Suppose the supply curve is given by P = 10 + 3Q. How much producer surplus is generated at a price of 40?
200 |
|
150 |
|
250 |
Suppose the supply curve is given by P = 10 + 3Q. How much producer surplus...
1. Given supply curve: P-5Q; and demand curve: P- 150- Q А. Calculate the consumer surplus if this market is in competitive equilibrium. В. competitive equilibrium. What is the Total surplus if this market is in Calculate the producer surplus if this market is in С. competitive equilibrium. D. Suppose the market price is $75, calculate the producer, consumer, and total surplus.
If the supply curve is q=2+2p, what is the producer surplus if the price is p=10? Producer surplus (PS) equals _____ (Enter your response as a whole number.)
1. Given supply curve: P= 50; and demand curve: P= 150 - A. Calculate the consumer surplus if this market is in competitive equilibrium. B. Calculate the producer surplus if this market is in competitive equilibrium. c. What is the Total surplus if this market is in competitive equilibrium. D. Suppose the market price is $75, calculate the producer, consumer, and total surplus.
If the supply curve is q=4+2p. what is the producer surplus if the price is p=8? Producer surplus (PS) equals (Enter your response as a whole number.)
7. Producer surplus for an individual and a market Suppose the market for cheesecake is a perfectly competitive market-that is, sellers take the market price as given. Manuel owns a restaurant where he sells cheesecake. The following graph shows Manuel's weekly supply curve, represented by the orange line. Point A represents a point along his supply curve. The price of cheesecake is $3.00 per slice, as shown by the horizontal black line. Manuel's Weekly Supply 5.00 4.00 3.50 3.50 3.00...
If the supply curve is q 2+2p, what is the producer surplus if the price is p 14? Producer surplus (PS) equals $ (Enter your response as a whole number.)
The supply curve for T-shirts is given by the equation P = 8Q+2. The demand curve is given by the equation P =40-5Q. At a price to buyers of $20/shirt, 1)how much of a surplus or a shortage will there be? 2)At a price to buyers of $12/shirt, how much of a surplus or a shortage will there be? 3) Suppose that the government imposes a sales tax of $15 per T-shirt. What is the market price for the buyer?...
Suppose that a Supply curve is given by Qs = 38 + 3P, and P* = 99. What is the value of Producer Surplus?
Suppose the market supply curve in a competitive market is given by is Q = 2p- 10. At a price of $15, producer surplus equals 37.5 O 25. 12.50. 100
Suppose the market supply curve in a competitive market is given by is Q = 2p- 10. At a price of $15, producer surplus equals 37.5 O 25. 12.50. 100
Supply Curve & Producer Surplus Assume Price of Good is selling at: $350 each. 1. What is the seller’s optimal (best) quantity supplied, Qs? 2. What Area shows his net gain or Profit (Producer Surplus)? 3. What Area shows Total Revenue (P. x Q. Sold)? 4. What Area shows his Total Cost? 5. Number example of Profit: Nick will sell his custom-made "missile" balloons for a minimum cost of $100. The Price he is offered is $400. What is his...