demand and supply curve with externalities, Microeconomics

Assignment Help:
# 1 Question: Consider a competitive market for Berries. The market demand for the berries is Qd=50-P (Qd is the quantity demanded (cartons) and P is the price in $. The market supply for the berries is Qs=4P, Qs is the quantity supplied and P the price
1. Draw a graph of the market demand and supply
2, what is the competitive market equilibrium price and quantity of berries?
3. What is the value of consumer surplus, producer surplus and aggregate surplus?
4. Consider a per unit (carton) tax on producers of berries.Every carton is taxed $5, what is the equilibrium price and quantity of berries under tax
5. what is the total amount of taxes paid?

Related Discussions:- demand and supply curve with externalities

Integrability, explain about integrability problem

explain about integrability problem

Fiat money in europe , Fiat money is not a new idea.  Some European histori...

Fiat money is not a new idea.  Some European historians recognize the first use of fiat money in Europe resulting from gold and silver smiths issuing their customers receipts for g

The demand for big mac, illustration for demand of big macs using indiffere...

illustration for demand of big macs using indifference curve and budget line

What do you meant by informal economy, Q. What do you meant by Informal Eco...

Q. What do you meant by Informal Economy? Informal Economy:Informal sector of the economy represents the production of services and goods for the own-use of the producers or fo

Bank Balance sheet, I need help with filling out the bank balance sheet.

I need help with filling out the bank balance sheet.

calculate price elasticity of demand and supply, 1. Calculate price ...

1. Calculate price elasticity of demand and supply for the following functions when (a) P=8 and (b) Q=6. i. P= 40 - 0.5Q ii. Q= -40 + 0.75P iii

Exchange rate, how to calculate the volume of exports? or what is the defin...

how to calculate the volume of exports? or what is the definition?

Explain the concept of land economic, (a) Give an overview of the Concept ...

(a) Give an overview of the Concept of Land Economic (b) Provide a definition of Land/Economics (c) Discuss the origin of Land Economics (d) Modern and Traditional Land Ec

Advantage in cricket or food writing, Following the tremendous success of t...

Following the tremendous success of the 'Matthew Hayden Cookbook', we are once more welcomed into the home-and, more importantly, the kitchen!- of Australia's gourmet cricketer for

Write Your Message!

Captcha
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