Economics Answers

discuss the optimal voting rule and its suitability for South Africa

Explain the concept of externalities and discuss one type of externality that may be encountered in an economy

uppose the demand curve is: P = 200 – 2Qd and the supply curve is: P = 40 + 2Qs. If the government imposes a price ceiling at $50, consumer surplus will be

For the next fiscal year, you forecast net income of $50,000 and ending assests of $500,000. Your firm payout ratio is 10%. Your beginning stockholders equity is $300,000 and your beginning total liabilities are $120,000. Your non-debt liabilites such as accounts payable are forecasted to increase by $10,000. Assume your beginning debt is $ 100000. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your​ debt-equity ratio​ constant?

suppose the demand for Frisbees is given by
Q=100-2p
and the supply by
Q=20-6p
a)what will be the equilibrium price and quantities for Frisbees?
b)suppose the government levies a tax of rs:4 per frisbee.Now what will the equilibrium quantity the price consumers will pay & the price firm will receive?
c)how would your answer to part a &b change if the supply were insteadQ=70+P

The storm created shortages of power generators. As a result, those products sold at prices much higher than normal. These high prices provoked cries of “price gouging” and calls on the government to impose price controls to prevent gouging. While no one likes to pay a higher price than normal for something, consider what would have happened with a price ceiling. The economic intuition is revealing. Draw a diagram showing the market for generators with an equilibrium price at $250. Now impose a price ceiling at $200 per generator. What would be the impact of the price ceiling on the quantity demanded? On the quantity supplied? Who would benefit from the price ceiling and who would be harmed? Did the price ceiling help the people it was designed to help? Explain the economic reasoning behind your analysis.

4. The Regional Clear Air Incentives Market (RECLAIM) program is an emissions trading program for nitrogen oxide NOx) and sulfur oxide (SOx) emissions in Southern California. One early trade of these “pollution” permits was valued at $1.27 million for 1,700 tons of NOx. One element of this program is that the quantity of allowable pollution per permits decreases over time. So for example if a permit allows 1000 tons of NOx emissions in 1994, it may only allow 500 tons of emissions in 2004. Carefully describe the factors that would influence the market value of RECLAIM pollution permits over time. Would you ever expect the market value of permits to fall to zero? Why or why not?

QL=-L^3+8L^2+12 then find (a)optimal level of labour employment (b)optimal out put level(c) labour employment at which maximum out put is produced (hint;TPL is maximum at MPL=0)

Find the equilibrium of L and K subject to a given output:

minimize cost: C=40K+20L subject to Q=60LK = 3000

QL=L^3+8L^2+12 then find optimal level of labour employment,optimal out level,maximum out put level&labour employment at which maximum out put is produced.MPL=0