04 Economic Efficiency, Government Price Setting, and Taxes 管理经济学 教学课件.pptVIP

04 Economic Efficiency, Government Price Setting, and Taxes 管理经济学 教学课件.ppt

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04 Economic Efficiency, Government Price Setting, and Taxes 管理经济学 教学课件

Economic Efficiency, Government Price Setting, and Taxes Should the Government Control Apartment Rents? After studying this chapter, you should be able to: Understand the concepts of consumer surplus and producer surplus. Understand the concept of economic efficiency, and use a graph to illustrate how economic efficiency is reduced when a market is not in competitive equilibrium. Use demand and supply graphs to analyze the economic impact of price ceilings and price floors. Use demand and supply graphs to analyze the economic impact of taxes. Economic Efficiency, Government Price Setting, and Taxes Price ceiling A legally determined maximum price that sellers may charge. Price floor A legally determined minimum price that sellers may receive. Consumer Surplus And Producer Surplus Consumer Surplus Consumer Surplus and Producer Surplus Consumer Surplus The Consumer Surplus from Satellite Television Consumer Surplus and Producer Surplus Producer Surplus Producer surplus The difference between the lowest price a firm would have been willing to accept and the price it actually receives. Consumer Surplus and Producer Surplus What Consumer Surplus and Producer Surplus Measure The Efficiency of Competitive Markets Marginal Benefit Equals Marginal Cost in Competitive Equilibrium The Efficiency of Competitive Markets Economic Surplus The Efficiency of Competitive Markets Deadweight Loss The Efficiency of Competitive Markets Economic Surplus and Economic Efficiency Government Intervention in the Market: Price Floors And Price Ceilings Price Floors: The Example of Agricultural Markets Price Floors in Labor Markets: The Minimum Wage Government Intervention In The Market: Price Floors And Price Ceilings Price Ceilings: The Example of Rent Controls Government Intervention In The Market: Price Floors And Price Ceilings Black Markets What’s the Economic Effect of a “Black Market” for Apartments? Does Holiday Gift Giving Have a Deadweight Loss? Government Intervention

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