User Account

All Pages

What is the competitive market equilibrium

Assignment Help Business Economics
Reference no: EM132153355

Demand : P= 500 -2q

Supply : P= 25 + 0.5q

Suppose the government imposes a price ceiling of $100.

1. What is the competitive market equilibrium?

2. What is the change in welfare to producers?

3. What is the change in welfare to consumers?

Reference no: EM132153355

Questions Cloud

Compare and contrast distance-vector and link-state routing : Compare and contrast distance-vector and link-state routing. If you were designing a new routing protocol, which would you use and why?
Note the bulk of the grades are associated : Note the bulk of the grades are associated with your explanation rather than a "guess" as to which case to pick.
What are the compelling features of the computing devices : What are the compelling features of the computing devices described in these documents? In other words, why would you buy one?
Consider the market for coffee : 1) consider the market for coffee. Which of the following would cause supply to increase?
What is the competitive market equilibrium : Demand : P= 500 -2q Supply : P= 25 + 0.5q Suppose the government imposes a price ceiling of $100.
A brief description of the nist cybersecurity framework : An explanation as to why organizations should seek this framework and/or certification to base their security program strategy and decisions upon.
What do you think we have learned from experiments : For your primary post, please respond to one of the following three topics with a post of at least 125 words that addresses each point given in the instructions
Name three types of security interest in land : Name three types of security interest in land and explain what they mean. Discuss why it is important to register a deed.
Describe the three parts of the cybersecurity framework : Describes the three parts of the cybersecurity framework and how it can help an organization address its security program and manage cybersecurity threats.

Reviews

Write a Review

Business Economics Questions & Answers

  Declind of terms of trade

What kind of methods can developing countries use to reverse the declind of their terms of trade? Explain each method breifly.

  Behind the scenes affecting everyday life

When we study technology we should consider how technology is changing and how those changes affect the world around us. Considering how the world into which someone was born in 1955 was different in 2015 when that person would turn 65. What changes ..

  What can it do to improve its situation

1) A firm's marginal rate of technical substitution at M P L/M P = 3, and the ratio of prices of labor and capital ,w/r, is 4.

  Conduct research into the cultural characteristics

For any country of your choice (besides the United States), conduct research into the cultural characteristics and summarize these characteristics.

  Local university takes phone-in registrations

During the period of time that a local university takes phone-in registrations, calls come in at the rate of one every two minutes.

  What is the cournot equilibrium amount of syrup produced

Consider two maple syrup producers that engage in Cournot competition. Inverse demand for maple syrup is given by P(Q) = 16 − Q and the marginal cost of each producer is 4. If the producers do not collude, what is the Cournot equilibrium amount of sy..

  Numbers in the federal reserve bulletin

Look up the MB, M1, and M2 numbers in the Federal Reserve Bulletin for the past year. What can you say about their respective growth rates?

  Inflation and unemployment are correlated

In 1958, A.W. Phillips stated that inflation and unemployment are correlated. In 1972, Milton Friedman stated that Phillips' relationship was only temporary, and thus only applicable in the short-run. Friedman contended that people will over time ant..

  Sustainable development is always considered

Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept

  Q1 cross-price elasticity bb lean is a catalog retailer of

q1. cross-price elasticity. b.b. lean is a catalog retailer of a wide variety of sporting goods and recreational

  Find the price at which the firm makes zero profits

Suppose that the cost function of a firm is C(q) = 10 + 3q + 0.1q 2 and that it operates under perfect competition. If p = 4, find the optimal quantity, the costs, the revenue and the profits. Find the price at which the firm makes zero profits, that..

  Draw alex budget line between left shoes

Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?

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