User Account

All Pages

Supply and demand equations

Assignment Help Business Economics
Reference no: EM131395862

Assume that the market for sriracha sauce can be represented by the following supply and demand equations:

P=Qs/10

P=10-QD/10

The production of each bottle of sriracha sauce creates an external cost of $3 so that the Marginal Social Cost of sriracha production is given by

P=3 + Qs/10

Find the socially optimal output in this market.

Reference no: EM131395862

Questions Cloud

Calculates the factorial of its integer argument : (On many systems, you must use a value of 16 or lower to achieve correct results; the factorial of higher numbers is larger than the value that can be stored in an integer.) Save the file as Factorial.cpp.
Enumerative definitions or demonstrative definitions : Determine whether the following are demonstrative definitions, enumerative definitions, definitions by subclass, synonymous definitions or etymological definitions.- An "electric current" flows in a circuit if and only if an ammeter connected in se..
Read the case study titled-minuteclinic : Read the case study titled "MinuteClinic,". Predict whether or not embracing the Continuity of Care Record (CCR) standard will either benefit or damage MinuteClinic's overall profitability.Visualize three (3) patient issues that may arise as a resu..
Find an algorithm that uses a recursion in a bubble sort : Display the 100 numbers, then sort them using the recursive bubble sort method and display them again. Save the program as RecursiveBubbleSort.cpp.
Supply and demand equations : Assume that the market for sriracha sauce can be represented by the following supply and demand equations:
Enumerative definitions or operational definitions : Determine whether the following are demonstrative definitions, enumerative definitions, synonymous definitions or operational definitions.- "Rapier" means sword.
Describe three requirements elicitation difficulties : Describe three requirements elicitation difficulties or challenges from the examples below. Give an example of one of these challenges from your experience or otherwise.
Create a bankloan class that derives from bankaccount : Write a main()function that declares an array of 10 BankLoan objects. Write a recursive sort()function that places the BankLoan objects in descending order based on loan amount. Save the file as DescendingLoanSort.cpp.
Evaluate the specific preparation steps in the preparedness : According to the Department of Health and Human Services (2002), the nation's capacity to respond to bioterrorism depends largely on the ability of clinicians and public health officials to detect, manage, and effectively communicate in advance of..

Reviews

Write a Review

Business Economics Questions & Answers

  Options on microsoft stock-disregarding option premium

Consider options on Microsoft stock. Suppose that there are call options with a strike price of $10 and put options with a strike price of $10, both with the expirations date of January 16th. Suppose that there is a 50% chance that the stock price wi..

  Q1 at equilibrium price an item is selling for 30 a unit at

q1. at equilibrium price an item is selling for 30 a unit. at this price consumers demand 100 units. if government

  What is the real value of output

What is the real value of output (Q)? Enter your response as a whole number. _______billion. Now assume that the Fed increases the money supply by 10% and the velocity remains unchanged. If the price level remains constant, by how much will real outp..

  Abatement level would generate a marginal social benefit

Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000. On efficiency grounds, sho..

  Enforcement mechanisms in place to restrict such activity

Managers are responsible for ensuring fair and accurate financial reporting. Managers also have inside information that can aid their estimates of future outcomes. Yet, managers face incentives to strategically report information in their best intere..

  Positive also negative contributions of fdi inflow

Converse the positive also negative contributions of FDI inflow to the competitive benefit of host countries with regard to the subsequent matters

  The choices concerning product innovations

Billy Riggan is in charge of all technical developments at Always Round Tire. He makes all the choices concerning product innovations in the company. He finds that he is overworked and that several of his research scientists seem to be spending work ..

  What problem is the economy facing

Assume that an economy is in the long-run equilibrium with the GDP deflator of 150 and potential output of $40 billion. The economy is experiencing a shock – a sharp drop of stock prices. What problem is the economy facing? The government decides to ..

  What is the optimal number of people should recruit to help

what is the optimal number of people she should recruit to help

  Quantity of capital to use in producing goods and services

"When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly."

  Total health expenditures

In the U.S. health expenditures on drugs amount to about 10% of total health expenditures. In Japan, where physicians are legally permitted to sell pharmaceuticals, national expenditures on drugs are almost double the level in the U.S. Discuss how th..

  Bonds to pay for improvements

A city near chicago sold $9000000 in bonds to pay for improvements to an airport. It set up a sinking fund with end-of-quarters payments in an account earning 8% compounded quarterly. Find the amount that should be deposited in this fund each quarter..

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