Complete the column labeled market

Assignment Help Microeconomics
Reference no: EM131576049

Question - Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). The table below shows the quantities of peaches supplied in each state at each price.

Individual and Market Supply of Peaches


Quantity of Peaches Supplied (pounds)

Price (dollars per pound)

GA

SC

Market

10

20,000

18,000


8

16,000

15,000


6

12,000

12,000


4

8,000

9,000


2

4,000

6,000


a. Complete the column labeled "Market."

b. The quantity of peaches supplied to the market at a price of $6 per pound is pounds.

Reference no: EM131576049

Questions Cloud

Identify and discuss six values about life and success : Identify and discuss six values about life and success that you vividly recall learning from your family.
Optimal architecture from the perspective of security : Discuss what factors go into deciding what makes up the optimal architecture from the perspective of security, cost, complexity, maintenance capability.
What measures of adequacy do you plan to assess : Your boss gives you the following mission: "We've been using brainstorming a long time now. I need you to evaluate what we've been doing."
Company stock value changes due-ordinary dividend payments : A company’s stock value changes due to: Capital Budgeting is an important management function because. Ordinary dividend payments are:.
Complete the column labeled market : Imagine that the market supply of peaches comes from Georgia (GA) and South Carolina (SC). Complete the column labeled Market
Occurrence of unsafe acts : Explain how to reduce the occurrence of unsafe acts on the part of your employees.
Evaluating web sources and identifying the audience : Checking the claims of a politician who used the sources in his or her proposed bill
Why as debt increases eventually the wacc will increase : explain why as debt increases (in capital structure), eventually the WACC will increase (despite the fact debt is usually lower cost component cost of capital).
How could i get wdm to function more like bdm : Take a few moments to bring to mind managers with whom you have worked over the years. Which of those managers do you consider to have been the best decision.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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