Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

Impact of government regulation on extraction of natural resources

1. Taxi fares in New York recently were increased by nearly 50%. Predict the effect on the price of taxicab medallions, the earnings of taxicab drivers also congestion in New York streets.

2. In the interest of conservation it has often been argued there must be government regulation of the extraction of natural resources such as timber also government regulation to protect endangered wildlife. Elucidate why also describe how, in a free marketplace economy, these resources are already regulated also comment on the pitfalls to either form of regulation.

Economists Armen Alchian also Reuben Kessel have advanced the hypothesis which monopolists choose to satisfy more of their non-pecuniary aims than do perfect competitors. Consider the following aims: (a) exercising their preferences against certain minorities, (b) enjoying the good life with lush expense accounts for executives. Elucidate what theoretical arguments could support this hypothesis? Elucidate how might you test this hypothesis?

1786_Labour-Capital Unit.jpg

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M920365

Have any Question? 


Related Questions in Business Economics

Appalachian governors supported the establishment of the

Appalachian governors supported the establishment of the Appalachian Regional Commission (ARC) in the early 1960s. However, some politicians from outside the region felt that issues such as poverty and economic developme ...

Advanced analysis assume the following values for the

ADVANCED ANALYSIS Assume the following values for the figures below: Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $45 per bag. In Figure (a), the price at point a is $85 per bag. The price at ...

In a 3 pages paper and double space describe the advantages

In a 3 pages paper and double space describe the advantages and disadvantages of magnetic storage, optical storage, and solid state storage using criteria such as versatility, durability, capacity, access time, and trans ...

Leadership research essayfor this assignment you are

Leadership Research Essay For this assignment, you are required to write a Leadership Research Essay. Requirement: Using the terms, concepts, and theories learned in this course, write a 5 to 7 page (Times New Roman 12 f ...

Tom and jerry are both enterpreneurs and are producing hats

Tom and Jerry are both enterpreneurs and are producing hats and scarfs. Tom is producing 1 hat and 3 scarfs per hour whereas Jerry is currently producing 2 hats and 5 scarfs per hour. Now they want to increase their prod ...

When we derived the put-call parity relationship for

When we derived the put-call parity relationship (for non-dividend paying stocks), we showed that the put was equivalent to a combination of the call, the stock and riskless borrowing/lending. Obviously, we could use the ...

Effect of bank strategies on bank ratings a bank has asked

Effect of Bank Strategies on Bank Ratings A bank has asked you to assess various strategies it is considering and explain how they could affect its regulatory review. Regulatory reviews include an assessment of capital, ...

Senior management at the lcb watercraft lcbw company would

Senior management at the LCB Watercraft (LCBW) company would like you to help pick the mix of products they should produce and sell – this involves determining the production quantities for each model. LCBW always has a ...

Explain and illustrate using a diagram why a monopolist

Explain and illustrate using a diagram why a monopolist would never produce in the inelastic range of the demand curve. (3 marks for explanation, 3 marks for diagram) In each of the following cases, state whether the mon ...

Fiscal policy please respond to the following who is in

Fiscal Policy" Please respond to the following: Who is in charge of making fiscal policy? Determine what fiscal policy measure has a more direct impact to the economy. Is it an increase in government spending or an equal ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate