Reference no: EM13802158
Please solve this and make it clear what the answers are.
Consider the market for laptop computers. The demand for laptops is Q = 1800 – 3P. Suppose the supply of laptops is given by Q = –200 +2P.
What is the equilibrium price of laptops?
What is the equilibrium quantity of laptops?
What is the price elasticity of demand at the equilibrium price and quantity?
What is the price elasticity of supply at the equilibrium price and quantity?
For the next seven questions, suppose a per-unit excise tax of $80 per laptops is levied on the consumers.
What price will sellers receive after the tax is levied?
What price will consumers pay after the tax is levied?
What percent of the tax will be paid by the consumers of laptops? (give an answer between 0 and 100)
What percent of the tax will be paid by the suppliers of laptops? (give an answer between 0 and 100)
How many laptops will be sold after the tax is imposed?
How much consumer surplus do consumers get after the tax?
What is the deadweight loss created by this tax?
|
Explain how the nomination and appointment of federal judges
: Explain how the nomination and appointment of federal judges differs from Supreme Court Justices. As well, explain how does the selection and length of terms differs between Supreme Court Justices and members of Congress.
|
|
Estimate the likely market evolution of the brics
: Estimate the likely market evolution of the BRICs (Brazil, Russia, India, and China) over the next decade. What economic indicators might companies monitor to best guide their investments and actions? Identify three implications of the emergence of t..
|
|
Find the range of an object fired
: Find the range of an object fired from a height h and at an angle θ and find the angle of launch which maximizes the range as a function of height.
|
|
Why are companies moving toward on-demand solutions
: Based on Trebilcock's (2007) article, why are companies moving toward on-demand solutions? Explain the advantages and disadvantages. Which would you prefer and why
|
|
What is the equilibrium quantity of laptops
: Consider the market for laptop computers. The demand for laptops is Q = 1800 – 3P. Suppose the supply of laptops is given by Q = –200 +2P. What is the equilibrium price of laptops? What is the equilibrium quantity of laptops? What is the price elasti..
|
|
Discuss this issue in terms of the five stages
: Choose a current policy issue. Discuss this issue in terms of the five stages of the policy-making process. Provide a fully developed essay of at least 500 words no more than 600 words, and cite sources used.
|
|
Describe your feeling about the poem the fog
: In carl sandburgs "The fog" Describe your feeling about the fog in this poem. What characteristics does he give it?
|
|
Market for qbits is initially competitive and market demand
: The market for qbits is initially competitive and the market demand is: P = 400 - 0.4Qd. The combined marginal costs of the firms in the qbit industry are: MC = 50 + 0.6Q. Draw the demand, and marginal cost curves. Calculate and show how much these f..
|
|
Uses of statistical information
: Uses of Statistical Information
|