What is the government business global problem set?, economics homework help

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Module 6 Problem Sets Name: Brittany If a policy change causes a Pareto improvement, is the outcome necessarily Pareto efficient? If a situation is Pareto efficient, are Pareto improvements possible? If a change occurs that causes a Pareto efficient outcome, is the change necessarily a Pareto improvement? Please explain. Pareto efficient? If a occurs that causes a Please explain. The price of wholesale milk dropped by 30.3%, when the Pennsylvania Milk Marketing Board low the regulated price. The price to consumers fell by less than 30% in Philadelphia. Why? Marketing Board lowered phia. Why? A maker of specialty soaps supplies a unique soap made from cactus extract to the only two reta in a small town. The producer sells the soap to the retailers at the marginal cost of production of soap, $1.00 per bar, and receives 20% of the profit earned when the retailers sell the soap to customers. Would the producer prefer that the retailers compete with each other on price or to specify the retail selling price of the soap to both retailers? to the only two retailers cost of production of the s sell the soap to other on price or to Suppose that the only way to reduce pollution from paper production is to reduce output. The government imposes a tax equal to the marginal harm from the pollution on the monopoly prod Show that the tax may or may not raise welfare? educe output. The the monopoly producer. Do publishers sell the socially optimal number of managerial economics textbooks? Discuss in te of public goods, rivalry, and exclusion. books? Discuss in terms You and your roommate have a stack of dirty dishes in the sink. Either of you would wash the dis if the decision were up to you; however, neither will do it in the expectation that the other will d with the mess. Explain how this examples illustrates the problem with public goods and free ridi u would wash the dishes that the other will deal c goods and free riding? ABC Software, a small producer, decides to renovate its premises. Instead of hiring an outside contractor and tradespeople, the firm decides to use its employees---secretaries, programmers, staff, and others--to do most of the work. The firm makes all its employees try painting and carp and other tasks needed for the renovation and selects the people with the strongest skills in tho areas to take time off their regular tasks and work on the renovation. Is the strategy a good one? Why or why not? hiring an outside aries, programmers, sales ry painting and carpentry trongest skills in those strategy a good one? Suppose that one Euro can be exchanged for 1.3 U.S. dollars and that one U.S. dollar can be exchanged for 80 Japanese yen. If these currencies can be traded freely with low transaction cos what exchange rate would you expect between the Euro and Japanese yen? Describe the transac that would occur if the Euro-yen exchange rate is higher than this amount? S. dollar can be low transaction costs, Describe the transactions A government is considering a quota and a tariff, both of which will reduce imports by the same amount. Why might the government prefer one of these policies over the other? mports by the same her? As a result of the North American Free Trade Agreement, many ionic "American" cars are not assembled in the United States. Please explain why? Provide some examples of U.S. cars that are assembled outside of the United States? can" cars are not s of U.S. cars that are Outsourcing of services by American firms has contributed significantly to wage growth in India. Explain why using a graph of the Indian labor market? age growth in India. Chanel perfume is sold in France and in the United States. Assume initially that one Euro is worth $1.30 and that a 100ml bottle of perfume sells for $80 in the United States. If Chanel does not pr discriminate internationally, what is the price that would be paid for this perfume in France? No suppose that Chanel decides to price discriminate and finds that it would maximize its profits by lowering its price in the United States to $70 and raising its price by 25% in France. Explain why? explain what happens if the value of the Euro rises by 25% in terms of the dollar? hat one Euro is worth f Chanel does not price rfume in France? Now aximize its profits by rance. Explain why? Next, ollar?
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Q1. If a policy change causes a Pareto improvement, is the outcome necessarily Pareto
efficient? If a situation is Pareto efficient, are Pareto improvements possible? If a change
occurs that causes a Pareto efficient outcome, is the change necessarily a Pareto
improvement? Please explain.
A Pareto improvement should be possible yet Pareto efficiency may not be accomplished in the
meantime if assist improvement is conceivable.
Be that as it may, if Pareto efficiency is accomplished, Pareto improvement is unrealistic since it
is difficult to improve any one individual better off without making at least one individual worse
off. The circumstance is at optimal.
In the event that a change happens and it causes a Pareto effective pay, the change is not really a
Pareto improvement if the change improved one individual better off another person.
Q2. The price of wholesale milk dropped by 30.3%, when the Pennsylvania Milk
Marketing Board lowered the regulated price. The price to consumers fell by less than 30%
in Philadelphia. Why?
On the off chance that the price dropped by 30.3% after price decrease by the Board, sellers will
diminish the prices that the buyer pays by under 30% in various regions as they attempt to boost
the profits through price discrimination.

Q3. A maker of specialty soaps supplies a unique soap made from cactus extract to the only
two retailers in a small town. The producer sells the soap to the retailers at the marginal
cost of production of the soap, $1.00 per bar, and receives 20% of the profit earned when
the retailers sell the soap to customers. Would the producer prefer that the retailers
compete with each other on price or to specify the retail selling price of the soap to both
retailers?
As a sole maker of the one of a unique item, he is straightforwardly influenced by the prices the
retailers pitch to the consumers. Price competition between the two retailers will prompt
resulting price reduction since every retailer will be attempting to pull in a greater number of
clients than the other. As price goes down, the cost of production staying...


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