P = 225 P = 50+ 3Qs How much is producers' surplus generated when this market operates in equilibrium? - 4Q D A) $937.50 B) $1,250 C) $2,500 D) $2,187.50 E) none of the above.
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- How do you derive the floor price that leads to a market surplus of 5 if the current market is described as: Qd = 6-(1/3)PQs = -2+(1/2)PVolkswagen’s reputation among car buyers was shattered when the public discovered it was cheating on its emissions checks. What happened to equilibrium prices and quantities in the market for Volkswagen after this scandal? The equilibrium priceAmerican Girl doll has an inverse demand curve of P- 150 0.25Q, where Q measures the quantity of dolls per day and P is the price per doll. The marginal cost is given by MC 10+0.50Q. What is the total surplus at the profit -maximizing output level? 1)$12,250Correct2) $144,0003)$18,1204)$4,500
- Q2. 1-New technology introduced which reduces cost of producing of hybrid cars. Graph pre-market equilibrium and post-market equilibrium. 2- Importance of elasticity in decision making for consumers and producers, explain your concept by plotting separate graphs.Q32 Let's assume we are referring to the Canadian market for Random Access Memory (RAM) storage. If the price of RAM increases: Multiple Choice total revenue for RAM producers will decrease if demand for RAM is price inelastic. the consumer surplus for Canadian consumer will decrease. consumers will buy more because RAM is an inferior good. the consumer surplus of Canadian will increase. total revenue for RAM producers will increase if demand for RAM is price elastic.Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure The burrito truck industry in the city is perfectly competitive. On any given evening, the market demand for burritos is given by Qp = 88 - P: where QD is the quantity of burritos demanded per evening, and p is the price of a burrito. Each burrito seller must pay $50 per day to rent a burrito truck. In addition, the cost of ingredients for each burrito is $3, regardless of how many burritos are sold. Given space constraints, each burrito truck is able to serve a maximum of 10 customers per evening. In a long-run equilibrium in the burrito industry, the number of sellers (burrito trucks) in the market every evening will be _____
- Q1. Suppose perfect competition prevails in the market for hotel rooms. The current market equilibrium price of a standard room is RM300 per night. C. Show the loss in net benefits from hotel use resulting from the tax.In 2008 a car manufacturer sold 10,000 units of its leading model at N10,000. After deducting operating costs, dealers’ costs and all other variable cost this produced a surplus of N4,000 on each unit sold. Due to the recession, sales slump in early 2009 and the marketing director advises a price cut of N2000, arguing that this makes sense because the Own Price Elasticity of demand is –1.5. Calculate the amount of surplus that would be generated by the manufacturer in 2009 if the marketing director is correct and her recommendation is accepted.If the current market price was $10, then Group of answer choices there would be a shortage of 600 units. there would be a surplus of 600 units. the market would be in equilibrium. there would be a surplus of 300 units. there would be a shortage of 300 units.
- We are given the market information of pizza as below: a)Define the market demand equation and supply equation. b)Estimate the consumers’ surplus, producers' surplus, and total market surplus5-5. Consider the market represented in the figure below. Calculate total surplus when demand is D1. Calculate total surplus when demand decreases to D2.Annual demand and supply for the Entronics company is given by: QD = 5,000 + 0.5 I + 0.2 A - 100P, and QS = -5000 + 100P where Q is the quantity per year, P is price, I is income per household, and A is advertising expenditure. If A = $10,000 and I = $25,000, what is the demand curve? Given the demand curve in part a., what is equilibrium price and quantity? If consumer incomes increase to $30,000, what will be the impact on equilibrium price and quantity?
