A policy that increases total economic surplus but makes one person less well-off may not be economically efficient but improves equity may be economically efficient but violates the Pareto criterion may be economically efficient but reduces equity may not be economically efficient but satisfies the Pareto criterion
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“may be economically efficient but reduces equity” is wrong, so what is the answer to this question?
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- Define positive and negative discounting and give examples of eachConsider the market for a bond which has a face value of $2,000, pays a coupon of $100, and matures in 1 year (that is, you will get the face value and one coupon payment next year). Suppose the orignal demand for such bonds is given by P=4,000-2Q, and that the supply of such bonds is given by P=1,000+Q. Keeping this supply curve fixed, suppose the demand curve next year will be given by P=3,400-2Q. What would be my rate of return if I bought the bond at the equilibrium price today and sold it at the equilibrium price tomorrow? 5% -.05% 10% -5%OA company has introduced a new product which is sold through an electronics retailer. The retailer has estimated that demand will depend on the final price (p) according to the demand curve: D=2,000,000−2000p. The production cost is $101 per product. a.What wholesale price should OA charge? At this wholesale price, what retail price should the retailer set? b.What are the profits for OA and retailer at equilibrium? c.If OA decides to discount the wholesale price by $32, how much of a discount should the retailer offer to customers if it wants to maximize its own profit? What are the changes in profitsof OA and retailer?
- 1) John is operating an internation business in the United Stateds of American and is focused on the limitation or short-term impact of an issue. It can be said that John has a ............. 2) The grestest good for the greatest number of persons is known as the ............... approach. 3) this theorgy states that a country's wealth was deternmined by the amount of its gold and silver holding. It is ...........?Please Help with the followingRandall owns a small bakery. During his first few months in business, he charged $4 for each specialty cupcake, averaging sales of about 200 cupcakes each week. When Randall dropped the price one month to $3 each, he sold nearly 500 each week. These results are consistent with the economic concept of demand. True or False True False
- A therapist agrees to purchase a tract of land from her patient. Which of the following is true? O Because the therapist has a fiduciary relationship with her patient, there is a presumption of undue influence that must be overcome. None of the alternatives are correct There is no difference between their contract and any other contract. Because the therapist has a fiduciary relationship with her patient. there is a presumption of duress.Please help!! Barbara is an economist researcher and commentator. The Eco Books Ltd offers her $13,000 for writing a book about economics principles. Barbara has never written a book about economics principles, but accepts the offer and writes the economics book called 'Principles of Economics'. She assigns the book's copyright for $13,400 to The Eco Books Ltd. The book is published and she is paid. She also sells the book's manuscript to the Eco Books Ltd's library for $4,350 plus several interview manuscripts she has collected while writing the economics book for which she receives $3,200. Discuss each of the above payments to Barbara separately and states if these are income from Barbara's personal exertion. Would your answer differ if Barbara wrote the Principles of Economics' book before signing a contract with The Eco Books Ltd in her spare time and only decided to sell it later? Support your answer by referring to relevant statutory and case law.Assume the manager is located at point B in the diagram above, and he is charging a price ofPo. What does the demand for the firm's goods look like if the managemnt anticipates thatrivals would not match price reductions but will match price rise instead of price decrease?
- Consider two companies (A and B) which produce good A and good B respectively. To produce A, one needs capital and labor. To produce B, one also needs capital and labor; however, the supply elasticity of capital is lower for good B than it is for good A. In other words, as interest rates change, people are less likely to invest in good B than in good A. Holding all else constant, which good will have a higher elasticity of labor demand (in absolute value) and why?Walmart can be viewed as a first mover. Now suppose both Walmart and HEB are considering whether and how to enter a potential market. Market demand is given by the inverse demand function p= 900−q1−q2, where p is the market price margin, q1 is the quantity sold by Walmart and q2is the quantity sold by HEB. To enter the market, a retailer must build a store. Two types of stores can be built: Small and Large. A Small pantry store requires an investment of $50,000, and it allows the retailer to sell as many as 100 units of the goods at zero marginal cost. Alternatively, the retailer can pay $175,000 to construct a Large full-service supermarket that will allow it to sell any number of units at zero marginal cost. *Assume Walmart has built a Large full-service supermarket there (i.e.Walmartchooses to build a large full-service supermarketL1at the first stage). Calculate HEB’s profit for the following cases: a.) HEB chooses not to enter N′′ at the second stage after viewing Walmart’s…Walmart can be viewed as a first mover. Now suppose both Walmart and HEB are considering whether and how to enter a potential market. Market demand is given by the inverse demand function p= 900−q1−q2, where p is the market price margin, q1 is the quantity sold by Walmart and q2is the quantity sold by HEB. To enter the market, a retailer must build a store. Two types of stores can be built: Small and Large. A Small pantry store requires an investment of $50,000, and it allows the retailer to sell as many as 100 units of the goods at zero marginal cost. Alternatively, the retailer can pay $175,000 to construct a Large full-service supermarket that will allow it to sell any number of units at zero marginal cost. Assume Walmart stays out of the potential market (i.e.Walmart chooses not to enterN1at the first stage,q1= 0). Calculate HEB’s profit for the following cases: a.) HEB chooses not to enter N at the second stage after viewing Walmart’schoice. b.) HEB chooses to build a small…