英语论文网

Question 1:问题1：

您必须显示您的计算和/或使用图表来演示您如何到达
你的答案
Based the tables below, if Heath and Cliff are the only buyers in the pizza market and Cathy is the only seller, what is the:根据下表，如果希思和悬崖是比萨饼市场上唯一的买家，凯西是唯一的卖家，那是什么：

(a) market equilibrium price? (1 mark)市场均衡价格？ （1分）
(b) market equilibrium quantity? (1 mark)市场均衡数量？ 
(c) consumer surplus at the market equilibrium? (1 mark)消费者剩余在市场均衡？ 
(d) producer surplus at the market equilibrium? (1 mark)市场均衡下的生产者盈余？
(e) total benefit to society of this market? (1 mark)对这个市场的社会有好处吗？

You must show your calculations and/or use diagram(s) to demonstrate how you arrived at your answers.必须展示你的计算和/或使用图（S）来证明你的答案。

Question 2:

Is the pizza market described in Question 1 above efficient? Explain. Is it equitable? Explain.(3 marks)

Question 3:

Suppose you are the manager of the only theatre in town that plays Shakespeare. You found that the quantity demanded for your tickets decreases from 160 to 150 when the ticket price increases from $44 to $49.

(a) What is the price elasticity of demand for your tickets? Show your calculation, using the midpoint method. (1 mark)
(b) Explain the meaning of the elasticity calculated in (a) above. (1 mark)
(c) Why do you think your tickets have the elasticity calculated in (a) above? (1 mark)
(d) Would the elasticity calculated in (a) above apply to everyone in town? Why or why not? (1 mark)

Question 4:

The news that oats can help reduce cholesterol has caused people to prefer to eat more oats. This change in preference would be expected to cause the demand curve for oats to shift to the right, and equilibrium price and quantity of oats to increase. If the price of oats increases, what effects might be felt in other markets, and why? (3 marks)
本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。