Use the linear demand and supply curves

Assignment Help Business Economics

Reference no: EM13800877

Demand and Supply". Use the linear demand and supply curves shown in the figure to answer the following questions:

a.The economic value of the 10,000th unit is $_______, and the minimum price producers will accept to produce this unit is $ ________.

b. When 4,500 units are produced and consumed, total consumer surplus is $ ________, and total producer surplus is $ _________. Show your work/ calculations.

c. The net gain to society when 4,500 units are produced and consumed at the market price is $ __________, which is called ____________________________.

d. In market equilibrium, total consumer surplus is $ _________________, and the total producer surplus is $ ___________________. Show your work/ calculations.

Reference no: EM13800877

Questions Cloud

What is meant by outcome indicators : Health Issue : Heart Failure Outcome indicators that have been developed and utilized to measure progress on the issue? What is meant by Outcome indicators?

Summarizes the impact and affect of compensation : Using a variety of research techniques, write a 3-5 page essay that summarizes the impact and affect of compensation within an organization. This essay should be based on research obtained through a minimum of three journal articles.

What are the maximum and minimum magnitudes : Two vectors have length V1 = 3.5 km and V2 = 4.0 km. What are the maximum and minimum magnitudes of their vector sum

Students about performance management issues : You have been asked to return to your alma mater and speak to current students about performance management issues. To make the most of this experience for yourself and the students, write a 3-5 page paper that details the following:

Use the linear demand and supply curves : Demand and Supply". Use the linear demand and supply curves shown in the figure to answer the following questions: The economic value of the 10,000th unit is $_______, and the minimum price producers will accept to produce this unit is $ ________.

Critical period for language development : Does Genie's case prove that there is a critical period for language development? Why or why not? Which side of the "nature versus nurture" debate does Genie's case best support (human development and behavior is the result of nature (heredity) and o..

Calculate the annual cost of the facility : Consider a facility that has a 30-year life, a replacement cost of $1 million, and an interest rate of 5%. Calculate the animalization factor. Show your work/ calculations using the formula. Based on the animalization factor, calculate the annual cos..

Consider the fact that nurses our knowledge workers : Consider the fact that nurses our knowledge workers, how does nursing move from a task-completion focus to an outcomes-achievement focus?

Concept of market competitiveness : Compose a 3-5 page paper that assesses the concept of market competitiveness in relation to an organization's pay system, particularly when it is unable to offer its employees market competitive salaries because of a lack of financial resources

User Account

All Pages