Road charging-an end to congestion
‘State the economic arguments on whether big cities which have congested roads must charge a road tax?’
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Building an understanding of the workings and restrictions of the market mechanism by considering an externality. The ideas of welfare marginality and economics are of very significance.
I have a problem in economics on Law of Demand in respect to relative price. Please help me in the following question. The law of demand defines that as: (1) Absolute prices rise, quantity demanded raises. (2) Relative prices raise, quantity demanded
This graph depicts a short run situation while long run equilibrium has been achieved for a firm along with some market (price-making) power when the firm cannot price discriminate and: (w) has explicit costs but no i
Babble-On maintains world-wide patents for software which translates any of 314 spoken languages within text, with automatic audio and text translations in any of the other three-hundred-thirteen languages. Babble-On will never intentionally produce as well as sell vo
When a monopolist which does not price discriminate maximizes profit and charges a price equal to marginal cost, this will: (i) minimize average cost and generate zero economic profit. (ii) minimize average cost and generate a positiv
Present market demands for most of the durable goods tend to rise if: (1) Their prices are predicted to rise in the near future. (2) Consumers expect growth in supplies of substitutes. (3) Technological advances make present models obsolete. (4) The p
A monopolist can produce economic profits while: (w) average fixed costs [AFC] are very high. (x) average total costs [ATC] lies above the demand curve. (y) at least some portion of the average total costs [ATC] curve lies below the d
Conditions of producers equilibrium: The conditions of producers equilibrium through the marginal cost and marginal revenue approach are as follows. 1. Marginal cost should be equal to marginal revenue.
“Law of Distribution” given by Vilfredo Pareto asserts that the: (w) relative prices for goods reflect how intensively labor is used as an input. (x) the percentages of national income going to labor and to capital is a co
For a specified distribution of income within a purely competitive economy, marginal social benefit will the same marginal social cost unless: (w) “hit and run” entrepreneurs prosper. (x) economic profits
Total variable costs can be estimate as: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) Cannot be measured within demonstrated figure. Discover Q & A Leading Solution Library Avail More Than 1449526 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947601 Asked 3,689 Active Tutors 1449526 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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