Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Here from a), profit maximizing price = 7 and Q = 10. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7) *10*1/2 =10 dollar.
Monopoly with tax of 50 cents per unit
Here from c), profit maximizing price = 7.25 and Q = 8.75. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7.25 ) *8.75*1/2 =7.65625 dollar. Monopoly without tax, but with price ceiling of $6
Here from d), profit maximizing price = 7.5 and Q = 7.5. It is shown in the figure below:-
The consumer surplus is shown in blue area which is given as (9-7.5 ) *7.5*1/2 =5.625 dollar. * Perfectly competitive industry
In case of perfectly competitive,
MC = D
ð 5 = 45-5P
ð P = 8
And Q from equn i) is 5
So consumer surplus = ½ * (9-5)*5 =10 dollar.
how adverse selection has an impact on financial crisis
What are the trends of labour and capital as macrfoeconomics variables?
benefit of GDP
How price level rises differ from price rises In macroeconomics, it's common to use term "prices" or "price" as short for price level. Expression "prices rise" must be interpre
Your project has an estimated cost for land reclamation to be realized at the end of 20 years from today for $70,000,000. If current bond long-term interest rates are 7% compounded
The price and quantity of lumber and other building materials has gone up recently. Show graphically and explain what might have caused this.
A critically important criterion that must be considered in evaluating environmental policies is whether they provide strong incentives for people to find new ways to improve ambie
briefly explain with keynesian consumption?
effects of tax increase on the gross domestic product
Consider the following model of an economy that begins in a macro equilibrium,
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd