Homework Answers
The total surplus is the sum of the consumer and producer surplus. The consumer surplus is the area below the demand curve and above the price line. The producer surplus is the area above supply curve and below price line.
Consumer surplus with trade.
Producer surplus with trade.
.
Total surplus
Ans: c). 
NB: The numbers are difficult to get , i can only get a close number.
Figure 9-5 The figure illustrates the market for tricycles in a country I Price &%83&* Domestic...
Figure 9-5 The figure illustrates the market for tricycles in a country I Price &%83&* Domestic Supply B World price a Domesta Demand 40 80 120 100 200 240 250 320 30 400 440 480 320 100 600 g N Refer to Figure 9-5. With trade, total surplus is O a. $3,240 O . 56,480 0 287,760 +++ + NAGB +++++++++ Refer to Figure 9-5. With trade, total surplus is O a. $3,240. O b. $6,480 O c. $7,760. O...
TPrice 38 36 34 32 30 De 28 22 20 18 16 14 12 10 8...
TPrice 38 36 34 32 30 De 28 22 20 18 16 14 12 10 8 De D 80 120 160 200 240 280 320 360 400 440 480 520 560 Refer to Figure 9-5. With trade, consumer surplus is a. $3,240. O b. $6,480. c. $6,760 O d. $13,520. 40
anw please thx T Price Domestic Supply ++ ++++ XBXXXXXXXX ++++++++++++++++ +++++++++++ World price Domestic s...
anw please
thx
T Price Domestic Supply ++ ++++ XBXXXXXXXX ++++++++++++++++ +++++++++++ World price Domestic s Demand L + + + + + + + + + + + + + + + + + 40 + 80 + 120 + 160 200 + 240 + 280 + 320 360 + 400 + 440 + 480 + 520 + 560 + 600 + + Quantity N Refer to Figure 9-5. With trade, the price of tricycles in this country is...
(10 pts.) Table 3. Domestic demand and supply schedules for automobiles in Denmark and Japan. Denmark...
(10 pts.) Table 3. Domestic demand and supply schedules for automobiles in Denmark and Japan. Denmark Japan Quantity Quantity Price Quantity Quantity demanded supplied demanded supplied | $10,000 280 0 560 400 $20,000 240 0 520 440 $30,000 200 40 480 480 $40,000 160 80 440 520 $50,000 120 120 400 560 $60,000 160 600 80 | 360 Consider Table 3. Suppose that Japan and Denmark only trade with each other Assumir here are no transportation costs and no trade...
Karen will donate up to $480 to charity. The money will be divided between two charities:...
Karen will donate up to $480 to charity. The money will be divided between two charities: the City Youth Fund and the Educational Growth Foundation. Karen would like the amount donated to the Educational Growth Foundation to be at least four times the amount donated to the City Youth Fund. Let x denote the amount of money (in dollars) donated to the City Youth Fund. Let y denote the amount of money (in dollars) donated to the Educational Growth Foundation....
PYTHON CODE: Write a program that uses a while loop to examine every integer from 999...
PYTHON CODE: Write a program that uses a while loop to examine every integer from 999 down to zero and generate the exact same output as shown blow. The range function is not required. NOTE: you must use a while loop. Required Output 960 920 880 840 800 760 720 680 640 600 560 520 480 440 400 360 320 280 240 200 160 120 80 40
Consider the Sudanese market for tangerines The following graph shows the domestic demand and domestic supply...
Consider the Sudanese market for tangerines The following graph shows the domestic demand and domestic supply curves for tangerines in Sudan. Suppose Sudan's government currently does not allow international trade in tangerines Use the black point (plus symbol) to indicate the equilibrium price of a ton of tangerines and the equilibrium quantity of tangerines in Sudan in the absence of international trade. Then, use the green triangle (triangle symbol) to shade the area representing consumer surplus in equilibrium. Finally, use...
(Gallons) (Dollars per gallon) (Dollars) 0 36 0 40 33 1,320 2.400 80 30 120 27...
(Gallons) (Dollars per gallon) (Dollars) 0 36 0 40 33 1,320 2.400 80 30 120 27 3,240 3,840 160 24 200 21 4,200 240 18 4,320 280 15 4,200 320 12 3,840 360 9 3.240 400 6 2.400 440 3 1.320 480 0 0 Refer to Table 17.1. Suppose the town enacts new antitrust laws that prohibit Celia and Venya from operating as a monopoly. How many gallons of water will be produced and sold once Celia and Venya reach...
Figure 1 Price ($I X 2 Pricewodd+tariff Price World Domes PriceWorld tariff Price World Domestic 0...
Figure 1 Price ($I X 2 Pricewodd+tariff Price World Domes PriceWorld tariff Price World Domestic 0 20 40 60 80 100 120 340 160 180 200 220 240 260 Quantity Figure 1 depicts the demand and supply curves of t-shirts in a hypothetical small country (Northland). Consider Figure 1. W free trade. Northlands producer Surplus and consumer surplus respectively equal 520.54400 55.5240 55. 5220 $20 52420 550054500
Imagine a small town in which only two residents, Celia and Venya, own wells that produce...
Imagine a small town in which only two residents, Celia and Venya, own wells that produce safe drinking water. Each week Celia and Venya work together to decide how many gallons of water to pump. They bring the water to town and sell it at whatever price the market will bear. To keep things simple, suppose that Celia and Venya can pump as much water as they want without cost so that the marginal cost of water equals zero. The...
Figure 9-5 The figure illustrates the market for tricycles in a country I Price &%83&* Domestic Supply B World price a Domesta Demand 40 80 120 100 200 240 250 320 30 400 440 480 320 100 600 g N Refer to Figure 9-5. With trade, total surplus is O a. $3,240 O . 56,480 0 287,760 +++ + NAGB +++++++++ Refer to Figure 9-5. With trade, total surplus is O a. $3,240. O b. $6,480 O c. $7,760. O...
TPrice 38 36 34 32 30 De 28 22 20 18 16 14 12 10 8 De D 80 120 160 200 240 280 320 360 400 440 480 520 560 Refer to Figure 9-5. With trade, consumer surplus is a. $3,240. O b. $6,480. c. $6,760 O d. $13,520. 40
anw please
thx
T Price Domestic Supply ++ ++++ XBXXXXXXXX ++++++++++++++++ +++++++++++ World price Domestic s Demand L + + + + + + + + + + + + + + + + + 40 + 80 + 120 + 160 200 + 240 + 280 + 320 360 + 400 + 440 + 480 + 520 + 560 + 600 + + Quantity N Refer to Figure 9-5. With trade, the price of tricycles in this country is...
(10 pts.) Table 3. Domestic demand and supply schedules for automobiles in Denmark and Japan. Denmark Japan Quantity Quantity Price Quantity Quantity demanded supplied demanded supplied | $10,000 280 0 560 400 $20,000 240 0 520 440 $30,000 200 40 480 480 $40,000 160 80 440 520 $50,000 120 120 400 560 $60,000 160 600 80 | 360 Consider Table 3. Suppose that Japan and Denmark only trade with each other Assumir here are no transportation costs and no trade...
Karen will donate up to $480 to charity. The money will be divided between two charities: the City Youth Fund and the Educational Growth Foundation. Karen would like the amount donated to the Educational Growth Foundation to be at least four times the amount donated to the City Youth Fund. Let x denote the amount of money (in dollars) donated to the City Youth Fund. Let y denote the amount of money (in dollars) donated to the Educational Growth Foundation....
Consider the Sudanese market for tangerines The following graph shows the domestic demand and domestic supply curves for tangerines in Sudan. Suppose Sudan's government currently does not allow international trade in tangerines Use the black point (plus symbol) to indicate the equilibrium price of a ton of tangerines and the equilibrium quantity of tangerines in Sudan in the absence of international trade. Then, use the green triangle (triangle symbol) to shade the area representing consumer surplus in equilibrium. Finally, use...
(Gallons) (Dollars per gallon) (Dollars) 0 36 0 40 33 1,320 2.400 80 30 120 27 3,240 3,840 160 24 200 21 4,200 240 18 4,320 280 15 4,200 320 12 3,840 360 9 3.240 400 6 2.400 440 3 1.320 480 0 0 Refer to Table 17.1. Suppose the town enacts new antitrust laws that prohibit Celia and Venya from operating as a monopoly. How many gallons of water will be produced and sold once Celia and Venya reach...
Figure 1 Price ($I X 2 Pricewodd+tariff Price World Domes PriceWorld tariff Price World Domestic 0 20 40 60 80 100 120 340 160 180 200 220 240 260 Quantity Figure 1 depicts the demand and supply curves of t-shirts in a hypothetical small country (Northland). Consider Figure 1. W free trade. Northlands producer Surplus and consumer surplus respectively equal 520.54400 55.5240 55. 5220 $20 52420 550054500
Imagine a small town in which only two residents, Celia and Venya, own wells that produce safe drinking water. Each week Celia and Venya work together to decide how many gallons of water to pump. They bring the water to town and sell it at whatever price the market will bear. To keep things simple, suppose that Celia and Venya can pump as much water as they want without cost so that the marginal cost of water equals zero. The...
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