User Account

All Pages

What is the amount of producer surplus

Assignment Help Business Economics
Reference no: EM131968356

The market demand for a good in a monopoly is P = 800 - 2Q. The good can be produced at a constant cost of $10 for the first 20 units. After the first 20 units, the marginal cost equation is MC = 12Q.

What is the amount of producer surplus?

Reference no: EM131968356

Questions Cloud

What do competitors do better than your identified area : What do competitors do better than your identified area? What is the competition doing that may have an impact on your identified area?
Identify a strategic goal within your sphere of influence : The Strategic Planning: SWOT Analysis assignment completed in Topic 4 helped you identify a strategic goal within your sphere of influence.
What is this inheritance worth : What is this inheritance worth to you today if you can earn 4.1 percent interest, compounded annually?
Print the given daily bar charts : BCOM 220, PROJECT PLANNING & CONTROL Exercise. Print the following Daily Bar Charts, list the activities in ES/EF sequence
What is the amount of producer surplus : The good can be produced at a constant cost of $10 for the first 20 units. After the first 20 units, the marginal cost equation is MC = 12Q.
Create a developmental plan outlining how you intend : Your supervisor at the agency where you work has become increasingly insistent that you work many hours over and above your required working hours.
What changes have occurred in the demographics of workforce : What changes have occurred in the demographics of the workforce with regard to gender, race or age with regard to your intended occupation?
Control information security : Give examples of security measures that might be used to control information security, personnel security, and health hazard security issues
Small store selling high fashion clothes : Janice decides to quit her $20,000 a year job and open a small store selling high fashion clothes. To start her store

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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