The alternative to the Uber pricing model is the taxi pricing model where a government commission set a flat price per ride (think of it like a price ceiling). Suppose that a local government is considering forcing Uber to charge the same rate as taxi companies. The goal this week is to use what we learned about welfare to advice the government on this policy. Individually complete an initial draft of analysis about the policy. Remember to focus on the positive aspect and not the normative. If you want to use a graph of supply and demand to illustrate your argument, something simple, like linear, is fine.

In economics, cultural norms are a given-not a factor that can be critiqued and changed for economic reasons. True Click or tap "True" or "False" to answer the question. False

What can be used to determine if a choice is worth the cost?         cost-benefit analysis         choice-benefit analysis         risk-benefit analysis         trade-benefit analysis

Hello, I am not understanding this practice problem. There isnt no figure missing.

Suppose buyers are affected when a new tax on soda is introduced to curb obesity. What action do the sellers take when there is a reduction in the soda tax? Demonstrate the change in the graph below by shifting the appropriate curve.

An economist predicts that, all else equal, a rise in consumer incomes will increase the demand for Uber rides. This prediction assumes that   Question 21 options:   A)  there are many services that are substitutes for Uber Rides   B)  Uber rides are inferior goods.   C)  there are many goods that are complementary to Uber Rides   D)  Uber rides are normal goods.

According to Trentmann, the grand critiques of consumerism as stupefying, dehumanizing, or alienating have had their wings clipped by recognition of How products and fashions can provide identities. How products and fashions can provide pleasure. How products and fashions can provide fodder for entirely new cultural styles. All of the above.

An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is beneficial, it is called a externality. The following graph shows the demand and supply curves for a good with this type of externality. The dashed drop lines on the graph reflect the market equilibrium price and quantity for this good. Adjust one or both of the curves to reflect the presence of the externality. If the social cost of producing the good is not equal to the private cost, then you should drag the supply curve to reflect the social costs of producing the good; similarly, if the social value of producing the good is not equal to the private value, then you should drag the demand curve to reflect the social value of consuming the good. (?) PRICE (Dollars per unit) QUANTITY (Units) Supply Demand ¦ þ Demand Supply

There are only two people in the market - Amber and Zoe. Amber’s Marginal Willingness to Pay (MWTP) for the Qth bit of the good is given by MWTP=383-2*Q. Zoe’s Marginal Willingness to Pay (MWTP) for the Qth bit of the good is given by MWTP=51-3*Q. Based on this information, what is the market MWTP for the 32th bit of the good? Enter a number only.

An example of an incentive that can directly reduce the number of vehicles driven is: A) lower insurance premiums for people who do not use their car frequently. B) an education program that tells people how their driving affects air quality. C) a carbon tax. D) an annual ownership fee.