If you arrive at a conclusion about whether the policy is a good idea or not, you should explain your reasoning. Analysis: In this section of your writing assignment, you should analyze the above scenario. What would happen in this market if we implement this subsidy in the short run? In the long run? Who benefits from this policy?Instructions:Your task contains two parts, an analysis and a cover letter.

Notice that this is not a calculation problem –we have not specified the functions you would need in order to perform exact calculations –instead, we want you to be thinking of this more generally. Your task is to think about the proposed policy. The industry is currently in an equilibrium where firms are earning zero economic profit. There are no barriers to entry –new food trucks start up all the time. There is a large supply of labor in Doronto, willing to work at the (currently) prevailing wage rate of $10/hour –so large, in fact, that firms have no problem finding workers willing to work for $10 per hour (which would continue to be true even if they hired significantly more workers than they currently do). That is, each firm is essentially identical. Your firm has done some preliminary research, and discovered the following things: firms in the food cart industry (regardless of what kind of food they are selling) are perfectly competitive, and have the same production technology (cost structure). Mayor McNeill’s office has hired your consulting firm to look into the matter further and provide some guidance as to whether implementing this subsidy would be a good idea overall, and specifically who benefits from this policy.

Of course, Mayor McNeill is interested in the well-being of these workers, the profitability of the firms, the growth of the industry, and the city’s overall finances. Mayor McNeill’s advisor suggested that this would be popular with the people who work in these firms, and the firm owners, and promote the overall growth of the food-cart industry. One of his policy advisors has suggested that one way they could promote this kind of industry in Doronto is to subsidize the wages of food-cart workers: every year when the food carts submit their taxes to the city, the city would subsidize the hourly wages by $1, which would be deducted from the taxes that firm (food cart) would have to pay that year. Part of Mayor McNeill’s plan for improving Doronto is to promote this food-cart culture, focusing on the business aspect. All over Doronto there are food carts selling all kinds of different cuisines, and the reputation Doronto has developed as being foody-friendly has been great for tourism. Scenario: Mayor McNeill has just taken over as the mayor of Doronto, a city famous for its lively food-cart industry. In this writing assignment, you will be acting as an economic policy advisor. Īs an economist, in addition to being able to analyze a situation, you will need to be able to communicate your ideas to others. Que depende del tiempo, implicando que puede cambiar.Įl cambio de posición respecto al tiempo da origen a lo que Respecto al origen y se representa como una función: Se define la posición como la distancia orientada del cuerpo Hablar de la posición de los elementos respecto al origen de Una vez definido el sistema de referencia a utilizar, se puede Referencia es un sistema de coordenadas mas una escala de

Universal” sino que usamos sistemas de referencia arbitrariosĬada observador decide donde colocar el origen del sistema deĬoordenadas a modo de facilitar la resolución de losĬada observador capaz de medir el espacio y el tiempo,Ĭonstituye un sistema de referencia. Las leyes del movimiento: Leyes de NewtonĮn la naturaleza no existe ningún “sistema de referencia

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