Homework Answers
Due to presence of HOMEWORKLIB POLICY, I am answering 4 questions.
19.
Ans: (A).
Explanation: Without subsidy, supply and demand curves intersect at (42, 50).
20.
Ans: (C)
Explanation: With subsidy, supply and demand curves intersect at (50, 40).
21.
Ans: (A)
Explanation: Consumer surplus before subsidy = 0.5 (100 - 50)(42) = 1050
23.
Ans: (D)
Explanation: Producer surplus before subsidy = 0.5(50 - 10)(42) = 840.
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Figure 2: A Subsidy 19. What is the initial market price and quantity, before the subsidy...
Help with an explanation would be amazing! Figure 2: A Subsidy Price 8 8 8 Quantity 19. What is the initial market...
Help with an explanation would be amazing!
Figure 2: A Subsidy Price 8 8 8 Quantity 19. What is the initial market price and quantity, before the subsidy is enacted? (A) p* = 50, q* = 42 40,q* = 42 (C) p* = 40,q* = 50 (D) p* = 50, q* = 50 | | 20. What is the market price and quantity, with the subsidy enacted? (A) p* = 50, q* = 42 (B) p* = 40,q* = 42...
Figure 2: A SubsidyQuantityPrice42504050DEMANDSUPPLYSUPPLY100(With subsidy)1019.What is the initial market price and quantity, before the subsidy...
Figure 2: A SubsidyQuantityPrice42504050DEMANDSUPPLYSUPPLY100(With
subsidy)1019.What is the initial market price and quantity, before
the subsidy is enacted?(A)p∗= 50,q∗= 42(B)p∗= 40,q∗= 42(C)p∗=
40,q∗= 50(D)p∗= 50,q∗= 5020.What is the market price and quantity,
with the subsidy enacted?(A)p∗= 50,q∗= 42(B)p∗= 40,q∗= 42(C)p∗=
40,q∗= 50(D)p∗= 50,q∗= 507
Figure 2: A Subsidy Price SUPPLY SUPPLY (With subsidy) DEMAND 42 50 Quantity 19. What is the initial market price and quantity, before the subsidy is enacted? (A) p* = 50, q* = 42 (B) p*...
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A $30 per unit production subsidy would cost how much to
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$30,000
$24,000
$27,000
$26,500
A $30 per unit production tax would generate how much tax
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$30,000
$24,000
$27,000
$26,500
A $30 per unit subsidy given to the producer would result in what
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$20
$10
$40
$30
A $30 per unit tax on the producers would result in what new
market price for consumers?
$60
$50
$70
$55
How much consumer surplus is...
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Help with an explanation would be amazing!
Figure 2: A Subsidy Price 8 8 8 Quantity 19. What is the initial market price and quantity, before the subsidy is enacted? (A) p* = 50, q* = 42 40,q* = 42 (C) p* = 40,q* = 50 (D) p* = 50, q* = 50 | | 20. What is the market price and quantity, with the subsidy enacted? (A) p* = 50, q* = 42 (B) p* = 40,q* = 42...
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5. Consider the following $10 subsidy for producers. Figure 3: A Per-Unit Subsidy of $10 Price SUPPLY SUPPLY (With subsidy) ~ DEMAND 30 40 Quantity (a) What is the Producer Surplus under the subsidy? (5%) (b) What is the subsidy's Deadweight Loss? (5%) (c) What would the Total Surplus be under a free market? (5%)
Illustrate graphically the economic effects of an export
subsidy of 15% if the world price is 90. Compute the producer
surplus. Numbers 8-10 please.
Price of Jet (millions Quantity of jets demanded Quantity of jets supplied 140 120 110 100 90 80 70 60 50 40 1200 1000 900 800 700 600 500 400 300 200 100 150 200 250 300 350 400 450 500 600 20 Draw the market supply and demand curves. What are the equilibrium price and...
QUESTION 3 Figure Price Supply P K I P" P B M N Demand Quantity Refer to Figure. If the government imposes a tax size of P- P" in the above market then the area L+M+Y represents a. consumer surplus after the tax. producer surplus after the tax. Cconsumer surplus before the tax. producer surplus before the tax. QUESTION 4 4 point Figure Supply Dennd Quantity Q1 02 Q3 Q Qs Refer to Figure. If the government impose a tax...
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A $30 per unit production subsidy would cost how much to
taxpayers?
$30,000
$24,000
$27,000
$26,500
A $30 per unit production tax would generate how much tax
revenue?
$30,000
$24,000
$27,000
$26,500
A $30 per unit subsidy given to the producer would result in what
new market price for consumers?
$20
$10
$40
$30
A $30 per unit tax on the producers would result in what new
market price for consumers?
$60
$50
$70
$55
How much consumer surplus is...
Need help with question 9 please!!!!!
Quantity of jets demanded Quantity of jets supplied Price of Jet (millions) 140 120 110 100 90 80 70 60 50 40 20 100 150 200 250 300 350 400 450 500 600 1200 1000 900 800 700 600 500 400 300 200 0 2 2Z 2oo Irot unnly and demand curves. What are the equilibriumprice and Illustrate graphically the economic effects ofan $90. Compute the producer surplus. PsH6。Q-400 8 export subsidy of 15%...
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