Search Results: 'Consumer surplus'

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6 results for "Consumer surplus"
Estimation of the Equilibrium Price, Output, Consumer Surplus By Homework Help Classof1
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"a) Calculate the monopoly equilibrium. b) Calculate the consumer surplus. c) Suppose this firm practices two-parts tariffs, I) Calculate the optimal output. II) Calculate the size of the... More > optimal ""membership fee"". "< Less
Calculation of Deadweight Loss in Health Insurance By Homework Help Classof1
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Let’s say there’s a world-wide influenza pandemic. Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health... More > insurance that pays 80% of all medical services, including flu shots. Draw a market demand for flu shots and show graphically what the socially optimal number of flu shots is (not considering lives saved). Show how many flu shots will be provided in this market given the insurance. Show the deadweight loss caused by the health insurance.< Less
Estimation of Before Tax Pricing By Homework Help Classof1
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"a) Give the before-tax charcoal price and quantity exchanged. b) Give the after-tax charcoal price to buyers, the quantity exchanged, and total tax revenues. c) How is the tax divided among... More > sellers and buyers? "< Less
Micro Economics Revenue Draw By Homework Help Classof1
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"a. For the product shown, assume that the minimum point of each firm’s average variable cost curve is at $2. Construct a demand and supply diagram for the product and indicate the... More > equilibrium price and quantity. b. On the graph, label the area of consumer surplus as f. Label the area of producer surplus as g. c. If the equilibrium price were $2, what would be the amount of producer surplus? "< Less
Great Balls of Fire! By John E. Parsons
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To early humans work was synonymous with survival. Then agriculture created surplus allowing certain individuals to investigate philosophy and technology which led to culture. Now there is a... More > certain brute heroism in strict survival activity and there is something awe-inspiring about discovery and inventive progress… but today, our challenge is to "consume in order to employ". Where is the heroism or inspiration in this way of life? This novelette examines this question.< Less
Great Balls of Fire! By John E. Parsons
eBook (PDF): $2.00
Download immediately.
To early humans work was synonymous with survival. Then agriculture created surplus allowing certain individuals to investigate philosophy and technology which led to culture. Now there is a... More > certain brute heroism in strict survival activity and there is something awe-inspiring about discovery and inventive progress… but today, our challenge is to "consume in order to employ". Where is the heroism or inspiration in this way of life? This novelette examines this question.< Less