User Account

All Pages

Find the consumer surplus and producer surplus

Assignment Help Business Management
Reference no: EM132945803

The demand equation for a product is q = 170 - p and the supply equation is p = 30+q.

(a) Find the consumer surplus and producer surplus at market equilibrium.

(b) If the producers can form a cartel and restrict the available quantity to 50, selling at the supply price for RM50, what are the consumer surplus and producer surplus?

Reference no: EM132945803

Questions Cloud

Financial objectives of the business : Outline how you would suggest a company monitors their process of payment of bills through direct debit and their budgeting process to ensure adherence to them
What is the fundamental organisational characteristic : The modern enterprise resource management IS provides "core"and "extended" modules. (1) List two core modules and two extended ERP modules
Design an experience from the perspective : Using an example demonstrate how you would design an experience from the perspective of two key stakeholders; guests and staff.
Describe the current demographic of the citizens : Picture yourself as the administrator (Sheriff or Police Chief) of a large law enforcement agency. You have been appointed to the County's new Racial Equity Tea
Find the consumer surplus and producer surplus : The demand equation for a product is q = 170 - p and the supply equation is p = 30+q.
What is the cell formula : EncryptCo has a project that has a $35,000 first cost that returns $7,500 per year over its 12 year life.
What permits and licenses are needed for an australian : What permits and licenses are needed for an Australian cafe starting out?
Future of the tourism industry : "Discuss how covid 19 is shaping the future of the tourism industry and hospitality industry and its implications for Pacific island countries."
Appraise the future of contextual shopping : Explain the meaning of "contextual shopping" and critically appraise the future of contextual shopping

Reviews

Write a Review

Business Management Questions & Answers

  Which is more detrimental to firm

Which is more detrimental to a firm, pricing your product or service too high, or pricing your product or service too low?

  Influence of the culutre on leading an organization

You are a manager and leader in adiverse orgainzation that includes locations in many countries. You are asked to careate presetation to share your experiences regarding leadership. Question: The influence of the culutre on leading an organization..

  Staffing in a particular class

Staffing in a particular class for the last four semesters has been 120, 126, 110, and 130. Supposing a one-semester moving average was used to forecast enrolment this is sometimes referred to as a naive forecast

  Psychological and medical issues facing in different country

What are the psychological, medical, and social issues she and her children may be facing?

  Important to examine copies of the registry

1. Where are the system, sam, security and software subkeys of HKEY_LOCAL_MACHINE stored?

  Explain if the states of nature were equally likely

Explain If the states of nature were equally likely then which alternative should be chosen and If the Operations Manager was a very optimistic person and what alternative do you think would most likely be chosen and why?

  How can identified health and safety hazards in workplace

How can identified health and safety hazards in the workplace and possible injuries be managed?

  What price should she set

Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. If Anna can only set one price, what price should she set

  Question related thinking and decision making

Analyze three different types of thinking styles and I chose Logical Thinker, Creative Thinker, and Emotional thinker.

  Explain business process and information systems

Sketch and explain business process and information systems (the order fulfilment process) for any organization.

  Preferable one among the four motivation theories

What are the four different theories for motivation? Select one theory of motivation, and explain why you prefer it over the other three.

  Discussion-managing risks

You are ready to move forward with your project, but you realize you have not done a good job in identifying risks for your project.

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