User Account

All Pages

Consider a market characterized by the following inverse

Assignment Help Microeconomics
Reference no: EM13377693

Consider a market characterized by the following inverse demand and supply functions: PX = 50 - 4QX and PX = 10 + 2QX. Compute the surplus producers receive when a $30 per unit price floor is imposed on the market.
A $75.
B $25.
C $35.
D $50.

Reference no: EM13377693

Questions Cloud

The world price of zinc has increased to the point where : the world price of zinc has increased to the point where moth balled zinc mines in east tennessee have been reopened
A company produces an electronic timing switch that is used : a company produces an electronic timing switch that is used in consumer and commercial products. the fixed cost cf is
A night vision goggle manufacturer is evaluating a : a night vision goggle manufacturer is evaluating a make-versus-purchase situation for a component used in its
Suppose the equilibrium price in the market is 24 and the : suppose the equilibrium price in the market is 24 and the price elasticity of demand for the linear demand function at
Consider a market characterized by the following inverse : consider a market characterized by the following inverse demand and supply functions px 50 - 4qx and px 10 2qx.
In a competitive market the market demand is qd 400 - 5p : in a competitive market the market demand is qd 400 - 5p and the market supply is qs 10p - 80. a price ceiling of 32
An excise tax of 100 per gallon of gasoline placed on the : an excise tax of 1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping
The most recent studies of lifetime medical costs of : the most recent studies of lifetime medical costs of treating aids?ahave shown a significant increase in the estimates
An increase in the excise tax on alcoholawill have no : an increase in the excise tax on alcohol?awill have no effect on alcohol consumptionbwill generate minimal tax revenues

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!

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