p = 80 - q and p = 59 +30 respectivily. f 90= 5 items are sold at the equlibirium price Po- 55. Determine the producer surplus under market equilibirium. PS = $83.33 %3D PS= $ 62.5 PS = $ 6187.5
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- It's a specialized market, so we'll just have to assume we have enough buyers and sellers to have our demand and supply curves be straight, smooth lines. The following information applies to the market before any tax is applied: Vertical intercept, demand curve: 600Vertical intercept, supply curve: 100P* = $300Q* = 50 Later, a tax is put on the market. The per-unit tax is $100, and it makes the price received by sellers fall to $260. With the tax, only 40 units are sold. (These numbers are not very realistic - but just go with it.) Carefully following all numeric instructions, calculate the price paid by buyers. Calculate market total surplus AFTER the tax is applied. Calculate producer surplus BEFORE the tax is applied. Calculate total market surplus BEFORE the tax is applied. Calculate DWL after the tax is applied.QD = 240 - 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price. Suppose the government decides to impose a tax of $12 per unit on sellers in this market. Determine: Total surplus after taxQd = 1,600 - 125P Qs = 440 + 165P Quantities are measured in millions of bushels; prices are measured in dollars per bushel. a. Calculate the equilibrium price and quantity that will prevail under a completely free market. b. Calculate the price elasticities of supply and demand at the equilibrium values. c. The government currently has a $4.50 bushel support price in place. What impact will this support price have on the market? Will the government be forced to purchase corn under a program that requires them to buy up any surpluses? If so, how much? 1四 "cause" causes
- qd = 240 - 3p, where q is the quantity demanded and p is the price. The supply curve is given by qs = p - 52.If a specific (or per-unit) tax of $20 is imposed on sellers, how much tax revenue does the government raise in this market? 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.Let the following demand and supply equations be respectively:D = 5p ́ ́-4p ́ + 11S = 6p ́ ́-2p ́ + 5p-4Find p (t) with the hypothesis that the market is in equilibrium with the conditionsinitials p (0) = 4 and p ́ (0) = 7A major South African city generates electricity and sells it to its consumers. The city faces competition from independentrenewable power producers who also have licences to sell electricity to the public. The city however has cost advantagesdue to its size, but it is concerned of the political and economic ramifications of raising its tariffs, in these uncertaineconomic times. As a result, it is highly likely that tariffs will remain unchanged over the next financial year. The city’smarginal revenue is given as R3 000, and its costs are given as follows:TC = R82 000 + R1 000 + 0.01q2 MCMC= R1 000 + R0.02q4.1 Assess the efficiency arguments in favour of and against the renewable energy generation in SouthAfrica
- Suppose that you buy a share of a CEF with a price of $24 and NAV of $30. This means that the CEF is trading at a 20.00% discount. Suppose that a few weeks later the price is $24 and the NAV is $36. As a result of this change, the discount has decressed/incressed.Suppose there are lemon (used) cars worth every price from ZMW1,000 to ZMW3000 to new owners, with each price equally likely. Further you expect that a car worth X to a new owner is worth 0.75X to its current owner. Suppose that there is a finite supply of cars at each price, while there is a much larger number of potential buyers (so the equilibrium price is the valuation of the potential buyer). Lastly assume that the quality of the car is unknown to potential buyers, due to information asymmetry. (a) Calculate the equilibrium price and average quality of cars sold. (b) Which cars are sold and which ones are not? (c) Is the equilibrium efficient?The fiduciary duties of partners in a general partnership require that they refrain from competing with the partnership business, but these duties do not apply if a general partnership makes an LLP election. Group of answer choices True False
- 1.The price p in dollars of a certain commodity and the quantity x sold obey the demand equation p= -1/5 + 200 where 0<=x <=1000. Suppose that the cost C in dollars of producing x units is C= the square root of x divided by 10 + 400. Assuming that all items produced are sold, find the cost of c as a function of the price p. 2. The value V of a vehicle is v(t)= 420,000(0.965)^t. What would be the car's worth in 2 years? In how many years would the car be worth $325,000?QD = 240 - 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price. Suppose that the government decides to impose a tax of $12 per unit on sellers in this market. Determine: Producer suprlus after taxSuppose demand and supply are given by Qd= 60 - P and Qs= 10P - 20. a. What are the equilibrium quantity and price in this market? b. Determine the quantity demanded, the quantity supplied and the magnitude of the surplus if a price floor of $50 is imposed on this market. c. Determine the quantity demanded, the quantity supplied and the magnitude of the shortage if a price floor of $29 is imposed on this market. Also determine the full economic price paid by consumers.
