Calculate market equilibrium price and quantity

Assignment Help Business Economics
Reference no: EM133133752

Market demand for Dell Computers is P= 1500 - 3Q and market supply is P= 100 + 2Q.

A) Calculate market equilibrium price and quantity

B) Calculate consumer and producer surplus at equilibrium

C) Calculate the effects of imposing a $50/unit sales tax in this market.

Reference no: EM133133752

Questions Cloud

What is the key fundamental difference between npv and irr : Question - What is the key fundamental difference between NPV and IRR? Why do we generally target an IRR of zero at the minimum
Lesson plan for integrated english language development : Create a lesson plan for integrated English language development (ELD) instruction that integrates ELLs' cultural values and beliefs.
Agreed price between parents and the house seller : Your parents just decided to buy the house of their dreams. The agreed price between your parents and the house seller was $200,000.
What body position is a stop-time rendering of the motion : What body position is a "stop-time rendering of the motion of the body traveling from one point to the next" for Thompson?
Calculate market equilibrium price and quantity : Market demand for Dell Computers is P= 1500 - 3Q and market supply is P= 100 + 2Q.
Prepare a flexible budget for the possible changes : The company expects that production may differ by an increase or decrease of 1,000 products. Prepare a flexible budget for the possible changes in production
Why gdp is an effective measure of living standards : Explain why GDP is an effective measure of living standards? Discuss how quality-of-life measures may be determined and measured?
How do the factor markets and the role they play affects : How do the factor markets and the role they play affects the operating room
Differential between ireland and the eurozone : In 1999-2000 the annual inflation rate in Ireland was estimated to be 4.5-5%, which was higher than the average inflation rate of 2.5-3% in the Eurozone.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd