Search & Filtering
Consider a market where supply and demand are given by Qx s = -16+Px and Qd=92-2Px suppose the gouvernment imposes a price floor of $40, and agrees to purchase any and all units consumers do not buy at the floor price of $40 per unit. determine the cost to the gouvernment of buying firm's unsold units. Compoute the lost social welfare (deadweight loss) that stems from the $40 price floor
Sri Lanka faces severe
hardship in finding foreign exchange to repay debt and payment for important imports. How is current economics situation in Sri lanka
Country’s agriculture seems facing a troublesome path. And So many issues in the economy”.
Write an essay on Sri Lanka’s present economic crisis.
You have been contacted as a policy expert to very briefly, advice government to institute food tax policy based on the following policy objectives:
The government has the policy objective of raising tax revenue on foods?
The government has policy objective of changing the consumption behavior of citizens by taxing food?
You have been contacted as a policy expert to very briefly, advice government to institute food tax policy based on the following policy objectives:
The government has the policy objective of raising tax revenue on foods?
The government has policy objective of changing the consumption behavior of citizens by taxing food?
The utility function for a consumer utility is U=30Q11/2Q21/2 . If the price per unit of Q1 is Kshs 10 and Kshs 5per unit of Q2, determine quantities Q1 and Q2 that the consumer should have to maximize utility if the consumer budgeted Kshs 350
You have been contacted as a policy expert to very briefly, advice government to institute food tax policy based on the following policy objectives:
(a) The government has the policy objective of raising tax revenue on foods? (5 Marks)
(b) The government has policy objective of changing the consumption behavior of citizens by taxing food?
What is the relationship between a firm total revenue, profit, and total cost
Suppose you have GH¢ 5.00. If you use the money to pay electricity bill, you will gain or benefit, in monetary terms, GH¢ 8.00 whiles if you use it to board a taxi you will gain GH¢ 10.00.
(a) What is the opportunity cost for spending the money on transportation (taxi)? (b) What is the opportunity cost for spending the money on electricity bill?
(c) What is the net benefit when
(i) the direct cost is used?
(ii) the opportunity cost is used?
(d) From your results in (cii) which good should you purchase? Explain your answer.
