Refer to the figure below. What is total surplus area? 18 16 14 12 10 8 6 4 2 S1 5 10 15 20 25 30 35 40 45 O$105 O $420 $210
QUESTION 1 Refer to the figure below. Producer surplus is 18 14 12 8 6 4 2 5 10 15 20 25 30 35 40 45 a. $60 b.$420 c. $180
Look at the graph provided below. Consumer surplus is: 18 16 14 12 10 8 6 4 2 St 5 10 15 20 25 30 35 40 45 and has an upward slope. D1 starts at approximately (0,16) and has a downward slope. The two lines cross at the point (30,14)) $60 $120 $30
TPrice 38 36 34 32 30 De 28 22 20 18 16 14 12 10 8 De D 80 120 160 200 240 280 320 360 400 440 480 520 560 Refer to Figure 9-5. With trade, consumer surplus is a. $3,240. O b. $6,480. c. $6,760 O d. $13,520. 40
Figure 5-3 10 Demand 246 8 10 12 14 16 18 20 22 24 26 ity 10. Refer to Figure 5-3, a) Using the midpoint method what is the clalsticity of demand between point A and point B? b) Between point A and point B is demand elastic or inelastic?
H-35 20 8 10 12 5 10 20 10 7 4 15 4 25 8 7 4 582 10 7 697787 676 10 3 12 10 5 3 1 5357 2 FYNNN YYYYYY Y N N N N N N N N N N N c-25 19 22 20 22 31 21 18 24 20 28 23 29ー// 23 22 25 21 22 21 I- BMFFM F F M M M M M F F F F F F M...
Consider the following data on x and y shown in the table below, x 2 4 7 10 12 15 18 20 21 25 y 5 10 12 22 25 27 39 50 47 65 Fit the model E(y)=β0+β1x to the data, and plot the residuals versus x for the model on Minitab. Do you detect any trends? If so, what does the pattern suggest about the model?
P (S) 16 15 6 8 10 12 14 16 18 20 22 7 9 11 13 15 17 19 21 (Thous) Figure 2 4. Figure 2 represents the market for T-shirts in Krugmania, a small country. Assume that there is free trade with the rest of the world (ROW). The world price of a T-shirt is S10 a.Draw the supply and demand diagram for Krug mania's domestic market with trade. Label the relevant prices and quantities, e.g., the domestic...
18. (Figure: Increasing Costs) Price $40 Firm 1 30 MC AC 20 18 15 10 5 10 15 20 25 30 35 40 45 50 Quantity Firm 2 Price $40 30 MC AC 20 18 15 10 2 4 6 8 10 12 14 16 18 20 Quantity Refer to the figure. If an industry consists of two firms, Firm l and Firm 2, as shown in the diagram, the industry's quantity supplied at a price of S15 is industry's...
Output MWTP MC 1 20 5 2 18 6 3 16 7 4 14 8 5 12 9 6 10 11 7 8 15 8 6 21 9 4 30 10 2 40 1. The values for MWTP and MC are given belohli a. Graph these curves and find equilibrium. b. label consumer and producer surplus. c. Show that any other level [Q] the net social bei!!! Why?