Based on the information on the preceding graph, you can tell that producer surplus in this market will be $ Suppose the market price of a smartphone increases to $165. will sell smartphones at the given market price, and total

Q: an entrepreneur is setting up a storage facility which will provide storage both at peak times and…

A: For Kuhn - Tucker conditions of optimization we set up a Lagrangian problem in which there is an…

Q: Evaluate the extent to which Livestock Wealth is implementing the concepts of “shared value” and…

A: Shared value means that the businesses are adopting those practices that help in increasing the…

Q: 23. Where can a firm find statistical information on the strength and performance of an economy?…

A: A financial marker or indicator is a piece of monetary information, normally of macroeconomic scale,…

Q: . Hakim works 40 hours per week and currently earns $10.25 per hour at his job. His supervisor tells…

A: given that, Hakims works 40 hours per week  earns $10.25 per hour

Q: For the following calculations the tax threshold is $1,500,000 and the taxable income is taxed at…

A: Income tax is a type of direct tax levied by a government on the earnings of its citizens.…

Q: 1. The monthly rent for Theeben's apartment is $625. His landlord tells him that next year, the…

A: a. Theeben's new monthly rent using method 1. = $625+(625*6%)=$625+37.5=$662.5

Q: 1. Consider a real return bond with a face value of $15,000 and a coupon yield of 5.2%. What is the…

A: The nominal or ostensible yield to be paid by the issuer on the bond at the time of issue is known…

Q: 7. Which of the following is one of the Federal Reserve's two policy mandates? a) Increasing GDP b)…

A: In the United States, the Federal Reserve is the highest monetary authority with some responsibility…

Q: Consider the following game: p 2,10 0,5 5,2 0,5 5,10 Which of the following is FALSE for the SPE of…

A:

Q: aken an industrial design course at Dubai Men's College to help prepare for this venture. The course…

A: Fixed cost = Rent + utilities + product equipment cost + advertising and promotion cost…

Q: (a) The International Monetary Fund (IMF) has responded to the coronavirus crisis with unprecedented…

A: COVID 19 stands for corona virus disease, and it emerged in 2019, so named as per the year…

Q: Evaluate the two alternatives A and B and decide the economic justified alternative using: Present…

A: Present worth method LRR Method:- Present value of A year investment cash flow annual salvage net…

Q: 2000 TABLE 3 a) Refer to Table 3. Suppose this firm is producing 1250 mousetraps and its average…

A: Profit is calculated with the help of Total revenue and total cost. Profit/Loss = TR -TC

Q: 5. The CES function f defined for K > 0, L > 0, by f(K, L) = A(6K-P+ (1-6) L-P) - 7, where A> 0, p =…

A: Given production function A(δK-ρ+(1-δ)L-ρ)-1ρ Here K--- capital unitL--- Labor unit

Q: Suppose a closed economy has an intended investment of 100 and an aggregate consumption function…

A: Given information: C=250 + 0.75Yd -----> Consumption function I = 100 ------------> Investment…

Q: utility subject to the budget constraint it faces, i.e., max U = In C₁ +0.7 In C₂ such that C₁ + B₂…

A: Hi there , as per our guidelines we can only solve 1 question with maximum 3 sub parts at a time .…

Q: which of the following is sometimes referred to as a “sin tax”? 20) What are the functions of the…

A: Tax is levied by the government on an individual's or an companies in order to raise funds to…

Q: B). Draw the supply curve with the slope of your choice (individual or market demand). Choose a…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: D. The marginal cost curve is always increasing due to the law of diminishing marginal returns. E.…

A: Statement D is true.

Q: Insurance Many renters choose to have their belongings insured against damage or theft. The amount…

A: a.Moktar's monthly insurance premium =$242/12=$20.17

Q: 4. Natasha works as a server in a restaurant. Last week she earned $460 in wages. Natasha enjoys…

A: Total amount= basic wages + tips= $460 + (460*80%)= $460 + 368= $828.

Q: Draw the following situations as a graph format: 1. The graph will have the price (P) on the y-axis…

A: The fact of externalities in production and consumption also direct to market failure. Externalities…

Q: (c) "Technology is changing our everyday lives at a faster rate every minute from artificial…

A: Foreign Direct Investment Foreign direct investments refer to the investment in the domestic country…

Q: 50-hp turbine pump was purchased for $2100. If the exponent in the cost-capacity equation has a…

A: Estimating costs is a very important economic activity and just like different economic activities,…

Q: of copies Foothill Bookstore can sell each week if it sets the price a when the price is set to $40…

A: *Answer:

Q: Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions:…

A: Real interest rate refers to the nominal interest rate which is adjusted for inflation. Nominal…

Q: Q. A country produces two goods: Food and cloth. Given the information below, please answers…

A: Capital constraint is a huge variable that mostly limits the improvement of little and medium-sized…

Q: 2. Changes in taxes The following graph shows the aggregate-demand curve. Shift the aggregate-demand…

A: The aggregate demand curve addresses the all out amount of all labor and products requested by the…

Q: The third game (shown below) is the same as the second, except that cheaters are penalized for their…

A: Above question is an example of extensive game -  There are two players : { A & B } Strategy set…

Q: One of the growers is excited by this advancement because now he can sell more crops, which he…

A: Elastic of  demand refers to the percentage change in quantity demanded due to the percentage change…

Q: Explain fully why the AD curve has a negative slope.

A: Demand for a good is defined as the amount of that good that consumers are willing and able to buy…

Q: Set-up: . Consider 2 countries: US and IT and a basket of commodities only comprising of food (F)…

A: Utility is the level of satisfaction that consumers or an individual receives from the use or…

Q: If iPad is considered a normal good, when income in Camarillo goes up, the effect on iPad in…

A: In a market, if a good is a normal good, it will have an inverse relationship with the price, and a…

Q: Covington Corporation purchased a vibratory finishing machine for $20,000 in year 0. The useful life…

A: The measure that depicts the current income stream of cash flows discounted at a specified rate of…

Q: Everlast Containers, a small retailer of quality urns, sells its product for $180. If Everlast…

A: Here, given information is, Selling price: $180 Mark-up: 35% of cost To find: Firm's product cost…

Q: Hand written plz If marginal revenue is -0.005x2+ 1392 and the cost per unit is 1.8, how much do…

A: Profits are the difference between the firm's income and its costs. Profits are determined by…

Q: Suppose the marginal benefit of a unit of a certain non-renewable resource is given by MB-100- 3Q.…

A: Marginal benefit is usually described as the certain value of the additional benefits which is…

Q: 1. in the 1919 the red scare in the United States led to government raids that uncovered large…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: (Figure: The Production Possibility Frontiers for Kansas and Wisconsin) Use Figure: The Production…

A: The production possibilities curve (PPC) is a graph that shows all of the different combinations of…

Q: Pick one of your items. You have been contacted by a customer in Alaska who wants to purchase…

A: Disclaimer :- since you asked multipart questions we will solve only 3 first subparts as per…

Q: Given the figure below, regulating the monopoly to guard against excessive profits and achieve the…

A: Market competition will not operate properly in the situation of a natural monopoly.

Q: Consider the following hypothetical firm that is normally producing 200 units of the product per…

A: Variable costs  are costs that extrade because the extent changes. Examples of variable costs are…

Q: What are the seveb major types of financial institutions as of today?

A: Financial Institutions  Financial institution refers to the institutes which provide the services…

Q: There are 100 workers in Pakistan, and each worker can produce either 10 shirts or 2 hats. There are…

A: The production-possibility curve in economics is a model that measures production efficiency based…

Q: When the Central Bank increases its discount rate, A. Monetary base increases B. monetary base…

A: money supply is the total stock of money held by public. money supply and monetary base have…

Q: Owner owns a pizza shop with a single employee. If employee works x hours, he can produce sqrt x…

A: total cost production includes fixed as well as variable cost . fixed cost are fixed irrespective at…

Q: 1. Fill in the table Number of Workers 1 23 4 5 6 7 8 9 10 Total, Average, and Marginal Product of a…

A: Average product is the per unit product of workers and marginal product is the additional output…

Q: 5) Use the table below to answer the following questions. Table 2 Taco Stans Pizza Sellers Firm Name…

A: The measure that depicts the way in which classification and differentiation of industries are done…

Q: consumption exports + - + selek wly b ob ou avocal to nude GDP

A: Gross domestic product is the total market value of goods and services produced domestically during…

Q: John Ring, argues that closing the country's borders to international trade will create employment.…

A:

Market Surplus and Shortage Analysis

In everyday language, a “surplus” indicates that there is an excess of something, while a “shortage” means that there is a scarcity of it. In economics, “market surplus” refers to the condition where the quantity of a certain good more available than what is required or “demanded” by the market. In the same way, a “market shortage” refers to the condition where the quantity of a certain good is less available than what is “demanded” by the market. If quantity in demand is written as Qd and quantity that is supplied is written as Qs, then, the condition Qs > Qd indicates market surplus and condition Qd > Qs indicates market shortage.