Correct Answer:
D
Working note:
Producer surplus = (1/2)*(100-0)*50
Producer surplus = $2500
1 Price S 25 50 75 100 125 150 195 200 Duaxti Refer to Figure 7-11....
Figure 7-11 1 Price + + S + → 25 50 75 100 125 150 175 200 Quantity 58. Refer to Figure 7-11. If the supply curve is S and the demand curve shifts from D to D', what is the increase in producer surplus due to new producers entering the market? a. $625 b. $2,500 c. $3,125 d. $5,625 Ni baada
den P= -2at1(o r 20+20 Figure 2 TPrice 300 S 4a-140 215 250+ 10x35 225 200 175 CS- WIPzP 150 125 100 75 50 25 + D' Deaxtity 25 50 75 100 125 150 175 200 4. If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus? 15 point] 5. If the supply curve is S', the demand curve is D, and the equilibrium price is $150, what...
Figure 7-2 175 150 125 100 75 50 25 4. Refer to Figure 7-2. If the price of the good is $80, then consumer surplus amounts to a. $110. b.$135 c. $160. d. $185. 5. The quantity sold in a market will decrease if the government decreases a a. binding price floor in that market. b. binding price ceiling in that market. c. tax on the good sold in that market d. All of the above are correct.
Supply Price Demand 50 100 150 200 Quantity Refer to the diagram. A price of $20 in this market will result in a Select one: a. surplus of 50 units. b. shortage of 100 units. C. shortage of 50 units d. surplus of 100 units
No Spacing Heading1 Heading 2 Figure 1 25 50 75 100 125 150 175 200 225 250 Output 1. Figure 1 is the graph of a A. Price Takerl B. Price Searcher with low entry barriers C. Price Searcher with high entry barriers D. Could be either B or C 5 6 8 9 0
Supply $60- Price Demand 50 200 100 150 Quantity Refer to the diagram. A price of $20 in this market will result in a
* Question Completion Status: 1 Price 110 + 8 Supply 8 8 +- 8 Demand 8 40+ S89 + + - 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 Quantity Refer to Figure 7-22. At the equilibrium price, total surplus is a. $3,500 b. $7,000. c. $2,500. d. $1,000 Supply HT + + + + + + + + + Demand + + + + 2 + 3 + 4 +...
Supply Price Demand 50 100 150 200 Quantity Refer to the diagram. A price of $20 in this market will result in a
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.
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...