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Recognize the major
factors considered in
deriving a final list
or quoted
the approximate
price level.
Step by step
Solved in 2 steps
- If demand and supply of Chinese coal areQd = 60 − 0.5PQs = −2 + 2P then, Calculate the gains to the consumer from the subsidy if the subsidy cost is 47.6Consider the information above. In equilibrium, what will the market price be? a) $20 b) $65 c) $80 d) $110 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 surea. Estimate the equlibrium price and quantity of the market whose demand and supply functionsare pd = −(q + 4)2 + 100 and ps = (q + 2)2respectively. b. If the region A (shaded grey) in the diagram above represents a solution set, derivethe system of inequalities which define that region.
- Identify the NonPrice determinants of demand in the dentistry field business (per factor) In the average income of consumers,size of the market, price and availability of related goods,preferences or taste,special influences and expectations about future economic conditionsGiven the following information Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quality supplied and P is the price. Seller's reservation priceA $3 per unit subsidy has been granted on a commodity. If the demand of that commodity is QD=99-1P and QS=3+2P. Calculate the equilibrium price(s) and quantity after the subsidy.
- Discuss the social and economic implications of subsidising the transportation industry.Identify the NonPrice determinants of supply in the dentistry field business. (per factor) In cost of production, number of suppliers, prices of goods and services, Taxes and subsidies and technologyIn this time of pandemic, the demand of some products increased rapidly. Give examples ofthese products where the demand increased. Did the supply correspond with the increasingdemand of these products? What solutions were made to satisfy the increasing demand of theseproducts?
- A company is considering building a bridge across ariver. The bridge would cost $2 million to build andnothing to maintain. The following table shows thecompany’s anticipated demand over the lifetime ofthe bridge:Price per CrossingNumber of Crossings,in Thousands$8 07 1006 2005 3004 4003 5002 6001 7000 800a. If the company were to build the bridge, whatwould be its profit-maximizing price? Would thatlevel of output be efficient? Why or why not?b. If the company is interested in maximizing profit,should it build the bridge? What would be itsprofit or loss?c. If the government were to build the bridge, whatprice should it charge?d. Should the government build the bridge?Explain.Market demand for Mandrake roots is given by Q-273-3P. The government of imposes a per unittax of $7 and consumers pay the tax. What is the highest market price of Mandrake at whichconsumers will buy at least 25 units?At the marketplace $8 per bushel.....please answer