How can i calculate consumer's surplus and seller's surplus in this graph above?
I'm so confused cuz it has "kink" on the market demand curve.
Homework Answers
Nothig to be done for kinked work in graph but if we calculate mathematically , it will effect .
Add Answer to:
How can i calculate consumer's surplus and seller's surplus in
this graph above?
I'm so confused...
2. On the first graph, show the initial consumer's surplus. On the second graph show how...
2. On the first graph, show the initial consumer's surplus. On the second graph show how consumer's surplus changes when price decreases. On the third graph, show how consumer's surplus changes when the demand increases. Price Demand Demand Demand 0 Quantity
Can someone help me figure out the formulas or how to graph, I'm really confused I...
Can someone help me figure out
the formulas or how to graph, I'm really confused I took
Microeconomics online it was a huge mistake I'm falling behind ever
week. Thank you in advance, I appreaciate any homework help you can
give me.
UUU IVIL AFC TVC AVC TC ATC MC Q TFC 1200 200 VC 120 100 85 190... 180... 170.... 160..... 150... 140 130.... .120..... 110... SHA. 1009 60 95 110 125 19 20 140 155 1 2 3...
The graph is the result of our data formed by R Studio. I'm confused with the...
The graph is the result of our data formed by R Studio. I'm
confused with the meaning of p and t values.
Our hypothesis: predation drives the size of galls.
Prediction: Higher survival rate of larvae will be found in the
smaller galls.
So how can I explain the result (emphasize the meaning of p and
t value in the graph)
た-3.42 P = 0.001 Dead Alive Larval fate
Please so work so I can use as study reference. Thank you :) 3) A competitive...
Please so work so I can use as study reference. Thank you :)
3) A competitive market has the inverse demand curve P 1000-25QP and the industry supply curve P 150+ 2505 a) Calculate the equilibrium price and quantity b) Sketch the S and D diagram. Label the axes, the curves, the equilibrium, and the vertical c) Calculate consumer surplus and producer surplus in equilibrium
I’m so confused on this one because none of the answers make sense to me. I...
I’m so confused on this one because none of the answers make
sense to me. I don’t understand how the equilibrium would decrease
if the mortgage decreased and interest rate increased. Do supply
and demand both shift or does just one shift? PLEASE GO INTO
DEPTH.
1.) Assume that you are examining the housing market. In recent months, the equilibrium quantity of free-standing homes (not rental apartments) has decreased. Over the same period, the cost of materials used to build...
Hi! I'm very confused with this and I think I'm on the right track with how...
Hi! I'm very confused with this and I think I'm on the right
track with how to solve this question,but I'm really lost
Can you please right out how you did this with a small
explanation. Also please circle your answers.
Thank you all
1. Consumer Surplus Question (10 points) The buyers side of the market for laser tag tickets...
1. Consumer Surplus Question (10 points) The buyers side of the market for laser tag tickets consists of two types of consumers who demand curves are shown below. 18 12 Price ($/ticket) Price ($/ticket) 24 48 Tickets/yr Tickets/yr a. Graph the market demand curve on the graph below. Label everything (use units of 4 for the x-axis so it fits). Hint: It is helpful to determine the equations of the lines using y=mx+b for each so you can plug in...
Consumer's Surplus A consumer has the utility function U(, y)v) where is the good in concern...
Consumer's Surplus A consumer has the utility function U(, y)v) where is the good in concern ail y is the money that can be spent on all other goods (so the price of y is normalized to be 1). The income of - this consumer is 100. Bi Pr X10 (In(x)y) (10%) Derive the demand function of z for this consumer. (10%) Calculate the price elasticity of the demand function in (b) Is it true that the absolute value of...
Angie has 12 cookies, and a marginal value curve described by P = 45 - 3Qa,...
Angie has 12 cookies, and a marginal value curve described by P
= 45 - 3Qa, while Benny has zero cookies, and a marginal value
curve described by P = 44 - 2Qb.
Important!!)) I don't know how to get
consumer surplus and seller surplus when kink exists.
e.g)
2. Refer to the equations of Question 1. Assume Angie and Benny are the only two people in the cookie market. a) Write down the market demand function(s) and market supply...
I need help understanding how to graph the inverse functions. I have you all th steps but it's pa...
I need help understanding how to graph the inverse functions. I
have you all th steps but it's part C i dont get. I dont know how
to translate the informstion into the graph so cpuld you please
shoe me step by step.
3. (25 points) The market demand function for corn is Q'(P) 5-2P and the market supply function for corn is Q(P)5P 6, where both quantities are measured in billions of bushels per year (a) (5 points) Calculate...
2. On the first graph, show the initial consumer's surplus. On the second graph show how consumer's surplus changes when price decreases. On the third graph, show how consumer's surplus changes when the demand increases. Price Demand Demand Demand 0 Quantity
Can someone help me figure out
the formulas or how to graph, I'm really confused I took
Microeconomics online it was a huge mistake I'm falling behind ever
week. Thank you in advance, I appreaciate any homework help you can
give me.
UUU IVIL AFC TVC AVC TC ATC MC Q TFC 1200 200 VC 120 100 85 190... 180... 170.... 160..... 150... 140 130.... .120..... 110... SHA. 1009 60 95 110 125 19 20 140 155 1 2 3...
The graph is the result of our data formed by R Studio. I'm
confused with the meaning of p and t values.
Our hypothesis: predation drives the size of galls.
Prediction: Higher survival rate of larvae will be found in the
smaller galls.
So how can I explain the result (emphasize the meaning of p and
t value in the graph)
た-3.42 P = 0.001 Dead Alive Larval fate
Please so work so I can use as study reference. Thank you :)
3) A competitive market has the inverse demand curve P 1000-25QP and the industry supply curve P 150+ 2505 a) Calculate the equilibrium price and quantity b) Sketch the S and D diagram. Label the axes, the curves, the equilibrium, and the vertical c) Calculate consumer surplus and producer surplus in equilibrium
I’m so confused on this one because none of the answers make
sense to me. I don’t understand how the equilibrium would decrease
if the mortgage decreased and interest rate increased. Do supply
and demand both shift or does just one shift? PLEASE GO INTO
DEPTH.
1.) Assume that you are examining the housing market. In recent months, the equilibrium quantity of free-standing homes (not rental apartments) has decreased. Over the same period, the cost of materials used to build...
Hi! I'm very confused with this and I think I'm on the right
track with how to solve this question,but I'm really lost
Can you please right out how you did this with a small
explanation. Also please circle your answers.
Thank you all
1. Consumer Surplus Question (10 points) The buyers side of the market for laser tag tickets consists of two types of consumers who demand curves are shown below. 18 12 Price ($/ticket) Price ($/ticket) 24 48 Tickets/yr Tickets/yr a. Graph the market demand curve on the graph below. Label everything (use units of 4 for the x-axis so it fits). Hint: It is helpful to determine the equations of the lines using y=mx+b for each so you can plug in...
Consumer's Surplus A consumer has the utility function U(, y)v) where is the good in concern ail y is the money that can be spent on all other goods (so the price of y is normalized to be 1). The income of - this consumer is 100. Bi Pr X10 (In(x)y) (10%) Derive the demand function of z for this consumer. (10%) Calculate the price elasticity of the demand function in (b) Is it true that the absolute value of...
Angie has 12 cookies, and a marginal value curve described by P
= 45 - 3Qa, while Benny has zero cookies, and a marginal value
curve described by P = 44 - 2Qb.
Important!!)) I don't know how to get
consumer surplus and seller surplus when kink exists.
e.g)
2. Refer to the equations of Question 1. Assume Angie and Benny are the only two people in the cookie market. a) Write down the market demand function(s) and market supply...
I need help understanding how to graph the inverse functions. I
have you all th steps but it's part C i dont get. I dont know how
to translate the informstion into the graph so cpuld you please
shoe me step by step.
3. (25 points) The market demand function for corn is Q'(P) 5-2P and the market supply function for corn is Q(P)5P 6, where both quantities are measured in billions of bushels per year (a) (5 points) Calculate...
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