Question

7.5 7 6.5 5.5 5 4.5 4 3.5 3 2.5 2 1.5 0.5 Quantity (millions of 1 LO LO LO LO LO LO LO

12th attempt

See Hint

Calculate the deadweight loss associated with a price ceiling of $2.50
With deadweight loss you do not use units. Just input number up to two decimal places __________________________ ?
  blank.png   

0 0
Add a comment Improve this question Transcribed image text
Answer #1

When price ceiling of $2.50 is imposed. Then Qd= 5 million units and Qs = 12.50 million units.

DWL = $(0.5)(5-2.50)(8-5)million = $3.75 million

It is shown by the triangle area :

-Demand Quantity

Add a comment
Know the answer?
Add Answer to:
12th attempt See Hint Calculate the deadweight loss associated with a price ceiling of $2.50 With deadweight loss you d...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Assign the NMR peaks below DIRECTLY onto the paper, please!!!! The impurities are water at 2.19 p...

    Assign the NMR peaks below DIRECTLY onto the paper, please!!!! The impurities are water at 2.19 ppm and acetone at 1.6 ppm. So just ignore those peaks. The peaks for the aromatic Hydrogens can be grouped up to one (I believe they are the left most peaks at around 7 to 7.5 ppm. Given that please assign the rest of the hydrogens. We were unable to transcribe this imager2 30 25 20 15 10 9.0 8.5 8.0 7.5 7.0 6.5...

  • A variety of spectra for an organic compound with molecular formula C10H16O are presented below. The experimental accurate mass using (+) APCI source is 153.1280 u. The 1H, 13C, COSY, HSQC and HMBC NM...

    A variety of spectra for an organic compound with molecular formula C10H16O are presented below. The experimental accurate mass using (+) APCI source is 153.1280 u. The 1H, 13C, COSY, HSQC and HMBC NMR spectra are given in the following slides. Propose a structure for this unknown and answer or address the following questions or requirements: d. If there are still any questionable assignments, propose additional NMR experiments which would solve those questions and briefly explain specifically what correlations you...

  • 2. Tax Incidence: (8 points) Oil Market with Tax Supply w Tax 5.50 Supply Price ($...

    2. Tax Incidence: (8 points) Oil Market with Tax Supply w Tax 5.50 Supply Price ($ per gallon) Demand 0.00 O 0.5 1 1.5 6.5 7 7.5 8 2 2.5 3 3.5 4 4.5 5 5.5 6 Quantity (Gallons of oil, millions) a. What is the competitive equilibrium price and quantity without government intervention? b. What is the consumer surplus (measured in dollars) in this market when there is no government intervention? c. What is the producer surplus (measured in...

  • The following slides contain 1H and 13C-NMR spectra as well as GC/MS spectra for compound 2...

    The following slides contain 1H and 13C-NMR spectra as well as GC/MS spectra for compound 2 shown below. After analyzing the spectra, assign all proton and carbon NMR signals using the numbering given on the structure. Additionally, present your data in table form including chemical shift, integration, coupling pattern, and coupling constants (where possible). For mass spectral data, justify key fragmentations (those which are starred*) by proposing fragment structures. 5 96337 03828 047734 739073 23444 14703 3 8 9 2...

  • Table 6.3. Data Used to construct Figure 6.10 and 6.11. Hour Absorbance Cfu/ml 0.16 x 10 0.16 x 1...

    bacterial growth curve help whats wrong with each graph using the chart provided. Table 6.3. Data Used to construct Figure 6.10 and 6.11. Hour Absorbance Cfu/ml 0.16 x 10 0.16 x 10 0.16 x 10 0.16 x 10 0.78 x 10 1.98 x 10 2.53 x 10% 3.13 x 10% 4.38 x 10 5.97× 106 9.41 x 10 11.9 x 10 14.7 x 10 21.0× 106 22.0× 106 22.2 x 10% 0.01 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0...

  • Competitive market or monopoly for both drop down menus. 5. Monopoly outcome versus competition outcome Consider...

    Competitive market or monopoly for both drop down menus. 5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S MC) curves in the market for...

  • Our teacher said.....for this book Page286.... His Question is, calculate the three endpoints in page 286....

    Our teacher said.....for this book Page286.... His Question is, calculate the three endpoints in page 286. For the P.286, I take some pics.below.... We were unable to transcribe this image(3) Geochemical or charge-balance definition (8.38) where BC are base cations (principally Na+. K+. Ca2. Mg). and SA are strong acid anions (principally CI SO) Of course, the three definitions define essentially the same property of water, but each emphasizes a different aspect of alkalinity, respectively: () the way we measure...

  • for each spectra : calculate degree of unsaturation indicate what information is obtained from each signal...

    for each spectra : calculate degree of unsaturation indicate what information is obtained from each signal propose a structure ines New Roman Accentuat. Elevé 1 Noimal Soun-titre Titre Titre 1 re la mise en forme Style CgH1o02 Integration 2 2 3 11 10 9 8 7 6 3 2 1 PPm Anglais (Etats Unis) Links to search Références Publipostage Révision Aftichage Formal Actuεil tnsertion Mise en page AaBbCcl AaBbCcl AaBbCcl AaBbCeI Couper Times New Roman 12 Copier Accentuat.. Elevé Normal...

  • for each spectra : calculate degree of unsaturation indicate what information is obtained from each signal...

    for each spectra : calculate degree of unsaturation indicate what information is obtained from each signal propose a structure ines New Roman Accentuat. Elevé 1 Noimal Soun-titre Titre Titre 1 re la mise en forme Style CgH1o02 Integration 2 2 3 11 10 9 8 7 6 3 2 1 PPm Anglais (Etats Unis) Links to search Références Publipostage Révision Aftichage Formal Actuεil tnsertion Mise en page AaBbCcl AaBbCcl AaBbCcl AaBbCeI Couper Times New Roman 12 Copier Accentuat.. Elevé Normal...

  • summatize the following info and break them into differeng key points. write them in yojr own...

    summatize the following info and break them into differeng key points. write them in yojr own words   apartus 6.1 Introduction—The design of a successful hot box appa- ratus is influenced by many factors. Before beginning the design of an apparatus meeting this standard, the designer shall review the discussion on the limitations and accuracy, Section 13, discussions of the energy flows in a hot box, Annex A2, the metering box wall loss flow, Annex A3, and flanking loss, Annex...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT