Search Results: 'Producers surplus'

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10 results for "Producers surplus"
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
Draw the Demand and Supply Curve. By Homework Help Classof1
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Given the marginal cost and marginal revenue draw the demand, supply curve.
Design a Linear Programming By Homework Help Classof1
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"The flair Furniture Company produces inexpensive tables and chairs. The production process for each is similar in that both requires a certain number of hours of carpentry work and a certain... More > number of labor hours in the painting and varnishing department. Each table takes 4 hours of carpentry and 2 hours in painting and varnishing shop. Each chair requires 3 hours in carpentry and 1 hour in painting and varnishing. During the current production period 240 hours of carpentry time and 100 hours in painting and varnishing time are available. Each table sold yields a profit of $7; each chair produced is sold for a $5 profit. Design a Linear programming problem for the flair Furniture Company and find the combination of tables and chairs that the company must produce to maximize profits. "< Less
Value, Price and Profit By Karl Marx
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The formation of the International Working Men's Association in 1864 brought together workers from Europe and the Americas for the first time under one banner. Those workers brought with them ideas... More > that were considered radical and pro-worker, but in fact would have set back and injured the workers' movement. It was vital to take on these ideas by contrasting them with the principles of communist economic theory. Currlin Press, in association with the Albert Currlin Institute, is pleased to present the third in its 12-volume Essentials series, a part of the Workers' Library Collection. Included in this volume is Marx's presentation to the IWMA known today as Value, Price and Profit, edited by his daughter, Eleanor, and with a preface written by Edward Aveling, as well as Chapter 7 from Capital on the process of producing surplus value (profit), and an introduction and endnotes by the Albert Currlin Institute.< Less
Value, Price and Profit By Karl Marx
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The formation of the International Working Men's Association in 1864 brought together workers from Europe and the Americas for the first time under one banner. Those workers brought with them ideas... More > that were considered radical and pro-worker, but in fact would have set back and injured the workers' movement. It was vital to take on these ideas by contrasting them with the principles of communist economic theory. Currlin Press, in association with the Albert Currlin Institute, is pleased to present the third in its 12-volume Essentials series, a part of the Workers' Library Collection. Included in this volume is Marx's presentation to the IWMA known today as Value, Price and Profit, edited by his daughter, Eleanor, and with a preface written by Edward Aveling, as well as Chapter 7 from Capital on the process of producing surplus value (profit), and an introduction and endnotes by the Albert Currlin Institute.< 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
The Medieval Warm Period: How Climate Change Shaped European History By Amy Moenning
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The Medieval Warm Period had many effects on European history. To name a few examples, climate change played a significant role in the exploration and settlement of the Norse in Greenland, Iceland,... More > and Canada; caused significant changes in medieval farming and husbandry, and allowed the English to compete with the French in producing high quality wine. Climate change also shaped the general health of the medieval population by creating crop surpluses and famines, determining diet and nutrition, and contributing to the spread of many diseases including the infamous bubonic plague.< Less
The Medieval Warm Period: How Climate Change Shaped European History By Amy Moenning
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The Medieval Warm Period had many effects on European history. To name a few examples, climate change played a significant role in the exploration and settlement of the Norse in Greenland,... More > Iceland, and Canada; caused significant changes in medieval farming and husbandry, and allowed the English to compete with the French in producing high quality wine. Climate change also shaped the general health of the medieval population by creating crop surpluses and famines, determining diet and nutrition, and contributing to the spread of many diseases including the infamous bubonic plague. < Less
Little Homestead in the City
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Since the mid–1980s, members of the Dervaes family have steadily worked at transforming their ordinary city lot in Pasadena into a thriving organic micro farm that supplies them with food all... More > year round. These eco-pioneers also run a successful home business providing their surplus produce to local restaurants. Through their adventures in growing and preserving their own food, installing a solar power system, home-brewing biodiesel for fuel,raising backyard farm animals, and learning back-to-basics skills, these modern-day pioneers have revived the old-fashioned spirit of self-reliance and resourcefulness. Since 2001, their blog has inspired hundreds of thousands to take steps towards a sustainable future and has generated the 21st century urban homestead movement. Visit their blog LittleHomesteadintheCity.com< Less
Capital: A Critique of Political Economy By Karl Marx, Friedrich Engels, Samuel Moore
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In Capital: Critique of Political Economy (1867), Karl Marx proposes that the motivating force of capitalism is in the exploitation of labour, whose unpaid work is the ultimate source of profit and... More > surplus value. The employer can claim right to the profits (new output value), because he or she owns the productive capital assets (means of production), which are legally protected by the State through property rights. In producing capital (money) rather than commodities (goods and services), the workers continually reproduce the economic conditions by which they labour. Capital proposes an explanation of the "laws of motion" of the capitalist economic system, from its origins to its future, by describing the dynamics of the accumulation of capital, the growth of wage labour, the transformation of the workplace, the concentration of capital, commercial competition, the banking system, the decline of the profit rate, land-rents, et cetera.< Less