subject
Business, 06.05.2020 03:05 simegustachocolate

Your local government is concerned about the lack of affordable apartments in the area. To combat the problem it proposes to set the legal maximum rent on 1 bedroom apartments at $300 per month.

You are asked to confirm whether or not this policy will solve the problem. You estimate that the inverse market demand is:

p = 1200 - 2 Q

and the inverse market supply is:
p = Q.

You argue that this policy will cause an excess supply excess demand of nothing units per month (enter your answer as a whole number). Further, you calculate that some consumers would be willing to pay as much as $ nothing a month for an apartment (round your answer to the nearest penny). You conclude that there will be a deadweight loss of $ nothing per month (round your answer to the nearest penny and enter the deadweight loss as a positive number). You add that your calculation of the welfare loss underestimates overestimates the actual loss.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 18:00
Abc company currently pays a dividend of $2.15 per share, d0=2.15. it is estimated that the company’s dividend will grow at a rate of 30 percent per year for the next 3 years, then the dividend will grow at a constant rate of 7 percent thereafter. the market rate of return is 9 percent. what would you estimate is the stock’s current price?
Answers: 3
question
Business, 22.06.2019 08:00
In addition to using the icons to adjust page margins, a user can also use
Answers: 1
question
Business, 22.06.2019 20:40
Review the wbs and gantt chart you created previously. propose three to five additional activities that would you estimate resources and durations. now, identify at least eight milestones for the recreation and wellness intranet project. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone. add your activities and milestones to your gantt chart, creating a new gantt chart. estimate the task durations and enter dependencies as appropriate. remember that your schedule goal for the project is six months. copy the gantt chart and network diagram to a word document.
Answers: 2
question
Business, 22.06.2019 21:10
An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to:
Answers: 3
You know the right answer?
Your local government is concerned about the lack of affordable apartments in the area. To combat th...
Questions