ECON1101 Study Guide - Final Guide: Cost Curve, Time Horizon, Aggregate Demand

The Australian national electricity transmission grid links eastern states including New South Wales, South Australia, and Victoria, but does not link Western Australia. How would price changes in Western Australia affect the other states?

Assume you want to start a new business in a competitive market. Applying microeconomics theories, argue pros and cons of starting your business. You need to expand your discussion by focusing on a particular example.

Requirement:- Apply microeconomic theories . You need to provide at least three references.

I'm taking a microeconomics class and I have to illustrate a $15 tax on a $30 item with a quanity of $30. I need to indicate new price points and quantities. Determine how much tax revenue is generated by the tax and what the tax incidence on tax is on consumers and producers.