What is the dollar value of the total surplus

Assignment Help Macroeconomics
Reference no: EM13338240

What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced?

Reference no: EM13338240

Questions Cloud

How many popsicles will be sold each day in the short run if : At a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0). So how many popsicles will be sold each day i..
Explain the relationship between gross national product : A Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income.
How man units with be demanded between : Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.
Explain why canada should or should not take a leadership : Explain why Canada should or should not take a leadership role in environmental practices and Fair Trade policies. This must be from a business perspective
What is the dollar value of the total surplus : What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced?
Does this fact constitute a violation of law of demand : In 1951, Coke used to cost $0.37 for a pack of 6, an average house was worth about $16000, and a car was $1400 to 2200. All these goods are much more expensive now
The south had to increase its production of munitions and : During the Civil War, one of Lincoln’s first actions was to blockade ports, which prevented trade. The South had to increase its production of munitions and food.
Impact the quantity of coffee starbucks expects to sell : If Starbucks’s marketing department estimates the income elasticity of demand for its coffee to be 1.75, how will looming fears of a recession (expected to decrease consumers’ incomes by 4 percent over the next year) impact the quantity of coffee Sta..
Which of the management challenges globalization leading : Which of the management challenges globalization; leading a diverse workforce; and ethic, character, and personal integrity-have had an important impact on the evolution of Zappos? Explain your answer.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Essay on us airline regulation

During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.

  Total annual cost of operating the lockbox system

Drugs 'R Us operates a mail order pharmaceutical business on West Coast. The company receives an average of $325,000 in payments a day.

  Determine equilibrium price-output and shut down price

Assume that the graph on the next page illustrates the marginal, average variable and average total cost curves of a typical coffee grower-Assume that the current market price at the wholesale level is $5 per pound. How much coffee will this typica..

  What changes did andrea jung make in avons strategy

What strategy was Avon pursuing until the mid-2000s What were the advantages of this strategy What were the disadvantages What changes did Andrea Jung make in Avon's strategy after 2005 What were thebenefits of these changes? Can you see any drawbac..

  What is the effect on total checkable deposits in the econom

Suppose the reserve requirement (R) is 15%. What is the effect on total checkable deposits in the economy if bank reserves increase by $60 billion. Assume E=0

  What is the value added by each person

A farmer grows a bushel of wheat and sells it to a miller for $1.00. The miller turns the wheat into flour and sells it to a baker for $3.00. The baker uses the flour to make bread and sells the bread to an engineer for $6.00. The engineer eats the b..

  Prior to opening his hardware shop as banker

Prior to opening his hardware shop Bob worked as an investment banker earning $175,000 each year. He pays his employees $150,000 per year.

  Show the intercepts and slopes for pat and kris

Pat and Kris are roommates. They spend most of their time studying (of course), but some time for their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza.

  As a result of many years

Suppose that as a result of many years of investment in research and development of new technologies, an economy discovers a new way of producing energy using renewable sources.

  How would you view the acquisition

annual net income was $50.72 million. If EMC's estimated opportunity cost of funds is 10%, as an analyst how would you view the acquisition? Would your conclusion change if you knew that EMC had credible information that the economy was on the ver..

  How the current economic environment affects exchange rate

Recommend two to three best practices for leveraging information regarding exchange rates to maximize their profitability. Provide examples to support your response. Discuss how the current economic environment affects the exchange rate between the..

  What is the meaing of tit-for-tat in game theory

How did the 1971 law that banned cigarette advertising on television solve the prisoners' dilemma for cigarett producers What is the meaing of tit-for-tat in game theory What conditions are usually required for tit-for-tate strategy to be the best s..

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd