types of market failure. Explain why each may cause market outcomes to be inefficient. 2. What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue? 3. How do the elasticities of supply and demand affect the deadweight loss of a tax? Why does this effect occur? 4. What does the domestic price that prevails without international trade tell us about a nation’s comparative advantage? 5. What is the
Premium Supply and demand Gross domestic product Economics
20 1 1 2 -24 20 4 12 10 2 3 3 -32 20 12 10.67 6.67 4 8 4 -48 20 28 12 5 7 17 5 -75 20 55 15 4 11 27 6 -126 20 96 21 5 16 51 7 -168 20 148 24 2.86 21.14 42 8 -254 20 234 31.75 2.5 29.25 86 9 -380 20 360 42.2 2.2 40 126 Ms. Duvall‚ I went to the website that you suggested‚ and I am still lost. I think my hang up is that I do not know how to find the FC or the VC since I cannot find all of the other costs without them. I tried all week to grasp this‚ but I think
Premium Costs Marginal cost Variable cost
Discussion Questions Week 3 1. What are the advantages and disadvantages of plea bargaining? There are many advantages and disadvantages when it comes to plea bargaining. Among the advantages the defendants could possibly receive a lighter sentence‚ they can end up with a lesser charge‚ and most importantly they move through the criminal justice system a lot faster than if they were to fight a case. As for disadvantages both the defendants and the victims would be affected by plea bargaining
Free Law Lawyer Criminal justice
Commission is to fix the issues that exist with the barriers that are around stopping women and minorities in the workplace from being able to advance. 3. The Federal Privacy Act was created in order to protect the private information of federal employees. Because of the act‚ no information of the employee can be released to anyone without his or hers written consent. 4. The Affirmative Action Plan requires all contractors who supply the federal government with goods or services to ensure that
Premium Employment Affirmative action
Write a 350-word explanation of the following: How you determined the sources to be reliable and relevant‚ and whether or not there is an author bias How this information might strengthen or weaken your essay I can determine if a source is reliable by checking the date it was published‚ and by verifying its origin. The date is an important factor because I can see if the information was publicized recently or in the past. If the information is recent I have a higher chance that the continent
Premium Critical thinking Subject Psychology
Advocates of the death penalty recognize that no system is perfect and that applying the death penalty runs a small risk of executing someone who is innocent. Is this a price society should be willing to pay? SOC120 Week 3 DSC 1 I agree with life in prison‚ which gives the criminal time to think about what he or she has done while serving hard time. Wrongful execution is a miscarriage of justice occurring when an innocent person is put to death by capital punishment‚ the "death penalty."
Free Capital punishment
Team B – Week 3 Reflections ECO/365 – Week 3 Team B – Reflections This week was very informative and interesting for me‚ I have learned a lot from this week. This week has helped me in comparing various market structures and their characteristic‚ along with evaluating the effectiveness of competitive strategies within market structures. Furthermore‚ this week has helped me in determining profit-maximizing strategies based on market structure analysis. Some of the
Premium Economics Monopoly Oligopoly
Comprehensive Problem 67 (Ch. 5) Ken is 63 years old and unmarried. He retired at age 55 when he sold his business‚ Understock.com. Though Ken is retired‚ he is still very active. Ken reported the following financial information this year. Assume Ken’s modified adjusted gross income for purposes of the bond interest exclusion and for determining the taxability of his Social Security benefits is $70‚000 and that Ken files as a single taxpayer. Determine Ken’s 2009 gross income. a. Ken won $1
Premium Taxation in the United States
Briana Jones Health 110 January 9‚ 2013 Chapter Response‚ Part 1 According to the textbook the simplest definition‚ health means being sound in body‚ mind and spirit. The World Health Organization defines health as “not merely the absence of disease or infirmity”‚ but “a state of complete physical‚ mental‚ and social well-being”. Health is the process of discovering using‚ and protecting all the resources within bodies‚ minds‚ spirits‚ families‚ communities and environment. Health has many
Free Personal life Health Public health
Music wk 3 1. Read Chapters 4 and 5 (pgs. 48-75). 2. Listen to assigned music in the text. 3. Take chapter quizzes 4 and 5 4. Respond to Discussion Forum questions for Week 3. 5. Assignments are due by 11:59 PM CST on 9/13/09 WEEK 3 Discussion: 1. What connections can you make between the musical style of plainchant and the monastic lifestyle? > I do not believe that there exists a more simplistic form of music than plainchant that could be more filled with color‚ texture and passion. On the surface
Free Music Gregorian chant