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Question: Consumer surplus is used as a measure of a consumer's net benefit from purchasing a good or service. Explain why consumer surplus is a measure of net benefit.
Microeconomics, Economics
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Question: From the College Scorecard, average costs of attending UCR is $13,144. Average salary for UCR attendees is $47,200 Average salary of someone who does not attend college is roughly $33,800 ($651/week from slides ...
Question: The National Park Service charges visitors to a certain monument a $5 per car admission fee and an additional fee of $5 per camera. Is this necessarily price discrimination or might it be based on costs? If it ...
Question: How can governments identify good candidates for infant industry protection? Can you suggest some key characteristics of good candidates? Why are industries like computers not good candidates for infant industr ...
Question - Let demand be given by QD = 8 - 2P; let supply be given by QS = 2P. A tax of $2 per unit is imposed on consumer, what is the new equilibrium price [the price paid by the consumer]?
Question: Answer Questions: your answers should be no more than a short paragraph of 3-4 sentences for each of the following questions. Assume that a firm's analysis of its balance condition shows the following: PL = $10 ...
Question: Some crops have flowers that are rich in nectar, but pollination by bees has only a small effect on their yields. Construct an example to show that in this case the beekeeper will probably pay for the right to ...
Question: Suppose the capital gains tax rate were cut from 20% to 15%, which boosted the stock market by 5%. Assuming that 20% of the additional gains were realized, calculate the change in capital gains tax receipts und ...
Question: You work for Dinch Plumbing Supply. Your customers tend to be of two types: 1. Plumbers and plumbing companies who buy in large quantities, know exactly what they want, and insist on competitive prices or they' ...
Question: An investment of $5000 in Biotech common stock proved to be very profitable. At the end of 3 years the stock was sold for $25000. What was the rate of return on the investment? The response must be typed, singl ...
Question: What change agent skills are necessary for helping a dysfunctional group become more effective? What if problems exist between managers? What happens if they refuse the help of the change agent? Do you believe ...
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