Find producer and consumer surplus

Assignment Help Other Subject
Reference no: EM133232234

When a price of a scientific equipment increased 400 birr, a company sold 20 every month, where as price dropped to 200 birr, 120 where sold every month. When the price of 400 birr, 200 scientific equipments were available per month for sale where as the price rigid at 100 birr only 50 remained. Find the demand and supply functions assuming both linear. Find producer and consumer surplus and interpret it.

Reference no: EM133232234

Questions Cloud

What would be a good revised mission and vision statement : Introduce the type of company, what industry it is in, and any relevant background information.
Financial inclusion and development : With references, critically analyse the relationship between financial inclusion and development.
Buyers and sellers exchanging two goods : Imagine a barter economy with many buyers and sellers exchanging two goods: lettuce and cabbage.
Common similarities in these developing countries : Furthermore, for all their diversity, till today many developing countries are still experiencing the same common problems. Using evidence from your chosen deve
Find producer and consumer surplus : When a price of a scientific equipment increased 400 birr, a company sold 20 every month, where as price dropped to 200 birr, 120 where sold every month.
Marginal-utility theory of consumer behavior : How does the subjective nature of utility limit the practical usefulness of the marginal-utility theory of consumer behavior?
Describe the user function : In that context, your function can be effectively aligned to the user function. Use the QFD framework shared in the class.
What is tesla top priority : Tesla's top priority is to provide the best possible products and services to its customers. The company strives to constantly improve its products and services
Case study of global concern issue : Respond to the question "Why do good?" in the context of a real-world case study of global concern issue on LGBTQ+ rights

Reviews

Write a Review

Other Subject Questions & Answers

  What is the extent of healthcare access

What is the extent of healthcare access in terms of cost and geographical maldistribution in the U.S.

  Evaluate the risk factors faced by each

Research studies have determined many risk factors that can lead to the development of mental health issues and mental illness. These include, but are not limited to, exposure to violence, parental divorce, poverty, genetic predisposition, and dys..

  Explain the purpose of a null hypothesis

Explain the purpose of a null hypothesis. Why are both a research/alternative hypothesis and a null hypothesis necessary in statistics?

  Who is susceptible to false memories and why

Who is susceptible to false memories and why? Explain one argument in support of these memories and one argument against these memories.

  Define strategies nurses use to advocate cost of healthcare

Discuss managed care, the initiatives implemented by private insurers to transform healthcare, and the various roles nurses play to improve quality patient

  Example of market segmentation

Give an example of market segmentation that is appropriate for the purposes of product design but inappropriate for the purposes or marketing channel design. Conversely, give an example where the product-design segmentation is also useful for marketi..

  Calculating a standard incidence ratio

"Why is it important to make sure that an accurate population count is used when calculating a SIR (Standard Incidence ratio)?

  How do we conduct studies to measure equivalence

Can you provide further explanation of how we address cultural equivalence in measurement? Can we simply translate a cognitive ability test and hope it measures

  Unsuccessful sharing interactions

In what specific ways does Ego centrism or Egocentric thinking limit the young child's ability to share with others?

  Examining the relationship between age and self-disclosure

An experimenter is examining the relationship between age and self-disclosure. A large sample of participants that are 25 to 35 years old and participants

  How many tiger minnows will be in each lake in the long run

The tiger minnow, which can be found in Lake Jackson and in Lake Bradford, is a small meat-eating fish. At the present time, there are 900 tiger minnows in Lake Jackson and 100 tiger minnows in Lake Bradford, but a new 10-foot-wide canal between thes..

  Explain the role of a strong legislature in stable democracy

Explain the role of a strong legislature in stable democracy existence. 3. Then use the UK and the US legislatures as examples of the effect of strong legislatures on stable democracies.

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