Find the new equilibrium price and quantity

Assignment Help Econometrics
Reference no: EM13244616

Assume market demand increases and that the new demand curve isnow Qd = 50 - P. Further assume the government provides toeach firm, a subsidy of $40 per unit of output produced. Thus the supply curve now becomes Qs = 10 + 2(P+40).

Develop a graph for the new demand and supply curves. Then use the graph to find the new equilibriumprice and quantity.

Reference no: EM13244616

Questions Cloud

Find the value of the dielectric constant k : A parallel-plate capacitor is constructed with circular plates of radius 6.5×10?2m . The plates are separated by 0.27mm, Find the value of the dielectric constant, k
Describe the relationship between dna and phytopigments : Using an appropriate graphical display, describe the relationship between DNA and phytopigments and fit a regression line to the data. Write down the equation of the model and interpret all parameters in the model.
What is the electric potential at 15 m up : A 5.00*10^-4 C charged mass (1.00g) is thrown upwards at a speed of 20.0 m/s and it is observed that it has gone up a distance of 15m it is moving at only 10.0 m/s, what is the electric potential at 15 m up
How many molecules of gas are present under the conditions : How many moles of air are present in the RV at 1.0 atm and 37oC? b) How many molecules of gas are present under these conditions
Find the new equilibrium price and quantity : Assume market demand increases and that the new demand curve isnow Qd = 50 - P. Further assume the government provides toeach firm, a subsidy of $40 per unit of output produced. Thus the supply curve now becomes Qs = 10 + 2(P+40).
Describe what is the partial pressure of the co : A mixture consisting of 7.0g CO and 10.0g SO2, two atmospheric pollutants, has a pressure of 0.33 atm when placed in a sealed container. What is the partial pressure of the CO?
What is the max speed the ball can have : A 0.75 kg ball attached to the end of a horizontal cord, is rotated in a circle of radius 1.9 m on a frictionless horizontal surface, What is the max speed the ball can have
Calculate the marginal utility at each point : A. From the information given in above table, calculatethe marginal utility at each point. B. Draw total utility curve andmarginal utility curve for consuming apples and interpret what is the relationship between total utility and marginal utility..
What is the radius of the turn : Car has the mass M = 1100kg at 60.0 km/hour. What is the radius of the turn if theta = 20.0 degrees

Reviews

Write a Review

Econometrics Questions & Answers

  Devise a pricing strategy to maximize the firms profits

As a manager if a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. You therefore conducted a study that has revealed two different demand curves

  How much was the growth rate of real gdp

Suppose the real GDP of a country increased from 2,000 billion to 2,100 billion in one year. In the same year, population growth rate was 3%. How much was the growth rate of real GDP per capita in that year

  Determine the amount in the example of ecuador

Assume that Hong Kong and Taiwan can supply computers to Ecador at a per-unit price of $300 and $500, respectively. With free trade, how many coputers does Ecuador import From which nation does it import

  What is the marginal utility of the fourth unit of y

Assume that an individual consumes two goods, X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other good. The price of X and Y are respectively $40 and $60. Use the following table of total ..

  What was growth rate of nominal gdp between 1999 and 2000

Year nominal gdp gdp deflator ( base year 1996) 2000 9873 118 1999 9269 113 a.what was the growth rate of nominal gdp between 1999 and 2000 b.what was the growth rate of the gdp deflator between 1999 and 2000

  Determine the value of delta software in business

Delta Software earned $10 million this year. Suppose thegrowthrate of Delta's profits and the interest rate are bothconstant and Delta will be in business forever. Determine the value of Delta Software

  What is the supply function if firm has avoidable fixed cost

Suppose a competitive firm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C(Q) = 10Q + (Q2/160). The marginal cost is given by MC = 10 + (Q/80).

  What is the marginal abatement cost

Plant B was constructed 2 months ago; it has a pollution abatement cost of 10c2. Assume that neither plant is initially engaging in pollution abatement. The per unit benefit to a unit of pollution abatement is constant at $1500. Unless told otherw..

  Find probablity that cool-aire will incur an operating loss

cool-aire corporation manufacturers a line of room air conditioners. Its break even sales level is 33,000 units. Sales are approximately normally distributed. Expected sales next year are 40,000 units with a standard deviation of 4,000 units

  What is the interest rate for buying versus leasing

A bulldozer can be purchased for $380,000 and used for 6 years, when its salvage value is 15% of the first cost. Alternatively, it can be leased for $60,000 a year. Remember that lease payments occur at the start of the year.

  Revenue over the life of the video is nearest what value

Revenue from sales of a training video for the first year are estimated to be $350,000. In addition, revenue is expected to decrease by $25,000 per year over the life of the video (which is 10 years).

  Determine how will the output change per year

Assume that total output is determined by the formula: number of workers × productivity = total output (output per worker) If an economy's productivity increases by 5 percent but the number of workers declines by 3 percent a year

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