Entries by Hannah Wangui

Question What is the number one source of crude imports to the US?

August 22, 2019 in /by

Question What is the number one source of crude imports to the US?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Question Question Consider a perfectly competitive market for natural gas. Price taking natural gas consumers (electricity plants, industrial producers, and residential users) have an iso-elastic demand function given by: P=100(Q^(1/Nd)) where Nd0 is the elasticity of natural gas supply. Suppose the government is considering an ad valorem tax on producers of 10% of the sale price. a. For Nd between -5 and -1.1 (increments of 0.1) and Ns=2: i. calculate the change in consumer and producer surpluses due to the tax relative to the no-tax competitive equilibrium. ii. Calculate the change in deadweight loss due to the tax. b.For Ns between 1.1 and 5 (increments of 0.1) and ND=-2 i. Calculate the change in consumer and producer surpluses due to the tax relative to the no-tax competitive equilibrium. ii. Calculate the change in deadweight loss due to the tax. c. Suppose that Nd=-1.5 and Ns=2. The government when setting the tax argued that producers would not bear the brunt of the tax incidence. i. Was the government correct in making this assessment? ii. What were the implications of the government’s choice for the efficiency costs of the tax? I need help with the above problem. Thanks!. Price taking natural gas consumers (electricity plants, industrial producers, and residential users) have an iso-elastic demand function given by: P=100(Q^(1/Nd)) where Nd0 is the elasticity of natural gas supply. Suppose the government is considering an ad valorem tax on producers of 10% of the sale price. a. For Nd between -5 and -1.1 (increments of 0.1) and Ns=2: i. calculate the change in consumer and producer surpluses due to the tax relative to the no-tax competitive equilibrium. ii. Calculate the change in deadweight loss due to the tax. b.For Ns between 1.1 and 5 (increments of 0.1) and ND=-2 i. Calculate the change in consumer and producer surpluses due to the tax relative to the no-tax competitive equilibrium. ii. Calculate the change in deadweight loss due to the tax. c. Suppose that Nd=-1.5 and Ns=2. The government when setting the tax argued that producers would not bear the brunt of the tax incidence. i. Was the government correct in making this assessment? ii. What were the implications of the government’s choice for the efficiency costs of the tax? I need help with the above problem. Thanks!

August 22, 2019 in /by

Question Consider a perfectly competitive market for natural gas. Price taking natural gas consumers (electricity plants, industrial producers, and residential users) have an iso-elastic demand function given by: P=100(Q^(1/Nd)) where Nd<0 is the elasticity of natural gas demand. Price taking natural gas suppliers have an iso-elastic supply function given by  P=5(Q^(1/Ns)) where Ns>0 is the […]

 

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Question Question I’m in an energy economics course and need help with a homework question. The question reads: In a perfectly competitive market for coal, consumers’ benefit function from consuming tons of coal Q, is given by: B(Q)=-0.25(Q^2)+ 240Q In addition, the coal producer has a function given by: C(Q)=0.1(Q^2)+2Q. Suppose the government imposes an ad valorem tax on coal producers of 7% of the sale price. a. What is the competititive equilibrium in the absence of the tax? b. What is the competitive equilibrium with the ad valorem tax? c. What is the change in consumer surplus as a result of the tax? d. What is the change in producer surplus as a result of tax? e. How much revenue is generated by the tax? f. What is the deadweight loss from the tax? g. What is the change in total welfare due to the tax? If someone could help me get started on this problem, that would be great. Thanks!question. The question reads: In a perfectly competitive market for coal, consumers’ benefit function from consuming tons of coal Q, is given by: B(Q)=-0.25(Q^2)+ 240Q In addition, the coal producer has a function given by: C(Q)=0.1(Q^2)+2Q. Suppose the government imposes an ad valorem tax on coal producers of 7% of the sale price. a. What is the competititive equilibrium in the absence of the tax? b. What is the competitive equilibrium with the ad valorem tax? c. What is the change in consumer surplus as a result of the tax? d. What is the change in producer surplus as a result of tax? e. How much revenue is generated by the tax? f. What is the deadweight loss from the tax? g. What is the change in total welfare due to the tax? If someone could help me get started on this problem, that would be great. Thanks!

August 22, 2019 in /by

Question I’m in an energy economics course and need help with a homework question. The question reads:In a perfectly competitive market for coal, consumers’ benefit function from consuming tons of coal Q, is given by: B(Q)=-0.25(Q^2)+ 240Q In addition, the coal producer has a function given by: C(Q)=0.1(Q^2)+2Q. Suppose the government imposes an ad valorem tax […]

 

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Question Question The cash market for natural gas features quality adjustments for sulfur or other impurities in the natural gas stream. True or false for natural gas features quality adjustments for sulfur or other impurities in the natural gas stream. True or false

August 22, 2019 in /by

Question The cash market for natural gas features quality adjustments for sulfur or other impurities in the natural gas stream.  True or false    Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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