industry supply and demand are given by QD=900-2P and QS=3P
17. Demand and Supply curves can be represented by: Qd = 90-2P; and Qs = 3P. Using the same Demand and Supply curves that can be represented by: Qd = 90-2P; and Qs = 3P. Producer Surplus is: $486 $243 $118 $900
18. Demand and Supply curves can be represented by: Qd = 90-2P; and Qs = 3P. Using the same Demand and Supply curves that can be represented by: Qd = 90-2P; and Qs = 3P. Consumer Surplus is: $1944 $342 $729 $486
Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What is each firm’s profit?
Suppose market demand and supply are given by Qd-300 - 4P and QS 50 3P. The equilibrium price is: Multiple Choice $35 $40 $50 $60.
16 . Demand and Supply curves can be represented by: Qd = 90-2P; and Qs = 3P. Calculate the equilibrium price and quantity: P = $18; and Q = 54 P = $90; and Q = 45 P = $30; and Q = 54 P = $30; and Q = 30
Given the following market equations: Supply: Qs 0+2p Demand: Qd 86 2p Solve for the equilibrium price s(round your caiculation to the nearest penny)
The market demand and supply is described by the following equations QD = 250 - 2P QS 3P 1) Find the market equilibrium. 2) What is the CS, PS, and W in this market? 3) Assume that the government introduces a equilibrium? price ceiling of p = 15. What is the new 4) Find the change in CS, PS, and W. Is there Dead Weight Loss? if so, of how much? 5) What does this tell you about the welfare...
1 Suppose the demand for shoes is given by: QD= 210 -2P. The supply of shoes is given by: QS= 9P -120. Calculate the Gains from Trade (also known as Economic Surplus) that would exist in this market in a competitive equilibrium. 2 Suppose the demand for jackets was given by: QD= 140 -0.4P. The supply of jackets is given by: QS= 4P -80. Suppose the price was $49 per jacket. Calculate whether there is a surplus or shortage of...
1. Given the demand function Qd = -3P +40 and the supply function Qs = 4P, mathematically determine the amount of total revenue this firm will make when it sells it’s good at market price.
Suppose the supply and demand for desks are given as follows. Qd = 600-2P Qs = 4P Which type of price control at P=200 will create a deadweight loss? O Price Floor O Price Ceiling Price Floor or Ceiling - Qs = 4p Qo = 600-21 Price 30 + Supply tou Demand Price D 400 QK 300 + 200 507 200 460 Demand Qty