Equilibrium price and quantity after tax By econ101helpFebruary 21, 20190 Consider the following market with the demand and supply equations where is the quantity demanded and is the quantity supplied.…

Supply and demand model with imports By econ101helpFebruary 8, 20190 In this post, using supply and demand analysis, I consider what happens to output and prices when a country transitions…

How to derive labor supply function By econ101helpJanuary 23, 20190 Suppose a worker has the utility function where describes leisure hours and is a consumption good. The wage rate is…

Average cost and marginal cost pricing rule By econ101helpJanuary 20, 20190 Average cost and marginal cost pricing rule are both regulatory regimes that can be used by governments in attempt to…

Indirect utility function By econ101helpDecember 10, 20180 The indirect utility function describes the maximum amount of utility a consumer can achieve, given a fixed amount of income…