User Account

All Pages

Competitive model predicts

Assignment Help Business Economics
Reference no: EM132026982

The market for an agricultural product is modelled by the following Demand and Supply Curves:

Demand: Qd = 800 - 30P

Supply: Qs = 20P - 100

Where Q is quantity measured in tons, and P is the Price $ per ton

The government decides to provide producers with a subsidy of $4 per ton.

The competitive model predicts that, as a result of the subsidy, the equilibrium market price will fall by?

Reference no: EM132026982

Questions Cloud

What experiments for which you might want lower alpha level : Researchers routinely choose an alpha level of 0.05 for testing their hypotheses. What are some experiments for which you might want a lower alpha level.
Pat and patricia refinanced the mortgage on their home : Pat and Patricia refinanced the mortgage on their home last year and made their first payment on October 30 of last year. They have a $200,000
When the crop is growing you receive a warning : When the crop is growing you receive a warning from the government that a new disease has been found in some farms in the country
The cost flow assumption used to value inventory : Cost of goods sold is affected by the cost flow assumption used to value inventory. But, it includes many other items.
Competitive model predicts : The competitive model predicts that, as a result of the subsidy, the equilibrium market price will fall by?
Who holds formal and informal authority : Who holds formal and informal authority? How many layers of management are there between the frontline and the highest office-holders of the organization?
Builder enters into signed written contract with owner : Builder enters into a signed written contract with Owner. The contract provides that Builder will build a sun room on Owner's house.
Four-year project to improve its production efficiency : Warmack Machine Shop is considering a four-year project to improve its production efficiency.
Why is it important to cite your sources in written works : Why is it important to cite your sources in written works? What are the benefits of following a formal citation style like APA?

Reviews

Write a Review

Business Economics Questions & Answers

  Graph shows the daily market for jeans

Suppose the government institutes a tax of $11.60 per pair, to be paid by the seller.

  What is equilibrium wage rate and hours worked

Assume that Robert is willing to work for 40 hours per week no matter what is the wage rate, so his labor supply curve is vertical at 40 hours. The demand curve for Robert is given by the equation: W = 120 – H, where W is the hourly wage rate and H i..

  Total interest would have been paid by end of month three

Suppose that the initial loan of $20,000 and interest rate 1.2% per month. Interest due is paid at end of each month. $10,000 of the original unpaid balance is to be repaid at the end of month two and three only. How much total interest would have be..

  What factors determine effectiveness of five-step process

To counteract an economic contraction, the Federal Reserve (the Fed) often attempts to stimulate the economy by reducing interest rates. Describe the five-step process that starts with an increase in the money supply and ends with an increase in GDP...

  Discuss the various aspects of expenditure in budget

HI5003 Economics for Business. Australian Budget in May for 2014. Discuss the various aspects of expenditure and revenue in the budget. Comment on various stakeholders' reaction to this budget like Businesses, Consumers, Employees, Social welfare..

  What is the banks current reserve ratio

Spartan Town Bank is the only bank in town when it comes to borrowing or depositing. You may also assume it’s the only bank in the economy. Initially, it holds $4000 worth of checking (or demand) deposits, $1000 of reserves, and $3000 of loans. Const..

  Production is concentrated into a few firms

Most members of labor unions work in the public sector, industries that are regulated, or industries in which production is concentrated into a few firms.

  Demand-supply are given in perfectly competitive market

Suppose market demand and supply are given in a perfectly competitive market for bushels of wheat by: Determine the equilibrium price and quantity. Show the equilibrium graphically. How much of the tax do the producers pay per unit? With the $30 tax ..

  Level of output at which marginal revenue equals zero

For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at which

  Explain how effects of rent control are very noticeable

Explain how effects of rent control are very noticeable to the public in the short run, because the primary effects of rent control occur very quickly.

  Quantity theory of money

QUESTION 1: According to the quantity theory of money, the quantity of money determines the

  Costs and benefits of inflation reduction

Suppose a country has had a high and relatively stable inflation rate for a long time. How might this affect the costs and benefits of inflation reduction?

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