Market price and total consumer surplus in this market

Assignment Help Business Economics
Reference no: EM131001012

Based on the information on the previous graph, you can tell that ______ (one, two, three, four or five) consumers will buy Blu-ray players at the given market price, and total consumer surplus in this market will be ________ $?

Reference no: EM131001012

Questions Cloud

How improve organization ability to present information : You will find the possibilities are great and you may find this to be a very useful tool in displaying information. After exploring the chart features, describe some real-world scenarios when you or an organization might consider using them.
Monopolist for the contemplated public use : What if the government needs to purchase a single, large piece of property in order to provide a public good, say, a satellitetracking station? There is only one private owner with whom to deal. And his property is the only one that is suitable for t..
Regional preference for pepsi : To con?rm persistent rumors that the preference for PEPSI on engi- neering college campuses is higher in the Northeast of the United States than on comparable campuses in the Southeast, a survey was carried out on 125 engineering stud..
A ten-year endowment policy and an insurance policy : A 10-year endowment policy on (40) has death benefits of 900, payable at the end of the year of death, should this occur within 10 years.
Market price and total consumer surplus in this market : Based on the information on the previous graph, you can tell that ______ (one, two, three, four or five) consumers will buy Blu-ray players at the given market price, and total consumer surplus in this market will be ________ $?
The free market produce than is socially optimal : The private marginal benefit associated with a product’s consumption is PMB = 360 – 4Q and the private marginal cost associated with its production is PMC = 6Q. Furthermore, the marginal external damage associated with this good’s production is MD = ..
Describe elements of fiction lecture : According to the biography in your textbook, Paul Laurence Dunbar wanted "to interpret my own people through song and story, and prove to the many that we are more human than African."
Develop the requirements definition for the site : Review the Amazon.com Web site. Develop the requirements definition for the site by creating a list of functional and different kinds of non-functional business requirements that the system meets. Provide examples for each kind.
What would be the effect of this purchase on income : What would be the effect of this purchase on income before income taxes? Would your answer be the same if the company used FIFO instead of LIFO?

Reviews

Write a Review

Business Economics Questions & Answers

  Question 1 the economic surplus of a particular action is

question 1 the economic surplus of a particular action is answer the value of the action the cost of the action

  What are the short- and long-term economic benefits

What are the short- and long-term economic benefits and cost associated with our current high federal government budget deficits?

  Relationship between economic growth and productivity

Macroeconomics: A. How do we measure long term economic growth of a country? What are the key determinants of long run economic growth? B. What is the relationship between economic growth and productivity? What is the major source of growth in labor ..

  Q1 discuss the current state of the chilean economy by

q1. discuss the current state of the chilean economy by focusing on the recent past and macroeconomic characteristics

  Discuss demand curve for wheat

"The cost of a bushel of wheat, which was $3.00 last month, is $3.70 today. The demand curve for wheat must have shifted rightward in last month and today." Discuss

  Potential buyers compete for good by submitting bids

In an auction, potential buyers compete for a good by submitting bids. Adam Galinsky, a social psychologist at Northwestern University, compared eBay auctions in which the same good was sold. He found that, on average, the larger the number of bidder..

  What characters do you think were best portrayed

What character/s do you think were best portrayed? Is this movie realistic? Do you think this really happens in schools? What life events make it more real to you? What was the most important thing that Erin learned about her students? What is the mo..

  Which is most likely occur under a system of clearly defined

Which is most likely occur under a system of clearly defined and enforced private property rights.

  Terms of minimization of risk for the buyer and the seller

You have just met with the director of marketing for a small manufacturing company. She has just received an order from a retailer in India and would like to figure out how to ship to the  buyer without entailing any risk in terms of getting paid for..

  Illustrate what were you thinking about the economy

Illustrate what were you thinking about the economy in 2005 and did you ever foresee a crisis of this magnitude. What policies could you have suggested to avoid the impending economic crisis.

  Welfare-other income redistribution programs and policies

Compare and contrast the Swedish and American approaches to welfare and other income redistribution programs and policies.

  How government can use accommodating monetary

Show, using an AS-AD graph, how government can use accommodating monetary or fiscal policy to return output and unemployment to their long-run values.

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