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.)
If the supply curve is q=2+2p, what is the producer surplus if the price is p=10?...
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.)
If the supply curve is q=2+2p, cid what is the producer surplus if the price is p= 12? Producer surplus (PS) equals (Enter your response as a whole number.)
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.)
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...
Suppose the supply curve is given by P = 10 + 3Q. How much producer surplus is generated at a price of 40? 200 150 250
Text Exercise 5.4 Question Help- Suppose that the demand curve for wheat is Q-100-10p and that the supply curve is Q 10p What are the effects of a subsidy (negative tax) of s2 per unit paid to producers on the equilbrium, govemment subsidy cost, consumer surplus (CS) producer surplus (PS), welfare (W), and deadweight loss (DWL? With the subsidy, the equilibrium price is $4 and the equilibrium quantity is 60 units (Enter your responses as whole numbers) The cost of...
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.
NEED HELP WITH THIS ASAP !!!! PLEASEEEEE Supply Curve & Producer Surplus (Profit). YS, $Cost $350 $250I $150 K M 0 2 4 6 8 10 12 14 16 18 Qs Use Supply (cost) curve graph above to answer Questions 1-4. 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....
Q=100,000-10,000P solve for the consumer surplus at the equilibrium price and quantity Demand: Let the Market Demand curve for soybeans be given by the following equation: Q=100,000 -10,000P where the quantity of soybeans in kilograms P = the price of soybeans in dollars per kilogram. Supply: Let the Market Supply curve for soybeans be given by the equation: Q=-5,000+ 5,000P 3) Consumer Surplus: The Consumer Surplus (CS) is the triangular area under the demand curve and above the equilibrium price....
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