Price (dollars per pair of gloves) 25 20 15 10 5 S = MSC D=MSB 0 1 2 3 4 5 Quantity (thousands of gloves per day) In the above figure, if the production of gloves was restricted to 2,000 a day, then the deadweight loss would equal $10,000. $2,000. O $20,000 O $5,000.
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- if you will be given a chance to do business, would you merge with another company to have a more significant market share? Yes/No/Why? !-please provide non-plagiarized answerSuppose that sales revenue (S) depends upon the quantity of advertising (A), in a relationship estimated as: S= 14 + 16A-2A2 Task: how many unit of advertising should be undertaken to maximize sales?35. Assuming a $7 per unit tax is imposed, the total welfare loss to both sellers and buyers will be $______. a) 10 b) 12 c) 14 d) 16 e) 19 f) 28 g) 36 h) 48 i) 66 j) 70 k) 84
- Please explain how to find answer. 44. Refer to Figure 7-3. What is the value of the deadweight loss as a result of the quota? ANSWER: 5.25M 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.Refer to Figure 8-2. The per-unit burden of the tax on sellers is a) $3. b) $9 c)2 d)$8iven the following demand and supply functions Qd = 220−5P Qs = −20+3P if a per unit tax of 8 is imposed on the commodity, i. 1860 2575 i.determine the equilibrium price and quantity before the imposition of the tax. ii. Determine the equilibrium price and quantity after the imposition of the tax. iii. compare the results in (i) and (ii). error_outlineHomework solutions you need when you need them. Subscribe now.arrow_forward Question Asked Sep 2, 2020 1 views Given the following demand and supply functions Qd = 220−5P Qs = −20+3P if a per unit tax of 8 is imposed on the commodity, i. 1860 2575 i.determine the equilibrium price and quantity before the imposition of the tax. ii. Determine the equilibrium price and quantity after the imposition of the tax. iii. compare the results in (i) and (ii). iv. graph the results in (i) and (ii). Please I need solution for only iv Thank you
- 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 taxlf a monopolist can find buyers for 23 units at a price of $800, and if the marginal revenue due to the 24th unit is $560, the highest price at which the monopolist can find buyers for 24 units must be:Select one:O a. 780O b. 785Oc. 790 O d. 794Oe. 798A firm produces two products (A and B) jointly. Every time a unit of A is produced, a unit of B is also produced as a byproduct. The demand functions for A and B are: QA = 3000 - 20PA QB = 1000 - 10PB Assuming that disposal is costless, determine the number of units of A and B that the firm should produce, the number of units of A and B that the firm should sell, and the price that should be charged for each of the products if the firm's marginal cost of producing a unit of joint output is: (i) MC = 70 + 0.30Q (ii) MC = 10 + 0.04Q 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
- Sharp Inc., a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin. The company has branches in all the regions in Ghana with its head office located at Cape Coast. It employs 1,200 people and pays an average of GHȼ 550.00 as income tax to the government of Ghana on a monthly basis. Suppose that seven thousand, eight hundred and twenty (7,820) units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is eight thousand (8,000) units. Ceteris Paribus, a GHȼ 20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units, respectively. [Hint: change in X due to change in Y is given as ]. Given the above information: a) Determine the equilibrium price and equilibrium quantities of Quin . b) Suppose the Government of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHs 4.50 on each Quin produced. Compute the new equilibrium price and quantities of Quin. c)…The pipeline industry has approximately 100 companies, as compared to the motorcarrier industry with more than 50,000. What are the underlying economic causes forthis difference, given the fact that they both carry approximately the same volume ofintercity ton-miles?Jetson Manufacturing has manufacturing operations in the United States, Germany, Indonesia, and Brazil. Jetson Manufacturing is an example of a(n) international affiliate. distribution center. international company. state-owned corporation.