User Account

All Pages

What is the equilibrium price and quantity

Assignment Help Basic Computer Science
Reference no: EM132193836

Consider the market demand and supply given by the following: Qd = 50 - P and Qs = 2.5 + 1.5P. Use this information to answer the following questions.

  1. What is the equilibrium price and quantity?
  2. If the government sets a price floor of $25, what is the surplus/shortage? If the government buys the surplus, what would be the cost to the government?

Reference no: EM132193836

Questions Cloud

What does the future look like for iran : What is orientalism? Which problems can it cause for a research? Elaborate on your response and use some examples from Edward Saeed's interview.
Review the types of budgets presented : From the weekly readings, review the types of budgets presented, and respond to the following scenario: A friend who is a city manager once commented.
List the things a government does una command economy : List the things a government does una command economy?
Calculate gdp and real gdp from the information : Calculate GDP and Real GDP from the following information. Consumption=1,000. Private Investment=150. Government Spending=400.
What is the equilibrium price and quantity : If the government sets a price floor of $25, what is the surplus/shortage? If the government buys the surplus, what would be the cost to the government?
Confidence interval around this sample mean : A sample of 30 orders averaged $81.25. What is the 90% confidence interval around this sample mean?
Write journals on topics and thoughts : Please write 4 journals on topics and thoughts that deal in one form or another with civic engagement and civic professionalism issues.
Confidence interval for the population proportion : Which of the following intervals represents a 96 percent confidence interval for the population proportion?
How would that affect domestic production in general : Suppose that all states impose 30% tariffs on all manufactured goods. In such a case how would that affect domestic production in general and how would TNCs.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Mobile app prototyping for the large enterprise

Explain some of the issues or alternatives in Mobile App Prototyping for the large enterprise. Where does prototyping take place in the software development.

  Cleaning and maintenance so that the probability

The amount of money spent weekly on cleaning, maintenance and repair at a large restaurant was observed over a long period of time to be approximately

  Highlight element enables highlight the text.true or false

The highlight element enables you to highlight the text. True or False

  Prepare your advice for this company

What are the critical points, other than cost, that you need to consider in order to prepare your advice for this company? Your report to SoftArc should be about 2 pages

  What are some of the advantages of using such a web site

Explore LinkedIn, a social media network for professional networking. Use some of its features to find former students of your school or coworkers at your place

  What is the proper objective function for the division

Formulate a linear program to aid management in deciding how many trucks of each type to produce per month.

  Command line interface in windows os

When would it be necessary to use the command line interface in Windows OS?

  Construct a relational database for new york

The state wants to record the fire department for which each firefighter currently works and each firefighter's supervisor. Supervisors are always higher-ranking certified firefighters. Construct a relational database for New York's fire departmen..

  Choose another programming language

Choose another programming language and compare that language to what you are learning about C language. What are some of the similarities and differences of the two languages?

  Using the it planning at modmeter case study

Using the "IT Planning at ModMeters" case study , describe which processes in the COBIT governance model would assist ModMeters in their planning processes and why. Refer to the COBIT reference material and websites in the Readings and Resources fold..

  Code that finds and outputs the first x number

Code that finds and outputs the first x number of prime numbers, beginning with 2, where x is chosen by the user. Remember that a prime number is a number

  Price elasticity of demand for winchester output

Winchester Corp.'s revenue per month from sales is $10 million, and doesn't change from month to month, no matter what the price of its output is.

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