Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

For Figure demand with zero transaction costs is Q1s =50-P and supply is Qs = -7 +2P

1435_Competitive market with an equilibrium price.png

A Verify all of the prices and quantities calculated in the discussion.

B Now assume that intermediaries come from a competitive market with an equilibrium price of $8 per unit for their services, that is any buyer or seller who wants and intermediary's services must pay $8 for them. What is the maximum per unit that sellers are willing to pay intermediaries if hiring them saves buyers $8 in transaction costs?

C Does your answer to Question 16a Change if buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9745324

Have any Question?


Related Questions in Microeconomics

Question a deck has four cards the ace and deuce of hearts

Question: A deck has four cards: the ace and deuce of hearts, and the ace and deuce of spades. After a fair shuffle of the deck, two cards are dealt to Alice. 1.Alice then tells Bob "I have an ace". 2. She then says "I h ...

Question develop an essay discussing the fiscal and the

Question: Develop an essay discussing the fiscal and the monetary policies adopted and implemented by the federal during the Great Recession and their impacts on the U.S. economy. APA format 700 - 850 word essay Your pap ...

Question a clothing manufacturer employs casual sales staff

Question: A clothing manufacturer employs casual sales staff on an as-needed basis at the legal minimum hourly wage. At the same time, the owner of the outlet enters into a fixed-term contract with a department store to ...

Question a domestic shoe company distributes running shoes

Question: A domestic shoe company distributes running shoes and tennis shoes for $95 per pair to it domestic shoe retailers. The marginal cost of producing a pair of running shoes is $60 and the marginal cost of producin ...

Question suppose the european union eu is investigating a

Question: Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists' definition of the relevant market, the two firms prop ...

Question how does a government agency raise revenue

Question: How does a government agency raise revenue differently from a private company, and how does that affect the way government decisions are made, compared to business decisions? The response must be typed, single ...

Question discuss how do the monetary model forecasts

Question: Discuss how do the monetary model forecasts exchange rates. Explain with the use of figures to show the impacts of money supply increase on exchange rate under floating rates against under fixed rates in the Mu ...

Question during past recessions housing prices generally

Question: During past recessions, housing prices generally rose much less than usual, and fell in real terms. Yet in the 2001 recession, housing prices rose much more than average. What factors caused them to rise so rap ...

Question if you were president of a third world country

Question: If you were president of a Third World country which lacked diversity among its political leadership, mention and discuss three policies you would pursue to ensure fair representation of women as decision maker ...

Question you and your friend have opened an account on

Question: You and your friend have opened an account on E-Trade and have each decided to select five similar companies in which to invest. You are diligent in monitoring your selections, tracking prices, current events, ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved