Questions
1. how does the concept of consumer surplus and producer surplus relate to market failure from...

1. how does the concept of consumer surplus and producer surplus relate to market failure from an economic perspectice? How do demand-side failures and supply-side failures result in equilibrium points that are not optimal for society?
2. During week 2, the quantity demanded of hot dog buns at a price of $1.20 increased from 100 units in week 1 to 120 units during the week 2 when hot dogs sold at $1.89 rather than $2.29. The next time hot dogs went on sale, the price of buns increased to $1.40 and 110 buns were sold. Was this a good business decision? why or why not?
3. does positive externalities or negative externalities result in equilibrium quantity higher than optimal social quantity of a good?

In: Economics

As the U.S. grapples with a growing list of transportation infrastructure needs and limited public funds,...

As the U.S. grapples with a growing list of transportation infrastructure needs and limited public funds, more states are looking to public-private partnerships as a means of fixing and replacing aging bridges, tunnels and roads. Should the private sector help rebuild American infrastructure? Is there a downside for taxpayers?​ what would be the engineer's opinion?

In: Economics

Discuss the assertion that the underdevelopment of developing countries is self-afflicted,with minimum of five references

  1. Discuss the assertion that the underdevelopment of developing countries is self-afflicted,with minimum of five references

In: Economics

A new production system for a factory is to be purchased and installed for $177,896. This...

A new production system for a factory is to be purchased and installed for $177,896. This system will save approximately 300,000 kWh of electric power each year for a 6-year period. Assume the cost of electricity is $0.10 per kWh, and factory MARR is 15% per year, and the salvage value of the system will be $9,551 at year 6. Using the AW method to analyzes if this investment is economically justified

A- calculate the AW of the above investment and insert the result below.

In: Economics

Explain why this statement is false: Since there are many hotels and many hotel customers in...

Explain why this statement is false: Since there are many hotels and many hotel customers in San Francisco, it is definitely appropriate to use the supply and demand model to analyze the market for hotel rooms in San Francisco. [Hint: Under what circumstances is the supply and demand model appropriate?]

In: Economics

There are some 200 economic integration agreements in effect around the world already, far more than...

There are some 200 economic integration agreements in effect around the world already, far more than even a few years ago. Virtually every country is now party to one or more free trade agreements. Differentiate among the five levels of economic and political integration for regional trading blocs. Why do certain regional integration agreements, like the South Asian Association for Regional Cooperation, fail?

In: Economics

Identify each of the following acts as representing either saving or investment and explain why. a....

Identify each of the following acts as representing either saving or investment and explain why.

a. Fred uses some of his income to buy government bonds.

b. Julie takes some of her income and buys mutual funds.

c. Alex purchases a new truck for his delivery business using borrowed funds.

d. Elaine uses some of her income to buy stock in a major corporation.

e. Henrietta hires a builder to construct a new building for her bicycle shop.

In: Economics

Your boss asks you to do fundamental analysis of a corporation. What value is she asking...

Your boss asks you to do fundamental analysis of a corporation. What value is she asking for and how would you estimate this value?

In: Economics

Can you be fired/disciplined if you refuse to go to work? (The actual question here was:...

Can you be fired/disciplined if you refuse to go to work? (The actual question here was: What if there is no legitimate reason not to come to work, but an employee still refuses to show up. Could this result in discipline? Also, it is not clear, but I assume the employee is not showing up because of fears related to COVID-19.)

Based on the lawyers' answers to these questions, do you think there is sufficient legal protection for employees who may not want to show up for work due to COVID-19 fears? Explain.

In: Economics

1. What is NAFTA and when was it formed? 2. What is the real reasons that...

1. What is NAFTA and when was it formed?

2. What is the real reasons that NAFTA was formed and tell me 2-3 positives and negatives that are the result of NAFTA?

3. What stage of integration is NAFTA and where do you think it will be by 2025?

4. How is USMCA different from NAFTA?

In: Economics

how is (was) productivity measured in your organization? Discuss the concepts of total production, average production,...

how is (was) productivity measured in your organization? Discuss the concepts of total production, average production, and marginal production. Relate production to cost and discuss how the ideas of total cost, average cost, and marginal cost are used in decision making.

In: Economics

Why is there a sluggish housing market in 2011?

Why is there a sluggish housing market in 2011?

In: Economics

describe the resemblance of new market and the comparison to children behavior as it relates to...

describe the resemblance of new market and the comparison to children behavior as it relates to borrowing

In: Economics

A dairy farm faces a perfectly competitive market. It sells milk at $6 per liter. Complete...

A dairy farm faces a perfectly competitive market. It sells milk at $6 per liter. Complete the table below to answer the following questions.

Quantity of output (liter)

Total revenue

Marginal revenue

Total cost

Marginal cost

ATC

VC

AVC

0

3

1

5

2

8

3

12

4

17

5

23

6

30

7

38

8

47

a) Find the quantity of output that maximizes the profit for the firm. Also calculate the profit at that level.

b) Find out the break-even quantity for the firm.

c) Find out the shutdown point for the firm.

In: Economics

“Contrary to the view of Keynesians, Milton Friedman argued that the demand for money was stable...

“Contrary to the view of Keynesians, Milton Friedman argued that the demand for money was stable and also maintained that the interest elasticity of money demand was certainly not infinite.” Elaborate

In: Economics