Homework Answers
Answer- If there is a price ceiling of $30, there is a excess demand or shortage of 450 pairs of sunglasses. When the price ceiling set below the equilibrium price, the quantity demanded will exceed quantity supplied and excess demand and shortage will result.
Excess demand = 750 - 300
= 450
S 90 Price ($) 60 30 D 0 150 300 450 600 750 Q Sunglasses The...
S 90 Price ($) 60 30 D 0 150 300 450 600 750 Q Sunglasses The market for sunglasses is in equilibrium at a price of quantity of sunglasses. __and a $90; 300 $30; 600 $60; 450 $30; 300
o (MPa) 750 If the yield strength of aluminium alloy (450 MPa) that is used for...
o (MPa) 750 If the yield strength of aluminium alloy (450 MPa) that is used for making aircraft parts increases to 600 MPa after strain hardening, find B F 600 ofy = 450 parallel 300 150 a) the Elastic modulus and b) the modulus of resilience both before and after strain hardening. 0 C D € (mm/mm) 0.01 0.02 0.03 0.04 0.006 0.023 COC y Eoc=plastic strain
Figure 6-15 15 30 45 60 75 90 105 Q Refer to Figure 6-15. For a...
Figure 6-15 15 30 45 60 75 90 105 Q Refer to Figure 6-15. For a price ceiling to be binding in this market, it would have to be set at 10 a. any price below $3. O b. a price between $2 and $3. O c. a price between $3 and $4. O d. any price above $3.
Question 28 2 pts Price Variable Quantity Fixed Cost Cost $92 $110 $450 $90 $125 $450...
Question 28 2 pts Price Variable Quantity Fixed Cost Cost $92 $110 $450 $90 $125 $450 $88 $140 $450 $86 $156 $450 Based on the information in this table, what is MC at Q = 6? (Enter only the answer value, exclude MC = just enter the number.) D Question 29 2 pts $125 Variable Price Quantity Fixed Cost Cost $92 $110 $450 $90 $450 $88 $140 $450 $86 $156 $450 Based on the information in this table, what is...
Given: Graph below - 120 60 30 30 60 90 120 150 180 210 240 270...
Given: Graph below - 120 60 30 30 60 90 120 150 180 210 240 270 300 330 360 390 1. State: domain and range x and y intercepts max and min values and where they occur period amplitude axis of symmetry values of a, k, d, and c for the sine function 2. Describe how this graph is related to the base function y=sin x by referring to horizontal and vertical shifts, amplitude, compressions or expansions, reflection.
QUESTION 1 Price della per jacket 0 100 150 200 250 300 350 400 Quantity thousands...
QUESTION 1 Price della per jacket 0 100 150 200 250 300 350 400 Quantity thousands of jackets The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of 5100 in the market for winterjackets. What is the size of the jacket shortege created by this price ceiling? Your answer should be in thousands e pul 500, not 500,000). QUESTION 2 Wage rate solars per hour 0...
8) 8) If the quantity of sunglasses supplied is represented by the equation O .-60 +...
8) 8) If the quantity of sunglasses supplied is represented by the equation O .-60 + 4P then the corresponding price of sunglasses is represented by the equation A) P - 150$240 B) P=0.250$ +15. C) P=OS - 7.5. D) P = 12 -0.40%. Table 4-6 Demand P = 80-OD QD80- P Supply P=50 +1/2 OS -2P - 100 S 9) Refer to Table 4-6. The equations above describe the demand and supply for Chef Emnie's Sushi-on-a-Stick. What are the...
Price $30 25 20 15 10 D 0 150 Quantity 50 250 In a competitive market...
Price $30 25 20 15 10 D 0 150 Quantity 50 250 In a competitive market illustrated by the diagram above, a price ceiling of $l- per unit will result in Select one .a. a surplus of f.. units O b. a surplus of fo. units .c. a shortage ofro. units d. a shortage of r.. units Refer to the provided figure. If box A represents households, B the product market, and C businesses, and if flow (F) represents revenues,...
Question 3 The graph below represents the market for rental housing in a small town. 600...
Question 3 The graph below represents the market for rental housing in a small town. 600 450 300 150 0 10 20 30 40 Quantily thousonds (a) What are the equilibrium rent and quantity of housing rented? (2pts) Now consider a rent ceiling set at $600/month: (b) What would be the rent paid? Explain. (4pts) (c) Calculate the shortage of rental housing units. (4pts) Now consider a rent ceiling set at $300/month: (d) How many housing units would be rented?...
Question 20 FC ($) VC (5) MC (5) Quantity of flowers 100 200 300 400 500 600 60 90 10.4 180 10.7 17. What is the mar...
Question 20
FC ($) VC (5) MC (5) Quantity of flowers 100 200 300 400 500 600 60 90 10.4 180 10.7 17. What is the marginal cost of producing a flower as output increases from 100 to 2007 a. $0.25 b. $0.55 C. $25 d. $50 18. What is the total cost of producing 600 flowers? a. $220 b. $240 C. $250 d. $270 19. If the market equilibrium price of flowers is $0.40, what number of flowers will...
S 90 Price ($) 60 30 D 0 150 300 450 600 750 Q Sunglasses The market for sunglasses is in equilibrium at a price of quantity of sunglasses. __and a $90; 300 $30; 600 $60; 450 $30; 300
o (MPa) 750 If the yield strength of aluminium alloy (450 MPa) that is used for making aircraft parts increases to 600 MPa after strain hardening, find B F 600 ofy = 450 parallel 300 150 a) the Elastic modulus and b) the modulus of resilience both before and after strain hardening. 0 C D € (mm/mm) 0.01 0.02 0.03 0.04 0.006 0.023 COC y Eoc=plastic strain
Figure 6-15 15 30 45 60 75 90 105 Q Refer to Figure 6-15. For a price ceiling to be binding in this market, it would have to be set at 10 a. any price below $3. O b. a price between $2 and $3. O c. a price between $3 and $4. O d. any price above $3.
Question 28 2 pts Price Variable Quantity Fixed Cost Cost $92 $110 $450 $90 $125 $450 $88 $140 $450 $86 $156 $450 Based on the information in this table, what is MC at Q = 6? (Enter only the answer value, exclude MC = just enter the number.) D Question 29 2 pts $125 Variable Price Quantity Fixed Cost Cost $92 $110 $450 $90 $450 $88 $140 $450 $86 $156 $450 Based on the information in this table, what is...
Given: Graph below - 120 60 30 30 60 90 120 150 180 210 240 270 300 330 360 390 1. State: domain and range x and y intercepts max and min values and where they occur period amplitude axis of symmetry values of a, k, d, and c for the sine function 2. Describe how this graph is related to the base function y=sin x by referring to horizontal and vertical shifts, amplitude, compressions or expansions, reflection.
QUESTION 1 Price della per jacket 0 100 150 200 250 300 350 400 Quantity thousands of jackets The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of 5100 in the market for winterjackets. What is the size of the jacket shortege created by this price ceiling? Your answer should be in thousands e pul 500, not 500,000). QUESTION 2 Wage rate solars per hour 0...
8) 8) If the quantity of sunglasses supplied is represented by the equation O .-60 + 4P then the corresponding price of sunglasses is represented by the equation A) P - 150$240 B) P=0.250$ +15. C) P=OS - 7.5. D) P = 12 -0.40%. Table 4-6 Demand P = 80-OD QD80- P Supply P=50 +1/2 OS -2P - 100 S 9) Refer to Table 4-6. The equations above describe the demand and supply for Chef Emnie's Sushi-on-a-Stick. What are the...
Price $30 25 20 15 10 D 0 150 Quantity 50 250 In a competitive market illustrated by the diagram above, a price ceiling of $l- per unit will result in Select one .a. a surplus of f.. units O b. a surplus of fo. units .c. a shortage ofro. units d. a shortage of r.. units Refer to the provided figure. If box A represents households, B the product market, and C businesses, and if flow (F) represents revenues,...
Question 3 The graph below represents the market for rental housing in a small town. 600 450 300 150 0 10 20 30 40 Quantily thousonds (a) What are the equilibrium rent and quantity of housing rented? (2pts) Now consider a rent ceiling set at $600/month: (b) What would be the rent paid? Explain. (4pts) (c) Calculate the shortage of rental housing units. (4pts) Now consider a rent ceiling set at $300/month: (d) How many housing units would be rented?...
Question 20
FC ($) VC (5) MC (5) Quantity of flowers 100 200 300 400 500 600 60 90 10.4 180 10.7 17. What is the marginal cost of producing a flower as output increases from 100 to 2007 a. $0.25 b. $0.55 C. $25 d. $50 18. What is the total cost of producing 600 flowers? a. $220 b. $240 C. $250 d. $270 19. If the market equilibrium price of flowers is $0.40, what number of flowers will...
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