User Account

All Pages

Equilibrium market price and quantity traded

Assignment Help Macroeconomics
Reference no: EM131104058

The U.S. Department of Agriculture has estimated (using statistical analysis) that the market for corn is characterized by a market demand given by QD = 200 - P, while the market supply is QS = 50 + 14 P.

Given this information, the equilibrium market price and quantity traded are:

  • P = $15, Q = 185.
  • P = $8, Q = 192.
  • P = $10, Q = 190.
  • None of the above.

Reference no: EM131104058

Questions Cloud

Past returns and of inflationary expectations : on the basis of analysis of past returns and of inflationary expectations,Marta Gomez feels that the expected return on stocks in general is 12 percent.
Who has priority to the collateral : Metro claims that at the time of its loan it was unaware of HFCs interest. Between these parties, who has priority to the collateral? Discuss your answer. This portion of your assignment should be 1/2-1 page in length.
Determining the backward induction : Assume that if a player is indifferent between accepting or rejecting a division, then the player always accepts the division. Using backward induction, the prediction is that
Develop a probability distribution : In Gallup's Annual Consumption Habits Poll, telephone interviews were conducted for a random sample of 1014 adults aged 18 and over. One of the questions was "How many cups of coffee, if any, do you drink on an average day?" The following table sh..
Equilibrium market price and quantity traded : The U.S. Department of Agriculture has estimated (using statistical analysis) that the market for corn is characterized by a market demand given by QD = 200 - P, while the market supply is QS = 50 + 14 P.
Under a perpetual system : Under a perpetual system, what is the purpose of the Cost of Goods Sold account?
Normal volume of medium pizzas in a week : Calculate the total contribution margin generated by the normal volume of medium pizzas in a week.
What is the purpose of the cost of goods sold account : What is the purpose of the Cost of Goods Sold account? (Assume a periodic inventory system.)
Develop a comprehensive checklist of everything amazon it : Develop a comprehensive checklist of everything Amazon®'s IT department should consider so IT is properly aligned to Amazon®'s business strategic plan.

Reviews

Write a Review

Macroeconomics Questions & Answers

  How do barriers to entry impact the level of competition in

how do barriers to entry impact the level of competition in a market? what might happen to market price as greater

  What is meant by a built-in stabilizer

Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate Explain what is meant by a built-in stabilizer and give two examples

  Find that consumers wont buy it because they dont like taste

A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find out that consumers won't buy it because they don't like the taste. From an economic prespective, the company should

  What effect a contractiory fiscal policy would have on price

Suppose we start at a position where we are at full employment. Explain what effect a contractiory fiscal policy would have on the price level and real GDP starting from full employment equilibrium. What would the effect be if we had and expansionary..

  Us government ultimately limit long run economic growth in

Through its policies and institutions, how has the US influence US long run economic growth? Why might persistently large borrowing by the US government ultimately limit long run economic growth in the future?

  John piderit the general manager of the western tool

john piderit the general manager of the western tool company is considering introducing some new tools to the companys

  Calculate the monopoly price

Two company face a demand equation given by: P=200,000-6(q1+q2) where q1 and q2 are the outputs of the two firms. The total cost equations for the two company's are given by:

  Value in and of themselves

What are objects that have value in and of themselves and that are also used as money

  What theory of profit best reflects performance of plasma

The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers Answer risk-bearing theory of profit dynamic equi..

  What are comparable real salaries

What are comparable real salaries? A job paid $57,000 in 2002. The CPI in 1960 was 29.6, compared to 179.9 in 2002. In 1960, what salary would be comparable to 2002's $57,000 in real terms?

  Consider a small open economy that uses peso as a national

7.Consider a small open economy that uses peso as a national currency and allows it to float against foreign currencies. Suppose that the price level includes the peso prices of domestic goods and the peso equivalent of the dollar prices of imp..

  Lower average cost of production

1. A firm has a lower average cost of production today than it did one year ago, without any changes in the quality of the good produced. The prices of inputs to production are unchanged. It follows that this decline in average cost must be the re..

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