What is the maximum price that Ann is willing to pay? 20 Price 3 4 5...
if there is a $2 tax on sellers what is the quantity demanded? Price Quantity Demanded Quantity Supplied 5 600 200 6 500 300 7 400 400 8 300 500 9 200 600 10 100 700 300 400 500 200 what is the profit maximizing point? mr=mc p=mr p>atc P<atc What is the shutdown point? P=ATC P=AFC P=MR P=AVC If the price is $4 what is Beth's consumer surplus? Price 3 4 Quantity Demanded Ann Beth 30 25 25 20...
consumers want to do this: maximize savings maximize profit maximize utility maximize social welfare Jake has different consumption bundles he is choosing from that have the following total utilities. Which total utility does he prefer 125 150 75 ооо 100 A Moving to the next question prevents changes to this answer At a price of 5 what is the market demand? Quantity Demanded Ann Beth Price 3 Су 20 30 25 4 25 15 5 20 10 20 15 10...
Output Price Marginal Cost 100 7.50 0.50 200 7 1.50 300 6.50 2.50 400 6 3.50 500 5.50 5.50 600 5 6.50 Please consider the above data for a monopolist. At which output level does the monopolist maximize its profits (or minimize its losses)? At an output of 500 At an output of 400 At an output of 300 At an output of 200 At an output of 600 Part b: Output Price TR MR...
1) Suppose a perfectly competitive (price-taking) market is made up of 100 identical firms. Each firm individually has the following costs: Quantity 0 1 2 3 4 5 6 Total Cost 10 16 20 27 36 46 58 Also assume the market demand curve is: Q Demanded 600 500 400 300 200 100 0 Price 4 7 9 10 12 15 20 What is the equilibrium price in this market? Group of answer choices a $12 b $9...
Price Quantity demanded Quantity supplied 1 700 300 2 600 400 3 500 500 4 400 600 5 300 700 6 200 800 7 100 900 8 0 1000 Suppose that the production of good X generates external value of $3 per unit (due to lowering production of cost of another good Y) for the economy. What is the value of the appropriate corrective tax or subsidy? a) Subsidy - $3 b) Subsidy - $2 c) Tax - $3...
What happens if monopolist charges a price of $2? SMC Revenues and costs (dollars) ATC AVC MR. | LITIQ 0 100 200 800 300 400 500 600 700 Quantity
if this is considered a natural monopoly and the government sets the price to maximize efficiency, how many customers will it serve? Price, 21 Costs, 20 Marginal Revenue 18 16 14 13 12 11 10 9 8 7 6 5 4 ATC MC N MR 0 50 100 150 200 250 300 350 + 400 375 Quantity (number of customers)
Quantity Demanded Price 500 $3 400 $4 300 $ 5 200 $6 100 $7 Quantity Supplied 225 400 550 700 1000 On the table from the previous questions, the equilibrium price and quantity are: $3 and 500. $4 and 400. $7 and 100. O $25 and 1500
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%...
D Question 14 1 pts Figure 3.2 Price $40 30 20 10 100 200 300 400 500 600 700 800 Quantity According to the graph, at the equilibrium price O 400 units would be supplied and demanded. 600 units would be supplied, but only 200 would be demanded. O 200 units would be supplied and demanded. O 600 units would be supplied and demanded.