Deadweight Loss Given the following information: Qs = 2P P = Qs/2 QD= 180 - 4P...
|
Deadweight Loss |
|||||||||||||||||
|
Given the following information: |
|||||||||||||||||
|
Qs = 2P |
P = Qs/2 |
||||||||||||||||
|
QD= 180 - 4P |
P = (QD -180)/-4 |
AR = P = 45-.25Q |
TR = 45 - .25Q2 |
||||||||||||||
|
Hint: MC – supply curve |
MR = 45 - 5Q |
||||||||||||||||
|
Qs = supply Qd = demand |
|||||||||||||||||
|
|||||||||||||||||
consumer surplus producer surplus and total surplus? |
|||||||||||||||||
maximizing monopoly |
|||||||||||||||||
|
|||||||||||||||||
|
|||||||||||||||||
Homework Answers
Add Answer to:
Deadweight Loss
Given the following information:
Qs = 2P
P = Qs/2
QD= 180 - 4P...
Problem 1 Deadweight Loss Given the following information: Qs = 2P P = Qs/2 QD= 180...
Problem 1 Deadweight Loss Given the following information: Qs = 2P P = Qs/2 QD= 180 - 4P P = (QD -180)/-4 AR = P = 45-.25Q TR = 45 - .25Q2 MR = 45 - .5Q Hint: MC – supply curve MR = 45 - 5Q Qs = supply Qd = demand A) Using the above information, 1) Graph and calculate the price-output solution under competitive market assumptions. 2) How much is the consumer surplus producer surplus and...
Suppose the supply and demand for desks are given as follows. Qd = 600-2P Qs =...
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
1 Suppose the demand for shoes is given by: QD= 210 -2P. The supply of shoes...
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...
Suppose that supply and demand are given by the following equations: QD = 40 – 4P...
Suppose that supply and demand are given by the following equations: QD = 40 – 4P and QS = 2p – 2. In the above market, if a price floor of $8.50 was put into place, which of the following would result? A) A shortage of 10 units B) A surplus of 11 units C) Deadweight loss of at least $24 D) An increase in consumer surplus. Why is the Answer C?
Explain the impacts to the consumer surplus, producer surplus, and deadweight loss if the price floor...
Explain the impacts to the consumer surplus, producer surplus, and deadweight loss if the price floor is below the equilibrium price? w Market demand is given as Qd 100 - 2P and market supply is given as Qs = P + 10. The equilibrium price is $30 and the equilibrium quantity is 40 units. At a price ceiling of $19, calculate the deadweight loss. Answer:
Suppose the demand equation can be represent as QD = 100 -2P and the Supply equation...
Suppose the demand equation can be represent as QD = 100 -2P and the Supply equation can be represented as QS = -10 + P. a. Find the equilibrium price and quantity. b. At a price ceiling of $20, what is the QD and QS. What is the deadweight loss, consumer surplus and producer surplus amount?
Suppose market demand andmarket supply are given by Qd = 15 –4P and Qs = -3+2P...
Suppose market demand andmarket supply are given by Qd = 15 –4P and Qs = -3+2P What are the equilibrium quantity and price in this market? Show your work!!!
9. Define elasticity of demand. Suppose, the demand function is Qd = 180 – 2P and...
9. Define elasticity of demand. Suppose, the demand function is Qd = 180 – 2P and supply function is Qs = 5+0.5P. Calculate the price elasticity of demand and supply. Calculate also consumer’s surplus and producer’s surplus. 14. Refer to question no. 9. If the government arbitrarily set the price $80, calculate fictional gain or loss of the industry. Calculate also the deadweight loss, consumer’s surplus and producer’s surplus. 15. Refer to question no. 9. If the government arbitrarily set...
Market demand is given as QD = 220 – 4P. Market supply is given as QS...
Market demand is given as QD = 220 – 4P. Market supply is given as QS = 2P + 40. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What is a firm’s average total cost? 2. Describe what happens to output, price, and economic profit in the short run and in the long run in a competitive market following: a) An increase in demand. b) A decrease in demand. c) The adoption of a new technology that...
please show work Question 2 (14pt] Autarky and Open Economy In the domestic market for bicycles by Qs 2P-ycles in Isoland, demand is given by p 3000- 10P and supply is given Complete the following...
please show work
Question 2 (14pt] Autarky and Open Economy In the domestic market for bicycles by Qs 2P-ycles in Isoland, demand is given by p 3000- 10P and supply is given Complete the following table: is given economy is opened to international trade, the world price is $200 per bicycle. Open Economy Autarky Price Quantity Demanded Quantity Supplied Quantity Imported or Exported Consumer Surplus Producer Surplus Deadweight Loss
Question 2 (14pt] Autarky and Open Economy In the domestic market...
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
Explain the impacts to the consumer surplus, producer surplus, and deadweight loss if the price floor is below the equilibrium price? w Market demand is given as Qd 100 - 2P and market supply is given as Qs = P + 10. The equilibrium price is $30 and the equilibrium quantity is 40 units. At a price ceiling of $19, calculate the deadweight loss. Answer:
please show work
Question 2 (14pt] Autarky and Open Economy In the domestic market for bicycles by Qs 2P-ycles in Isoland, demand is given by p 3000- 10P and supply is given Complete the following table: is given economy is opened to international trade, the world price is $200 per bicycle. Open Economy Autarky Price Quantity Demanded Quantity Supplied Quantity Imported or Exported Consumer Surplus Producer Surplus Deadweight Loss
Question 2 (14pt] Autarky and Open Economy In the domestic market...
Most questions answered within 3 hours.
-
A sine wave signal is displayed on the screen of an
oscilloscope. 6 peak-to-peak divisions are...
asked 1 hour ago -
a
1500 kg car accelerates from 0 to 25 m / s in 21.0s. How much...
asked 2 hours ago -
Calculate the molarity of each of the following solutions:
(a) 30.5 g of ethanol (C2H5OH) in...
asked 2 hours ago -
1 Refer to the build-borrow-or-buy framework as a decision tree
for the Adidas company. Identify a...
asked 3 hours ago -
Problem 2: The Problem of Social Cost. A Rancher and Farmer live
side-by-side to each other....
asked 4 hours ago -
a uniform bar of weight 40N is 4 meter long. weights
on 60N and 100N are...
asked 4 hours ago -
Define Diet counceling? What are the
responsibilities of a counselor?
asked 6 hours ago -
Hey im just confused about how to put the ' A angle n' and ' S...
asked 6 hours ago -
A short essay about the WSJ article on Oreo versus Hydrox.
asked 6 hours ago -
##8. A program contains the following function definition:
##def cube(num):
##return num * num * num...
asked 6 hours ago -
find the value z of a standard Normal variable that satisfies
each of the given conditions....
asked 6 hours ago -
"banana".find('z')
Out[22]: -1
why is this -1
python 3.7
asked 6 hours ago