Many highways have designated car pool or highoccupancy lanes. Generally, only cars containing at least two people can use these lanes. Single drivers are fined heavily if they are caught using these lanes. With new technologies, it is possible to charge drivers using car pool lanes by recording identifying markings on the car and billing the owners. Would allowing single drivers to pay to use car pool lanes increase economic efficiency? Explain.

Suppose a monopolist sells a product to faculty members and students on the campus.  If the firm sets a single price, the monopolist produces 5000 units and sell them at the price of $3 per unit.  At this price, the price elasticity of demand for faculty member is -2.5. And the price elasticity of demand for students is -1.5.  The monopolist is considering whether she should set different prices for the faculty members and students and asks for your advice.  The monopolist is thinking about charging faculty members a 10% higher price.  The quantity demanded by the faculty members would fall by  %. The monopolist is thinking about charging students a 10% higher price.  The quantity demanded by the students would fall by  %. Who should the monopolist charge more? mention faculty and students and how much

Identify the initial equilibrium price and quantity of the drug per day. Suppose the government imposes a price control at $1.50 a dose. How many doses are purchased after the price control is imposed?

A natural monopoly packages Alaskan moss, a unique health product that has no substitutes. The graph illustrates the demand curve for this health product. Price and cost (cents per bag) Q Q 50- D 7 Quantity (thousands of bags per year) >>> Draw only the objects specified in the question Draw the monopoly's marginal revenue curve and label it. If the marginal cost is 30 cents a bag, draw the monopoly's marginal cost curve and label it. Draw a point at the monopoly's profit-maximizing quantity and price How many bags a year does the monopoly sell and what is the price of a bag? The monopoly sells bags a year and the price is cents a bag. >>> Remember that the quantity given on the axis is in thousands of bags.

Help me please

The graph below depicts the daily demand and supply for parking spaces. The demand curve is downward sloping as usual, but the supply curve is vertical because there are a fixed number of spaces available at any given time. If the university does not charge a price to park by the hour, the problem this causes is a ______. To resolve this problem the university could charge $ _______ per hour to park. Part 2. The diagram below is a more realistic depiction of the market for parking spaces at another university. Rather than a single demand curve, there are two demands depending on the time of day. Peak demand, Dpeak, occurs between 9am and 3pm, and off peak demand, Doffp, occurs the rest of the day. Suppose the university want to add enough spaces to eliminate the shortage. How many additional spaces would the university need to add? ______ spaces Part 3. Suppose the university does not have enough funds to provide any more spaces. In order to eliminate parking congestion,…

Price control means

Do you think that electronic cigarettes should be taxed and regulated like conventional cigarettes? Explain.

What problems does underforecasting demand create?

Why does OSHA face a daunting task in regulating workplace safety? (Just describe one reason)