Microeconomics, Student Value Edition Plus MyLab Economics with Pearson eText - Access Card Package (12th Edition)
12th Edition
ISBN: 9780134004983
Author: Michael Parkin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 6.5, Problem 1RQ
To determine
The influence of the imposition of penalty on illegal drug sellers on quantity demanded, supply, price, and the quantity consumed.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
It would be impossible for this economy to produce?
dryers
100
90
C
80
70
A
60
50
D
B
40
30+
20-
10
10 20 30 40 50 60 70 80
OD
C
OA
B
washers
13
Perusahaan IKBP ingin mendirikan usaha restaurant makanan sehat di tawangmangu, dimana didalam perhitungannya ada beberapa biaya yang akan muncul dalam perhitungan usaha ini, diantaraya :
Biaya Tempat Usaha
Biaya Renovasi tempat sendiri senilai Rp 15.000.000,- (kondisi ini muncul jika IKBP memilih untuk tidak menyewa ruko tempat lain)
Biaya Sewa Tempat Senilai Rp 25.000.000,- (kondisi ini muncul jika IKBP memilih untuk menyewa tempat lain)
Di segala kondisi IKBP menganggarkan ada penyusuatan aktiva tetap sebesar 2.5%
Biaya Overhead untuk tempat Usaha dianggarkan Rp 2.000.000,- per bulan
Biaya Tenaga Kerja
Budget gaji karyawannya ada 2 dengan masing-masing gajinya per orang Rp 2.000.000,-/ bulan
Biaya Modal Usaha
Biaya bunga bank karena meminjam di perbankan sebesar 12% setahun (kondisi ini muncul jika ingin meminjam dari bank)
Biaya dari dana talangan pihak Yayasan sebesar 5% (kondisi biaya ini muncul jika tidak ingin memanfaatkan pinjaman dari perbankan)
Biaya dengan meminjam…
A monopolist had the following fixed costs and marginal revenue and costs for each unit of production:
0 units where fixed costs are 10
1 unit where MR = 60 & MC = 20 & FC = 10
2 units where MR = 50 & MC = 30 & FC = 10
3 units where MR = 45 & MC = 38 & FC = 10
4 units where MR = 40 & MC = 40 & FC = 10
How many units should the firm produce and why?
Chapter 6 Solutions
Microeconomics, Student Value Edition Plus MyLab Economics with Pearson eText - Access Card Package (12th Edition)
Ch. 6.1 - Prob. 1RQCh. 6.1 - Prob. 2RQCh. 6.1 - Prob. 3RQCh. 6.1 - Prob. 4RQCh. 6.2 - Prob. 1RQCh. 6.2 - Prob. 2RQCh. 6.2 - Prob. 3RQCh. 6.2 - Prob. 4RQCh. 6.2 - Prob. 5RQCh. 6.3 - How does the elasticity of demand influence the...
Ch. 6.3 - Prob. 2RQCh. 6.3 - Prob. 3RQCh. 6.3 - Prob. 4RQCh. 6.3 - Prob. 5RQCh. 6.4 - Prob. 1RQCh. 6.4 - Prob. 2RQCh. 6.4 - Prob. 3RQCh. 6.4 - Prob. 4RQCh. 6.4 - Prob. 5RQCh. 6.5 - Prob. 1RQCh. 6.5 - Prob. 2RQCh. 6.5 - Prob. 3RQCh. 6.5 - Prob. 4RQCh. 6 - Prob. 1SPACh. 6 - Prob. 2SPACh. 6 - Prob. 3SPACh. 6 - Prob. 4SPACh. 6 - Taxes (Study Plan 6.3) 5.The table in the next...Ch. 6 - Prob. 6SPACh. 6 - Prob. 7SPACh. 6 - Prob. 8SPACh. 6 - Prob. 9APACh. 6 - Prob. 10APACh. 6 - Prob. 11APACh. 6 - Prob. 12APACh. 6 - Prob. 13APACh. 6 - Prob. 14APACh. 6 - Prob. 15APACh. 6 - Prob. 16APACh. 6 - Prob. 17APACh. 6 - Prob. 18APACh. 6 - Prob. 19APACh. 6 - Prob. 20APACh. 6 - Prob. 21APACh. 6 - Prob. 22APACh. 6 - Prob. 23APA
Knowledge Booster
Similar questions
- Respond to this post. Hello Professor, A rise in consumption in the economy would cause an increase in aggregate demand. Therefore, when consumers spend money on everyday goods and services, it not only helps to stimulate economic growth, but it could also present potential issues like unsustainable debt levels or inflation. I believe that it would be beneficial to consider such factors and adopt a purchasing strategy to help navigate the challenges posed by inflation or unsustainable debt levels. First, do you think our business will be affected because inflation is rising? How? Yes, I do believe that the business will be affected because of inflationary pressures. Inflation rising will affect the cost of goods, services, and labor, which could lead to higher operating expenses. The potential reduction of profit margin because of inflation could lead to a smaller percentage of revenue being retained as profit. Therefore, inflation rising will force us to raise prices for…arrow_forwardNot use ai pleasearrow_forwardHshshsheheheharrow_forward
- Recent research indicates potential health benefits associated with coffee consumption, including a potential reduction in the incidence of liver disease. Simultaneously, new technology is being applied to coffee bean harvesting, leading to cost reductions in coffee production. How will these developmentsaffect the demand and supply of coffee? How will the equilibrium price and quantity of coffee change? Use both words and graphs to explain.arrow_forwardRecent research indicates potential health benefits associated with coffee consumption, including a potential reduction in the incidence of liver disease. Simultaneously, new technology is being applied to coffee bean harvesting, leading to cost reductions in coffee production. How will these developmentsaffect the demand and supply of coffee? How will the equilibrium price and quantity of coffee change? Use both words and graphs to explain.arrow_forward► What are the 95% confidence intervals for the intercept and slope in this regression of college grade point average (GPA) on high school GPA? colGPA = 1.39 + .412 hsGPA (.33) (.094)arrow_forward
- G Interpret the following estimated regression equations: wagehr = 0.5+ 2.5exper, where wagehr is the wage, measured in £/hour and exper is years of experience, colGPA = 1.39.412 hsGPA where colGPA is grade point average for a college student, and hsGPA is the grade point average they achieved in high school, cons 124.84 +0.853 inc where cons and inc are annual household consumption and income, both measured in dollars What is (i) the predicted hourly wage for someone with five years of experience? (ii) the predicted grade point average in college for a student whose grade point average in high school was 4.0, (iii) the predicted consumption when household income is $30000? =arrow_forward1. Solving the system of inequalities: I≥3 x+y1 2. Graph y=-2(x+2)(x-3) 3. Please graph the following quadratic inequalities Solve y≤ -1²+2+3arrow_forwardNot use ai pleasearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
Exploring EconomicsEconomicsISBN:9781544336329Author:Robert L. SextonPublisher:SAGE Publications, Inc
Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning