User Account

All Pages

What is the total producer surplus for all four producers

Assignment Help Microeconomics
Reference no: EM131575211

Question - Use the table below to answer the following question.

Producer

Minimum Acceptable Product Price

Actual Product Price (Equilibrium Price)

Kimberly

$  6

$13

Drake

    7

  13

Nicki

    9

  13

Victoria

   11

  13

What is the total producer surplus for all four producers shown?

Reference no: EM131575211

Questions Cloud

Explain the dijkstra algorithm : Floyd's algorithm, displayed as Algorithm 2, can be used to find the length of a shortest path between all pairs of vertices in a weighted connected simple.
Describe why it is important to use a tool like ms project : Review the selected MS Project tutorial videos located in Week 2 of the Blackboard online course - challenges you foresee in using MS Project in this course.
The changes needed in the implementation of the solution : Describe the resources (human, fiscal, and other) or changes needed in the implementation of the solution.
What impact the decision had on the criminal justice : Within your summary include relevant facts relating to the case, what impact the decision had on the criminal justice
What is the total producer surplus for all four producers : Use the table below to answer the following question. What is the total producer surplus for all four producers shown
How would you describe the quality of the opera production : How would you describe the quality of the opera production? Were the sets, costumes, lighting, etc., appropriate and aesthetically pleasing?
Reviewing the literature and different types of evidence : When reviewing the literature and different types of evidence, there are often gaps in the findings.
Describe the roles of each of the main actors : Describe the roles of each of the main actors in the courthouse; which do you believe plays the most significant role
Discuss about the statistically significant evidence : What is the difference between statistically significant evidence and clinically significant evidence?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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