C6 total S1 42 48 50 38 50 54 282 S2 50 34 38…
Q: Cups of Coffee $6 $5 $4 $3 Demand $2 Osupply $1 $0 Quantity 1. According to the graph above, what is…
A: We have given the demand and supply curve of coffee cups. At a given price, if quantity demand is…
Q: write your answers, as long as they are legible. Most students find that it is easier to hand draw…
A: Answer - Need to find- For final equilibrium point C, why does aggregate output "Pullback" somewhat…
Q: Question Ten firms compete in a market to sell product X. The total sales of all firms selling the…
A: The four-firm concentration ratio alludes to a measure utilized in economics to evaluate the degree…
Q: 5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the…
A: Change in demand occurs due to change in non price factors like expectation of future prices, change…
Q: 1B True or false with explanation
A: Interest rate parity is a no-arbitrage condition representing an equilibrium state under which…
Q: The People's Republic of China has an estimated $101.54 trillion of capital with a depreciation rate…
A: The contribution of capital is 0.4 and it would affect the GDP accordingly. The rise in capital…
Q: 9-1 a and b
A: The given production possibility curve shows that the economy allocates resources in the production…
Q: 82 66 50 38 32 24 16 8 16 22 25 34 41 Q Use the graph above to answer questions #5-7 about the…
A: We only answer one question so we will answer the first one. Please submit a new question specifying…
Q: Assume that the export price of a Toyota Corolla from Osaka, Japan is ¥2,100,000. The exchange rate…
A: The value of one currency in respect to another is known as an exchange rate. It shows the cost…
Q: lacroeconomics LESSON 6 ACTIVITY 42 Monetary Policy now bring together all of the pieces of the…
A: (A) Fed will use expansionary monetary policy to move the economy to full-employment level because…
Q: 1. Explain why the unemployment rate can give a misleading picture of the health of a given…
A: 1. The national unemployment rate is calculated as a proportion of the entire labor force that is…
Q: see in
A: E onomic growth mostly occurs in large economies population.
Q: If the price of good A increases relative to the price of substitutes Rand C the demand for
A: To find : According to scenario what will happen im change of price .
Q: The demand curves for cases of Coke and Pepsi are given respectively by Qc(Pc. Pe) = 200 - 10pc +…
A: Cournot duopoly is an oligopoly form of market where the producers compete in the quantity to be…
2
Step by step
Solved in 2 steps
- Suppose Firm A is the anly producer in some market. You are given information about the market demand and marginal cost for Firm As product Firm A's market demand is given by: Q= 60 - P Firm A's marginal cost is given by: MC = 6+Q A) Calculate the profit-maximizing output for Firm A. B) Calculate the profit-maximizing price for Firm A. Calculate what would have been the socially efficient output level produced in this market.Which of these is a negative production externality? An airline manufacturer must hold up production of a plane at great cost due to delays in its global supply chain. A cereal manufacturer suffers losses due to a drought and unexpected increases in market prices of grains that it uses in its cereals. O Consumers complain to the wrong regulators about price gouging in gasoline markets. A producer of lead for batteries that are used nationwide emits noxious gases in its factory town and local people are getting sick. Thch SaveCommun U ASTRAL15963907 Su Home | Shöreline C E D Multiple Choice O Quantity Refer to the provided supply and demand graph for a product. In the graph, line S is the current supply of this product, while line St is the optimal supply from the society's perspective. One solution to this externality problem is to give consumers a subsidy of the amount FG per unit. tax producers by the amount DE per unit. give producers a subsidy of the amount AB per unit tax consumers by the amount EF per unit Seved Save
- Explain the negative externalities by clarifying the drawingplease answer in text form and in proper format answer with must explanation , calculation for each part and steps clearlyDraw a standard supply and demand diagram for televisions, and indicate the equilibrium price and output. a. Assuming that the production of televisions generates external costs, illustrate the effect of the producers being forced to pay a tax equal to the external costs generated, and indicate the equilibrium output. b. If instead of generating external costs, television production generates external benefits, illustrate the effect of the producers being given a subsidy equal to the external benefits generated, and indicate the equilibrium output.
- Externalities: End of Chapter Problem In Chapter 6, we said that taxes create deadweight losses. When we tax goods with external costs, should we worry about deadweight losses? Why or why not? Any deadweight losses O should not conern us. Deadweight losses are the result of transactions that no longer occur and the problem with negative externalities is that too many transactions occur. O should concern us. If there is a negative externality associated with a good, the deadweight loss from a tax simply exacerbates society's welfare costs. from a tax are counter-productive. Why would we tax goods with negative externalities when the remedy for a negative externality is a subsidy? should concern us. Deadweight losses sound bad because they are bad; we should always avoid deadweight losses.Which of the following is likely to generate a negative externality? O Planting a tree O Working for long hours O Consuming vegetarian food O Smoking a cigaretteI'm struggling with this question, I have an understanding of what negative externalities are, but I'm not sure how they are handled. Some help would be much appreciated!
- The table below shows the demand for pollution permits to emit hydrocarbons in a particular industrial park. Each permit allows the owner to release one tonne of pollutants into the atmosphere. Price perPollution Permit Quantity of Permits $4,500 75 4,000 150 3,500 225 3,000 300 2,500 375 2,000 450 1,500 525 a. If no fee for a pollution permit were charged, how many tonnes of pollutants would be discharged into the atmosphere, assuming a straight-line demand curve? Quantity: tonnesb. Suppose government were to set a fee of $3,500 per pollution permit. How many tonnes of pollutants would now be dumped? What is the total revenue received by government? Quantity: tonnes Total revenue: $ c. Suppose that a new technology allows for a significant reduction in hydrocarbons at a relatively low cost so that the demand for pollution permits in the industrial park drops by 150 tonnes. Assuming that government holds the permit fee at $3,500, how many tonnes of…The market for plasticans is perfectly competitive. Market Supply is givenby Q=3P and Market Demand is given by Q=321-2P. Each extra unit ofplastican produced imposes a negative externality of $7. What is the(absolute value of) Deadweight Loss due to the externality?V1