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c. At the new equilibrium (post income subsidy) which side (consume, producer) is more inelastic? (show...
question 1. A and B answered already c. What is the new equilibrium point? Show the...
question 1. A and B answered already
c. What is the new equilibrium point? Show the government revenue graphically? d. Label the portion of tax that buyer pays and the portion that seller pays? e. What is the price the sellers receive? II. Short Answers (10 Points): 1. (5 Points) Using the equations shown below, answer the following questions with a carefully labelled graph (without calculations). QD a-bP; Qs =c + dP a. Draw demand and supply curves, and show...
QUESTION 47 Which of the following is a reason why most economists prefer a wage subsidy...
QUESTION 47 Which of the following is a reason why most economists prefer a wage subsidy to a minimum wage? C ) A. A wage subsidy decreases low-skilled employment while a minimum wage increases it. accumulation of human capital. O C. A wage subsidy helps businesses while a minimum wage helps workers. ()D A wage subsidy does not require more government spending while a minimum wage requires moregovernment spending. QUESTION 48 The government places rent controls on apartments, pushing the...
5. Consider a market in which demand and supply have the following functional forms: The free-market...
5. Consider a market in which demand and supply have the following functional forms: The free-market equilibrium is at P = $24 and Q = 12. Qd = 24-1/2PB and Qs = -12+PS a. Graph the free market equilibrium in the space below. Label the curves and show the values of ALL intercepts (show your work to find them). b. Now suppose that the Government decides to impose a $6 per-unit subsidy in this market. Calculate the price paid by...
5. Consider a market in which demand and supply have the following functional forms: The free-market...
5. Consider a market in which demand and supply have the following functional forms: The free-market equilibrium is at P = $24 and Q = 12. Qd = 24-1/2PB and Qs = -12+PS a. Graph the free market equilibrium in the space below. Label the curves and show the values of ALL intercepts (show your work to find them). b. Now suppose that the Government decides to impose a $6 per-unit subsidy in this market. Calculate the price paid by...
If we model a tax on the demand side, then the equilibrium price we reach will...
If we model a tax on the demand side, then the equilibrium price we reach will be higher than if we model the tax on suppliers. True False When we model a tax, the new equilibrium price represents the price paid by the buyers the revenue raised from the tax O the price the sellers keep O the amount of the tax Question 39 (1 point) Which of the following is not an appropriate way to model a tax? shifting...
Justify your answer using standard partial equilibrium analysis. It is sufficient to show by graphs, but...
Justify your answer using standard partial equilibrium analysis. It is sufficient to show by graphs, but provide logical reasoning. 1. Analyze the effects of entry of a new firm. More precisely imagine there are I consumers and J producers. Assume all these are price takers. Now suppose one more producer enters into the market. What happens to (a) Supply and demand curve (b) Equilibrium price (c) Surplus of incumbent firms d) Consumer surplus (e) Total surplus
Exp 7_C Post-Lab Chemical Equilibrium (10 pts/show all work) Determine if the following salts will be...
Exp 7_C Post-Lab Chemical Equilibrium (10 pts/show all work) Determine if the following salts will be acidic, basic, or neutral. For each salt show the 1. balanced equation for ionization in H20 and Example: NaNO2(aq)> Na (aq)+ NO2 (aq) 2. how the ion products form which determine pH by producing OH or H30 Example: NO2(aq) +H20(1) <>HNO2(aq)+ OH (aq) If the salt is neutral give a brief explanation. a) LiF b) BaBr2 c) NHa d) CaSO3 ?) ???.
10.) An economy has a marginal propensity to consume and Y* , income-expenditure equilibrium GDP,...
10.) An economy has a marginal propensity to consume and Y* , income-expenditure equilibrium GDP, equals $500 billion. Given an autonomous increase in plannėd investment of $10 billion, show the rounds of increased spending that take place by completing the accompanying table. The first and second rows are filled in for you. In the first row the increase of planned investment spending of $10 billion raises real GDP and YD by $10 billion, leading to an increase in consumer spending...
which side is more stable and why? 3.10 Determine the position of equilibrium for each acid-base...
which side is more stable and why?
3.10 Determine the position of equilibrium for each acid-base reaction below: (a) no-H + OH = 10 + HOH
Question 12 Retirement savings allows retirees to consume more of their disposable income because Selected Answer:...
Question 12 Retirement savings allows retirees to consume more of their disposable income because Selected Answer: b. they have a better work ethic than the young. Answers: a. they have better credit histories than the young. b. they have a better work ethic than the young. C. they do not have debt. d. they can withdraw from their retirement savings accounts.
question 1. A and B answered already
c. What is the new equilibrium point? Show the government revenue graphically? d. Label the portion of tax that buyer pays and the portion that seller pays? e. What is the price the sellers receive? II. Short Answers (10 Points): 1. (5 Points) Using the equations shown below, answer the following questions with a carefully labelled graph (without calculations). QD a-bP; Qs =c + dP a. Draw demand and supply curves, and show...
If we model a tax on the demand side, then the equilibrium price we reach will be higher than if we model the tax on suppliers. True False When we model a tax, the new equilibrium price represents the price paid by the buyers the revenue raised from the tax O the price the sellers keep O the amount of the tax Question 39 (1 point) Which of the following is not an appropriate way to model a tax? shifting...
Exp 7_C Post-Lab Chemical Equilibrium (10 pts/show all work) Determine if the following salts will be acidic, basic, or neutral. For each salt show the 1. balanced equation for ionization in H20 and Example: NaNO2(aq)> Na (aq)+ NO2 (aq) 2. how the ion products form which determine pH by producing OH or H30 Example: NO2(aq) +H20(1) <>HNO2(aq)+ OH (aq) If the salt is neutral give a brief explanation. a) LiF b) BaBr2 c) NHa d) CaSO3 ?) ???.
10.) An economy has a marginal propensity to consume and Y* , income-expenditure equilibrium GDP, equals $500 billion. Given an autonomous increase in plannėd investment of $10 billion, show the rounds of increased spending that take place by completing the accompanying table. The first and second rows are filled in for you. In the first row the increase of planned investment spending of $10 billion raises real GDP and YD by $10 billion, leading to an increase in consumer spending...
which side is more stable and why?
3.10 Determine the position of equilibrium for each acid-base reaction below: (a) no-H + OH = 10 + HOH
Question 12 Retirement savings allows retirees to consume more of their disposable income because Selected Answer: b. they have a better work ethic than the young. Answers: a. they have better credit histories than the young. b. they have a better work ethic than the young. C. they do not have debt. d. they can withdraw from their retirement savings accounts.
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