User Account

All Pages

Calculate the equilibrium price and quantity of kittens

Assignment Help Business Economics
Reference no: EM132593325

Suppose the market for kittens adoption centre can be described by the following equations:

Demand equation: Qd = 100 - 20P

Supply equation: Qs = 130 + 2P

Calculate the equilibrium price (P) and quantity (Q) of kittens. Remember that a negative price of kittens is not allowed. How many kittens will be adopted by humans and how many will be "strays?"

Reference no: EM132593325

Questions Cloud

How does impact us companies in general : How does impact U.S. companies in general or a specific company that you've work for?Select "Financial Statement Reporting Under Regulation S-X"
Number of units monopolist should produce at plant : A multi-plant monopolist faces the inverse demand P = 30-Q. The first plant has a marginal cost of MC1 = 2Q1 and the second plant has a marginal cost of MC2 = 2
Relationship between service improvements and profitability : Why is it difficult for many organizations to understand the relationship between service improvements and profitability?
Find the optimal value of x : Find the optimal value of X Is this a maximum or minimum point? Explain.
Calculate the equilibrium price and quantity of kittens : Suppose the market for kittens adoption centre can be described by the following equations:
External environment of organization : The external environment of an organization comprises of all the entities that exist outside its boundary but have significant influence on its growth
Why the supply curve of the trucking industry is kinked : Show in a chart with proper labels, how the supply curve of the Canadian trucking industry reacts to different economic cycles?
Marketing excellence-bmw case study : Examine and apply the consumer-buying process for BMW. Identify the steps and the application to BMW. How does this process assist the marketing team at BMW?
Compute what will be effect on profit of accepting order : On the other hand, the company in China is willing to pay only $140 per unit. What will be the effect on profit of accepting the order?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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