Elucidate the actual cost

Assignment Help Business Economics
Reference no: EM137843

Q. If the demand curve for wheat in the United States is P=12.4 - Q_D where is the P is the farm price of wheat (in dollars per bushel) and Q_D is the quantity of wheat demanded (in billions of bushels), also in the United States (US) supply curve for wheat is P= -2.6 + 2Q_S where Q_s is the quantity of wheat supplied (in billions of bushels), Elucidate the equilibrium cost of wheat? Elucidate how much the equilibrium quantity of wheat sold? Elucidate the actual cost which is equal to the equilibrium cost? Why or why not?

Reference no: EM137843

Questions Cloud

Impacts on currency markets : Impacts on currency markets and on economic conditions within the country and globally.
Determine an initial volume of the gas : A spring with spring constant 12.5 hangs from the ceiling. A 400 ball is attached to spring and allowed to come to rest. It is after that pulled down 6.80 and released. What is the time constant if the ball's amplitude has decreased to 3.90 after 57...
Requirement in secondary market for gasoline falls : Illustrate that there are any extra costs or benefits due to this shift.
Find the explanatory variable in this study : The researchers planned to use simple linear regression to see if the age at which a baby was first able to crawl could be predicted from the average outdoor temperature six months after each baby's birthdate.
Elucidate the actual cost : Elucidate how much the equilibrium quantity of wheat sold. Elucidate the actual cost which is equal to the equilibrium cost.
Find out an electric potential difference va - vb : An alpha particle (m = 6.7 ´ 10-27 kg, q = +3.2 ´ 10-19 C) has a speed of 20 km/s at point A and moves to point B where it momentarily stops. Only electric forces act on the particle throughout this motion. Find out an electric potential difference V..
Actual price in this market : If the actual price in this market were below the equilibrium price, what would drive the market toward the equilibrium.
What is the speed of truck : A meterstick is at rest in an inertial frame S2. If S2 moves with a speed of 0.7c with respect to a rest frame S1, find the length of the meterstick as measured in frame S1 according to classical physics. Reply in units of m.
Goods and services should be included in fredonia : Examine the following list of goods and services. Which goods and services should be included in Fredonia GDP in 2009, which should be excluded, and why.

Reviews

Write a Review

Business Economics Questions & Answers

  How us economy may be affected

The US government could not pass its annual budget. As a result, the US government has partially shut-down: roughly about 800000 federal employees of non-essential services are out of work

  Citys utility maximizing population

Compute the resulting utility if the population were on million higher and one million lower than the optimum.

  Reserve requirements of top commercial banks

The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market

  Profit-maximizing strategy to the board of directors

Board of directors has directed you to choose an output level that maximizes the firm's profit. You have an incentive to maximize profits because your job and salary depend on the profit performance of this company.

  Rent out to wheat farmers

Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.

  How many popsicles will be sold-supplied

How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day

  Technological change leads to the development

A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.

  Marginal product of labor in the rc model

What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.

  Securities in the market

Shadow Bank 411 buys $3 million more securities in the market and "pays" for them with its account at Bank 411. Bank 411 borrows $3 million more as a first response.

  Binomial random variable

Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.

  Considering political disposition

Considering political disposition as an axis of product differentiation does vertical or horizontal differentiation best categorize it.

  Varied making expenditures

The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.

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