Homework Answers
Answer - $60; 450
At equilibrium demand = supply
So from the graph we select the point where the both lines intersect i.e. where demand curve = supply curve
At that point we can see that P = $60 and Q= 450 sunglasses
S 90 Price ($) 60 30 D 0 150 Q 300 450 600 750 Sunglasses If...
S 90 Price ($) 60 30 D 0 150 Q 300 450 600 750 Sunglasses If there is a price ceiling of $30. there is a Select) of Select pairs of sunglasses.
Question 20 FC ($) 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...
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 (Dollars per ton of paper) Consider the market for paper. Suppose that a paper factory...
PRICE (Dollars per ton of paper) Consider the market for paper. Suppose that a paper factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of paper imposes a constant external cost of $450 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for paper. Use the purple points (diamond symbol) to plot the social cost curve when the...
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...
s has the following potential consumers Willingness to Pay $100 Name Alan Carlos$300 Grace $200 And...
s has the following potential consumers Willingness to Pay $100 Name Alan Carlos$300 Grace $200 And the following producers Name Haut Surf &Sailboards O'Neill Surf Shop Cost $600 $300 $400 Pacific Wave Surf Shop 1. What is the market-clearing (equilibrium) price? a. $450 b. $200 с.sso d $300 2. What is the market-clearing (equilibrium) quantity? d. 3 3. Suppose the government puts in place a price celling of $150. What would be the excess demand? d. 3
Chap 11 Practice: Costs, Profits and Profit Maximization Price Number of wortes given Total dudon Q...
Chap 11 Practice: Costs, Profits and Profit Maximization Price Number of wortes given Total dudon Q Total Revenue PQ War Revenue IMQ Tal Fed Costs TEC Tetable Cost TVC Total Costs TVC Au Varble Cont TV Are Maria Cost Coast 1000 1000 given C TC-TR 0 $80 1801 2 803 330 320 320 6 $ 0 $300 0 5300 N 2 3160 $80 3199 $150 $450 $ 3 525 $ $2.10 5 Shop 12033005300 6602 $60.120.50 $200 9 7200...300 $450...
D Question 23 2 pts Price Variable Quantity Fixed Cost Cost $92 $110 $450 $90 $125 $450 $88 $140 $450 $86 $45...
D Question 23 2 pts Price Variable Quantity Fixed Cost Cost $92 $110 $450 $90 $125 $450 $88 $140 $450 $86 $450 Based on the information in this table, what is profit at Q = 8? (Enter only the answer value, exclude Profit-, just enter the number.) 8 $156 / Question 24 2 pts / Cost Fixed Cost $92 Variable iod Cos Price Quantity $110 $450 $90 $125 $450 $140 $450 $86 $156 $450 Based on the information in this...
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
Price Quantity Demanded Quantity Supplied $20 2400 0 $30 2000 200 $40 1600 400 $50 1200 600 $60 800 800 $70 400 1000 $80...
Price Quantity Demanded Quantity Supplied $20 2400 0 $30 2000 200 $40 1600 400 $50 1200 600 $60 800 800 $70 400 1000 $80 0 1200 Refer to the above table. Suppose the government imposes a price floor of $30 on this market. What will be the size of the surplus in this market? A. 0 units B. 200 units C. 1800 units D. 2000 units
S 90 Price ($) 60 30 D 0 150 Q 300 450 600 750 Sunglasses If there is a price ceiling of $30. there is a Select) of Select pairs of sunglasses.
Question 20
FC ($) 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...
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 (Dollars per ton of paper) Consider the market for paper. Suppose that a paper factory dumps toxic waste into a nearby river, creating a negative externality for those living downstream from the factory. Producing an additional ton of paper imposes a constant external cost of $450 per ton. The following graph shows the demand (private value) curve and the supply (private cost) curve for paper. Use the purple points (diamond symbol) to plot the social cost curve when the...
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...
s has the following potential consumers Willingness to Pay $100 Name Alan Carlos$300 Grace $200 And the following producers Name Haut Surf &Sailboards O'Neill Surf Shop Cost $600 $300 $400 Pacific Wave Surf Shop 1. What is the market-clearing (equilibrium) price? a. $450 b. $200 с.sso d $300 2. What is the market-clearing (equilibrium) quantity? d. 3 3. Suppose the government puts in place a price celling of $150. What would be the excess demand? d. 3
Chap 11 Practice: Costs, Profits and Profit Maximization Price Number of wortes given Total dudon Q Total Revenue PQ War Revenue IMQ Tal Fed Costs TEC Tetable Cost TVC Total Costs TVC Au Varble Cont TV Are Maria Cost Coast 1000 1000 given C TC-TR 0 $80 1801 2 803 330 320 320 6 $ 0 $300 0 5300 N 2 3160 $80 3199 $150 $450 $ 3 525 $ $2.10 5 Shop 12033005300 6602 $60.120.50 $200 9 7200...300 $450...
D Question 23 2 pts Price Variable Quantity Fixed Cost Cost $92 $110 $450 $90 $125 $450 $88 $140 $450 $86 $450 Based on the information in this table, what is profit at Q = 8? (Enter only the answer value, exclude Profit-, just enter the number.) 8 $156 / Question 24 2 pts / Cost Fixed Cost $92 Variable iod Cos Price Quantity $110 $450 $90 $125 $450 $140 $450 $86 $156 $450 Based on the information in this...
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
Most questions answered within 3 hours.
-
In the US, family structures can vary depending on
culture. For example, Hispanic-Americans and Asian-Americans are...
asked 21 minutes ago -
Physicians are interested in the mean diastolic blood pressure
for the population of female diabetics between...
asked 25 minutes ago -
A solution of sodium thiosulfate,
Na2S2O3, is 0.7707 M. 7.42 mL of
this solution reacts with...
asked 36 minutes ago -
imagine that for the unimolecular reaction A ⟺ B, the value of Δ
G° is -0.89...
asked 28 minutes ago -
What are the two types of important types of risks in
International Finance which are seldom...
asked 35 minutes ago -
Consider the reaction that occurs when a solution of formic acid
is added to a solution...
asked 43 minutes ago -
How would you illustrate the central dogma of
molecular genetics as it applies to eukaryotes?
asked 52 minutes ago -
4. In a solicitation for the
production of survival rafts, the navy provided detailed design
specifications...
asked 42 minutes ago -
You have created a successful and expanding car was business ,
It is still organized as...
asked 51 minutes ago -
In the traditional Keynesian model, an increase in current
taxes
decreases both disposable income and consumption....
asked 51 minutes ago -
The body temperatures in degrees Fahrenheit of a sample of
adults in one small town are:...
asked 57 minutes ago -
You have just taken a job at a manufacturing company and have
discovered that they do...
asked 55 minutes ago