How much will the government spend in total

Assignment Help Business Economics
Reference no: EM1320551

Q. The marketplace demand also supply functions for pork are: QD = 2,000 - 500P also QS = 800 + 100P. To help pork producers, the U.S. Congress is considering legislation that would put a price floor at $2.25 every unit. If this price floor is implemented, elucidate how many units of pork will the government be forced to buy to keep the price at $2.25? Elucidate how much will the government spend in total? Elucidate how much does producer surplus increase?

Reference no: EM1320551

Questions Cloud

Calculate the standard deviation : Calculate the standard deviation
What are the josephs demands for roses also tulips : Illustrate what are the Joseph's demands for roses also tulips as a function of prices also income.
Probability of accepting the null hypothesis : If the true mean for Saturday sales is now $4500, what is the probability of accepting the (false) null hypothesis in (a) above (the probability of not sharing the manager's concern because of lack of evidence)?
Without using the midpoint formula unit-elastic over price : Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
How much will the government spend in total : Elucidate how much will the government spend in total. Elucidate how much does producer surplus increase.
Assessing null and alternative hypothesis to test the claim : If we wanted to shorten the interval of the estimation of the true mean of Saturday sales to a width of $600 in total, what should the size of our sample be to achieve it?
Probability on normal distribution : Probability on normal distribution
Utility function that represents britneys preferences : Write down a utility function that represents Britney's preferences over dresses also hats.
Degree of certainty independent of credits earned : Research question : At α = . 01, is degree of certainty independent of credits earned?

Reviews

Write a Review

Business Economics Questions & Answers

  Factors are responsible for the changes

How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.

  Illustrate what is the efficient price of water

Illustrate what is the efficient price of water. Illustrate what are the quantities of water allocated to agricultural also industrial use.

  Compensation scheme designed

How can a compensation scheme designed to enhance worker motivation lead to this result.

  Illustrate what this meant for the us population

Elucidate the drastic change also Illustrate what this meant for the U.S. population.

  Un millennium development goals

Can the researcher say with a 0.05 level of significance that the proportion of children not completing primary school is more than 1%.

  After wearing seat belts became malsoatory

After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics.

  Price for local telephone services

A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.

  Accumulated principal plus interest

Illustrate how much will they have accumulated principal plus interest when they reach 65 years old. What is the moral of this situation.

  Income tax is unfair to those who work hard

The income tax is unfair to those who work hard to earn their incomes  is an example of positive economic analysis.

  Utcome reveal about the size of the multiplier

Illustrate what does this outcome reveal about the size of the multiplier

  Monopolistic competition

Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly.

  Elucidate how should microsoft market long distance

Elucidate how should Microsoft market long distance telephone services in the new wireless telecommunications devices which also include Internet portals.

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