The production frontier for public good G and private good Q is G+Q-320,000. The economy has 100 identical household with utility function U-XG where Q - ΣX₁. Determine the efficient levels of G and Q. If the markets for both goods are perfectly competitive, determine the levels produced.
Answers
The levels produced are Q=160,000 and G=160,000 is the answer.
Efficient levels of G and Q- The production frontier for public good G and private good Q is given by G+Q-320,000. Also, the economy has 100 identical households with a utility function U=XQ, where Q=ΣX₁. First, we need to determine the efficient levels of G and Q. Since the economy has 100 identical households, the total utility function of the economy is U=100XQ.
To maximize utility, we need to allocate resources to public good G and private good Q such that the marginal utility of each good is equal.
We can derive the marginal utility of public good G as follows: MUᵢ(G) = ∂U/∂Gi = 100∂(XQ)/∂Gi = 100X₁ where i = 1, 2, ..., 100 and X₁ is the consumption of private good Q by household i.
Similarly, we can derive the marginal utility of private good Q as follows: MUᵢ(Q) = ∂U/∂Qi = 100∂(XQ)/∂Qi = 100 - 100i where i = 1, 2, ..., 100.
The efficient level of public good G is the sum of the marginal utility of public good G for all households. Therefore, G = ΣMUᵢ(G) = 100ΣX₁.
The efficient level of private good Q is the sum of the marginal utility of private good Q for all households.
Therefore,ΣMUᵢ(Q) = Σ(100 - 100i) = 100Σ(1 - i) = 100(1 + 2 + ... + 100) - 100² = 5,050.Q = ΣX₁ = Σ(100 - MUᵢ(Q)) = Σ(100 - (100 - 100i)) = Σ100i = 5,050.
Therefore, the efficient levels of G and Q are G=100ΣX₁ and Q=ΣX₁.
The efficient level of G is G=100ΣX₁ and the efficient level of Q is Q=ΣX₁.
If the markets for both goods are perfectly competitive, the levels produced are determined by the market demand and supply.
Since the production frontier is G+Q-320,000, we can derive the market demand and supply for each good as follows: D(Q) = 320,000 - G - QS(Q) = Q
Equating demand and supply, we get:320,000 - G - Q = Q
Solving for Q, we get: Q = 320,000 - G
Substituting Q into the supply equation, we get: G = 320,000 - Q
Solving the two equations simultaneously, we get: Q = 160,000G = 160,000
Therefore, the levels produced are Q=160,000 and G=160,000.
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Related Questions
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Answer:
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Communication things at all ranges of an innovation program, however it's especially essential in the course of the launch as you need to tell all people about the trade and clearly get them onboard.
Why response is fundamental in wonderful communication?An appreciation response is most likely to create a climate where honest, frank communication can occur. It is a feelings–oriented response which conveys sensitivity and understanding. Strong bad feelings can grow to be a barrier to communication; this response can scale down these feelings.
With positive communication, you perceive achievable returning clients and build their trust, increase choices with them by using supplying high-quality solutions, and engage with opportunities past the contemporary deal due to the have faith you've got created.
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Answer: B
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Yes, It is mandatory to include the banner marking at the top of the page to alert the user that CUI (Controlled Unclassified Information) is present. So, the answer will be True.
What is Banner Marking?Banner marking describes a visual cue or label that is positioned at the top of a website or document.
Banner Marking frequently includes crucial details like a warning, disclaimer, or notice.
Banner Marking can be used to advise users that banner marking can help in alerting of potential risks or crucial details pertaining to the page's content.
It can be in the form of text, photographs, or even videos and may be mandated by laws or organisational policies to be included on specific types of web pages or documents.
Banner marking can be used to convey information about a website's security level, such as if the site is secure or whether cookies are used.
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On long haul flights in the USA, why are there no cameras that show outside of the plane? (When you get on a long haul flight in other countries besides the USA, you’re able to see what’s taking place outside of the plane simply by looking at the cameras on the seat-back screen, but you can’t do that in the USA, why?)
Answers
Answer & Explanation:
There are no cameras showing the outside of the plane on long-haul flights in the USA simply because the airlines have not installed them. Airlines have different policies and preferences when it comes to the in-flight entertainment systems in their planes. While some airlines have installed cameras to show the outside of the plane, others may not have installed them to prioritize other essential features such as seat comfort, safety, or cost. Moreover, adding such cameras may require additional equipment, installation, and maintenance costs, which may not be feasible for some airlines.
In addition, some airlines may have concerns about passenger privacy and the potential for cameras to become embezzled. As a result, US regulators may have stringent protocols for such in-flight camera installations that airlines deemed impractical.
Overall, the decision to install cameras showing the outside of the plane on long-haul flights is an individual airline decision, and it depends on various factors such as their customers' preferences and cost decisions.
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Answer:
I think it would be D but i am not for sure:]
Explanation:
Answer:
c
Explanation:
just took the test
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The total distance that the particle travels between time 0 and time 10 can be calculated by finding the area under the curve of the particle's velocity function. If the velocity function is given by v(t), then the total distance traveled can be found by integrating v(t) with respect to time from 0 to 10:
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In a corporate setting, property taxes are an example of a(n) __________.a. mixed costb. committed fixed costc. discretionary fixed costd. engineering cost
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"In a corporate setting, property taxes are an example of a committed fixed cost." Option B is correct.
Committed fixed costs are expenses that a company has agreed to pay, and cannot easily change or avoid, such as rent, insurance, and property taxes. These costs are often necessary for the business to operate and cannot be eliminated without significant consequences. Property taxes are a form of taxation imposed on real estate by local governments and are calculated based on the assessed value of the property.
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quizle t A patient is admitted to the hospital with a diagnosis of vitamin B12 deficiency, hypoxia and anemia. In addition to oxygen therapy, what will the provider order to address these problems
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Economists use some familiar terms in specialized ways
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c. to provide a new and useful way of thinking about the world.
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Answers
Economists use some familiar terms in specialized ways to provide a new and useful way of thinking about the world.
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Medicare is a government program funded by tax dollars to:
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C-provide hospital insurance for those over 65
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Answer: C
Explanation: Trust me
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Answer:
Introduction
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What is misleading about the term “overdraft protection”? please answer will give brainliest to the first
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Answer:
"Overdraft protection is a misleading term, because it doesn't protect you from overdrafting," Schliep said, after paying the bank back for the charges. "It allows you to overdraft when you don't have enough money in checking so you're not embarrassed by getting your card denied."
Explanation:
Answer:
it makes it sound beneficial but it will take money from you.
With overdraft protection, if you don't have enough money in your checking account, checks will clear and ATM and debit card transactions will still go through. If you don't have enough overdraft protection to cover a shortfall, transactions won't go through, and fees may be high.
Explanation:
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False
Answers
The statement "The oscillating movement of demand that occurs periodically over the short-run and is repetitive is called a seasonal pattern" is True. Seasonal patterns refer to fluctuations in demand that occur regularly and predictably over short periods, often in relation to seasonal events or changes.
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Recognizing and understanding seasonal patterns is essential for businesses to effectively plan production, inventory management, pricing strategies, and promotional activities. By aligning their operations with these patterns, businesses can optimize their performance and meet customer demand during peak seasons.
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residential
consumer
industrial
customer
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Messages for goods and services that help readers save money will most likely Multiple Choice avoid using evidence to convince customers. rely on an appeal to character. have a logical appeal. have a sensory appeal. have an emotional appeal.
Answers
One of the arguments that goods and services messages don't use to help readers save money is a sensory appeal (option c)
A sensory appeal is a form of conviction that tries to persuade a person through the senses, that is, evoking sensations through the five basic senses.
This method of convincing can be used when you want a person to acquire an experience such as visiting a park, a spa, or another place. Also for you to experience a new restaurant, attend a concert, play, among others.
In the case of saving money, convincing through the senses is not so useful because a person saves and does not have a sensory link related to this action.
Therefore, the correct answer is the option have a sensory appeal (option C)
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O False
O True
Mark this and return
Save and Exit
Nex
Subm
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Which of the following describes intellectual property
concepts that are too abstract to be copyrighted or trademarked in any way
things that are created in the mind and not necessarily able to be seen or touched
inventions or discoveries that have significant educational or scientific value
any kind of work or creation that was developed at a college or university
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You have data for regions, products, and customers. Which option on a pivot table will you find in the fields list?.
Answers
The option on a pivot table is the Analyze option where one can find the Fields list.
Analyse optionA pivot tableIt is a table of grouped values that aggregates the individual items of a more extensive table within one or more discrete categories. This summary might include sums, averages, or other statistics, which the pivot table groups together using a chosen aggregation function applied to the grouped values.
Therefore, the answer is an analyze option.
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If you were starting a company, what would be included in your social
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Which of the following is TRUE regarding unexpected expenses?
They usually don’t affect your budget.
They usually don't affect your ability to pay bills.
They should not be included in your budget.
They should be planned for.
Answers
Answer:
They should be planned for.
Explanation:
Unexpected expenses include emergencies and other unforeseen costs that a person incurs in day to day activities. These unexpected expenses must be paid for, which means resources must come from somewhere to effect the payments.
The best way to cater to unexpected expenses is to include them in the budget. Contingencies is the term used to describe funds kept aside to settle unexpected expenses. Without a contingency arrangement, unexpected expenses will affect the budget and a person's ability to pay normal bills.
Answer:
D. They should be planned for.
Explanation:
Which economic effect does a central bank hope to achieve by buying back large amounts of treasury security
Answers
A. It hopes to reduce the amount of money available for lending.
Explanation:
Usually, the central bank(Federal reserve) control the supply of money in circulation in the economy so that the nation's economy would be healthy. One of the ways through which the federal reserve controls the quantity of money in circulation is by selling or purchasing of government securities through a process known as open market operation.
If the federal reserve sells government securities such as treasury bills, in large quantities, its aim is to reduce the amount or quantity of money available to commercial banks for lending, hence mop up the quantity of money in circulation.
Also, if the federal reserve buys government securities, its aim is to make more money available in large quantities to commercial banks and other institutions, hence have more cash to lend people.
The economic effect that central bank are trying to effect by the process of buying back large amounts of treasury security is bring reduction to amount of money available for lending.
Treasury notes as well as bonds are securities that brings about payment of fixed rate of interest which is usually done every six months till the security reach a stage of maturity.The central bank do buy large amounts of treasury security so that the money that can be available for lending can be reduced.Therefore, this process are put in place to balance the economy.
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How can public health decrease the economic impact on health care?
Answers
Answer:
First, healthier people are more economically productive. Better health also leads to an increase in savings rates—because healthier people expect to live longer and are naturally more concerned with their future financial needs. Another bridge between health and the economy is education.
Explanation:
A big crowd is watching a football game. Suddenly, everyone jumps to their feet and starts cheering. The home team scored a touchdown. They are now in the lead. What is the stimulus in this scenario?
A) They are now in the lead.
B) The home team scored a touchdown.
C) A big crowd is watching the game.
D) Suddenly, everyone jumps to their feet and starts cheering.
Answers
B)
Explanation:
the definition of stimulus is something that causes a reaction so b is the only one that makes sense
PLEASE HELP
Match each profession with its usual work environment.
1. Solar photovoltaic installer
2. Ironworker
3. Construction manager
4. Cement mason
A.Roof of a building
B.Outdoors at great heights
C.Outdoor job site
D.Field office
Answers
Answer:
1.) Solar photovoltaic installer - a. roof of a building
2.) Ironworker - b. outdoors at great heights
3.) Construction manager - d. field office
4.) Cement Mason - c. outdoor job site
Explanation:
please correct me if I'm wrong
Billing a customer for goods shipped is accomplished as part of the
A. controlling module
B. Sales and distribution module
C. MRP module
D. Financial accounting module
Answers
Billing a customer for goods shipped is accomplished as part of the Sales and distribution module.
This module is responsible for managing the entire sales process, from order management to delivery and invoicing. It handles the tasks related to customer orders, including order entry, order confirmation, picking and packing, and finally, billing the customer for the shipped goods.
Within the Sales and distribution module, the billing process involves generating an invoice based on the goods shipped. This includes capturing the relevant information such as quantity, pricing, discounts, and any applicable taxes. The module also takes into account the customer's payment terms and credit limits to ensure accurate billing.
By using the Sales and distribution module for billing, companies can streamline their invoicing process, improve accuracy, and maintain better control over sales transactions. It allows for efficient tracking of orders, timely invoicing, and integration with other modules such as financial accounting for proper recording of revenue and accounts receivable.
Overall, the Sales and distribution module plays a vital role in the billing process, ensuring that customers are billed accurately and in a timely manner for the goods they have received.
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Billing a customer for goods shipped is accomplished as part of the B. Sales and distribution module.
In the Sales and distribution module of an enterprise resource planning (ERP) system, the process of billing a customer for goods shipped is a crucial step. This module handles the entire sales cycle, from receiving the order to delivering the products and generating the invoice.
Here's a step-by-step explanation of how the Sales and distribution module enables billing:
1. Order processing: When a customer places an order, the Sales and distribution module captures the details, such as the products, quantities, and delivery address.
2. Goods delivery: After picking and packing the items, the module records the actual shipment of goods to the customer.
3. Shipment documentation: The module generates shipping documents, such as packing slips and delivery notes, which provide proof of delivery.
4. Invoicing: Using the information from the order and the shipment, the Sales and distribution module creates the invoice for the customer. The invoice includes the details of the goods shipped, prices, discounts, and any applicable taxes.
5. Accounts receivable update: The module updates the financial records, reflecting the sale and the customer's outstanding balance.
By integrating the Sales and distribution module with other modules like Financial accounting, the ERP system ensures accurate and efficient billing processes, reducing errors and improving overall business operations.
To summarize, billing a customer for goods shipped is accomplished as part of the Sales and distribution module in an ERP system.
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