Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consumer surplus
Consider figure, which is reproduced below.
a) What is the total willingness to pay for 30 wolves of person 1 according to this figure?
(i) Compute an approximation using "blocks" of 10 wolves (ii) Compute an exact value by finding the total area under person 1's demand curve (iii) How big was the error in the approximation of part (i)?
b) What is the exact total willingness to pay for 20 wolves for person 1 and 2 together?
(i) First, answer this question by computing the individual total willingness to pay for each person, then adding them up
(ii) Second, answer the question by directly using the total demand curve to compute total willingness to pay
(iii) Do you get the same answer in (i) and (ii)?
why can the distinction between fixed costs and variable costs be made in the short run? classify the following as
An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping demand and upward sloping supply would raise the equilibrium price. a exactly $1.00 per gallon.
1. what are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th
problemsa. compare and contrast the following types of economic evaluation and provide an example of each a cost of
1.how do you know that the firm represented in the graph above is a purely competitive firm?2.to maximize profits this
If the marginal propensity to consume equals 0.75, a $6,000,000 increase in government purchases will result in what increase to total output, assuming no crowding-out effect exists? A. $4,500,000 B. $6,000,000 C. $8,000,000 D. $24,000,000 E. $1,50..
write a three to four 3-4 page paper that addresses the questions below.debate whether or not economics apply to health
by outsourcing overseas a company can reduce costs but must also take certain risks. global supply chains are exposed
Assume the standard deviation is $3,730 and that debt amounts are normally distributed or what is the probability that the debt for a randomly selected borrower with good credit is more than $18,000?
choosenbspannbspindustrynbspinnbspwhichnbsptwonbspornbspmorenbspcompaniesnbsphasnbsphistoricallynbspcompetednbsptonbspma
discuss how the traits of ethical leaders and the influence of the group affect moral responsibility. provide an
if you have the utility function uxy min3x y 4y. where x is measured on the horizontal axis and y is on the vertical
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd