What is the equilibrium quantity

Assignment Help Business Economics
Reference no: EM132456702

Suppose you are given the following supply and demand tables:

Demand

Supply

P

Q

P

Q

$0

25

$0

  0

 10

20

 10

  0

 20

15

 20

  5

 30

10

 30

10

 40

 5

 40

15

 50

 0

 50

20

a) Assuming no externalities, what is the equilibrium quantity?

b) If the product above creates external benefits for consumers of $10 per unit, what would be the optimal quantity exchanged?

Reference no: EM132456702

Questions Cloud

Describe the cyclic activated-sludge system : Describe the Cyclic Activated-Sludge System, discuss its mode of operation and the potential benefits as an equipment option for an activated sludge
Leadership and management models : What are the unique characteristics of servant leadership and how do these elements make it different from other leadership models?
Discuss natural deterrence provided by topographies : Provide the name of a known facility in the United States that used a natural barrier to provide protection and safety?Discuss natural deterrence
Prepare paper on suggested topic : Prepare a paper on suggested topic - Thinking in Systems and The value of nothing - Corporate responsibility
What is the equilibrium quantity : If the product above creates external benefits for consumers of $10 per unit, what would be the optimal quantity exchanged?
Should Rosnek Corporation make or buy the part : Rosnek Corporation makes 25,000 units per year of a part it uses in the products it manufactures. Should Rosnek Corporation make or buy the part
Explain notion of technical debt- in general architectural : Explain the notion of Technical Debt- in general architectural technical debt in particular?When was the paper published? In what publication?
What is the division residual income : Question - Esh Wares is a division of a major corporation. The following data are for the latest year of operations. What is the division residual income
Product width-length-depth and consistency offered : Discuss examples of product width, length, depth and consistency offered by this company and what the company may consider in defining its product mix.

Reviews

Write a Review

Business Economics Questions & Answers

  Generate decrease in the market demand for e-book readers

Identify which of the following would generate a decrease in the market demand for e-book readers, which are a normal good. Write your answer in the space below each change in the market. Write YES if you think that the change would decrease market d..

  Determine the perpetual equivalent annual maintenance cost

An engineering company is working in coal mining operation has installed an in-shaft monitoring system for oxygen tank and gear readiness for emergencies. Based on maintenance patterns for previous systems, costs are minimal for the first few years, ..

  Non-convertible currency

What advantage does a country have if it restricts or does not allow its currency to become “convertible” – this is called a “non-convertible” currency [an example is the Chinese Yuan].

  Predictions for the economy of thrifty peg

Total hours worked, and average labor productivity all are procyclical. Which variable, output or total hours worked, increases by a larger percentage in expansions falls by a larger percentage in recessions.

  Monopoly is producing a level of output

A monopoly is producing a level of output at which price is $80, marginal revenue is $40, average total cost is $100, marginal cost is $40, and average fixed cost is $10. In order to maximize profit (minimize loss), the firm should

  Example of a reinforcer

Would a bonus provided for working really hard during the year be an example of a reinforcer?

  Two exceptions to the miranda warning

Explain and discuss the two specific conditions (i.e., triggers) that must exist before the Miranda Warning needs to be given and the two exceptions (not the waiver) to the Miranda Warning.

  An outcome of the game that both parties

Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.

  Government be concerned with the pricing of products

Why should a government be concerned with the pricing of products that a company transfers to an affiliate in another country? Please explain in terms of taxation and exchange rates.

  How many ways can this be done

Suppose we want to choose 5 colors, without replacement, from 18 distinct colors.

  If the manager of impact industries decides to produce

If the manager of impact industries decides to produce 240 units, illustrate what will the long-run total cost also long-run average cost of producing 180 units.

  Using the factors that influence price elasticity of demand

Using the factors that influence the price elasticity of demand, do you think a college education is an elastic or inelastic good? State the factors and then support your answer Often times when a college campus has overcrowded parking, they raise th..

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