To find out the shortage and surplus of goods

Reference no: EM13201132

There are 2 regions but they were given by different each other function of demand and supply.

1. We won't sell these products on both regions and you can't transport the product each other.So please find the equilibrium price,equilibrium quantity,shortage and surplus of goods on one by one.Functions were written below.
a.Q(demand)=50-0.5P
Q(supply)=-10+P (first region)
b.Q(demand)=120-P
Q(supply)=-20+P (second region)

2.If you can transport the product to these 2 regions cheapestly,please find the equilibrium quantity on these 2regions one by one. If you can't transport any product from first to second region,who can get a profit from them? Who can't get a profit from these condition? Do you know about a good economic web site?

Reference no: EM13201132

Questions Cloud

What happens to the supply and demand curves : Suppose Springfield's economy moves into a recession and Y falls to $9 and rising unemployment allows widget makers to reduce wages to $18 per hour. What happens to the supply and demand curves.

State jettisoning of the solid rocket boosters : The following table gives the velocity data for a shuttle between lift off and the jettisoning of the solid rocket boosters.

Graph an equation by hand : Let C represent the total cost and x represent the number of photos produced. Graph the equation by hand. Use the graph to determine the cost of producing 7 prints.

How should the input combination be adjusted : Using the data provided above, determine if the Hernandez Corp. is using a cost minimizing combination of inputs. Explain your answer/show your work. If your answer is no, how should the input combination be adjusted.

To find out the shortage and surplus of goods : We won't sell these products on both regions and you can't transport the product each other. find the equilibrium price,equilibrium quantity,shortage and surplus of goods on one by one.

State the union and intersection for those two sets : Provide a real-world example that shows 2 related sets. List all the members of your sets in set notation. A set can consist of individuals, objects

What range of payments will the farmer accept : What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day Assume that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept

How many hours of labor should xyz hire to maximize profit : Firm XYZ measured its MP of labor curve. XYZ produces gadgets that are sold for $20 each and is able to hire workers for $10 per hour. How many hours of labor should XYZ hire each day to maximize its profits.

Solve two linear equations : By looking at two linear equations, how can you tell that the corresponding lines are parallel, intersecting, or the same line? Please give example.

User Account

All Pages