34 q² and the supply curve p = 2+ q², find the producer surplus when the market is Given the demand curve p = in equilibrium. - Round your answer to three decimal places. The producer surplus is i
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- Consider the following market demand and supply: Demand: P = 16 - 4Qd Supply: P = 6+ 3Qs If the market is at equilibrium, what is the producer surplus? Note: Express your answer in units of dollars, to at least two digits after the decimal. 3.06A4 Suppose that good X is traded in a competitive market. The market clearing price is $25.00 and the quantity supplied is 200. A proposed change in government policy is expected to cause the market price to increase by $1.50. Previous studies suggest that the price elasticity of supply is about 1.5. Assuming the supply schedule is linear, calculate the change in producer surplus from the government's policy shift. Round your answer to 1 decimal place and report it in the box below. Don't include the dollar sign, but if producer surplus decreases, be sure to include a negative sign in your response. your answer iswhat are the determinants of the produce surplusin a market ?how does it increse depend on the determination ? LEGO 7 8 01 4 5 1 2 P Q Y UI A D F H J K L 1 T
- Total economic surplus is represented by?The weekly supply and demand for cupcakes in a small town are given as OS = 30P- 20 and Q = 124 - 18P, where P is the price of a cupcake and Q is measured in thousands per %3D week. a. Find the equilibrjum price and quantity. b. Calculate the corsumer and producer surplus at the equilibrium price.What is consumer surplus? How is it illustrated on a demand and supply diagram?
- Consider a market where supply and demand are given by QXS = -18 + Px and Qxd=84 - 2Px. Suppose the government imposes a units consumers do not buy at the floor price of $39 per unit. price floor of $39, and agrees to purchase and discard any and Instructions: Enter your responses rounded to the nearest penny (two decimal places). a. Determine the cost to the government of buying firms' unsold units. $ 585.00✔ b. Compute the lost social welfare (deadweight loss) that stems from the $39 price floor. $ 25.00Find the producers' surplus at a price level of p = $64 for the price -supply equation p = S(r) = 10 + 0.1a +0.000322. A. $9000. B. $9020. C. $9030. D. $9016. Select one: O C D O O O OWhat is a producer surplus? Describe how it is illustrated on a supply and demand diagram?
- The supply curve for product X is given by QXS = −500 + 10PX .a. Find the inverse supply curve.P = ____+ ____Qb. How much surplus do producers receive when Qx = 470? When Qx = 1,190?When QX = 470: $ When QX = 1,190: $Please answer in paragraphs. Rate wil be given! What would happen if the government imposes a price ceiling on oil and gas prices, how would this affect the market in terms of demand and supply? Would this work?Assume that as the economy booms, the demand for business and consumer loans rises significantly, while the supply of funds and loans remains constant. As a result, the market interest rate for business and consumer loans rises to 20% per year. The government implements a ceiling on interest rates of 15% a year and as a result... Group of answer choices The quantity demanded of business and consumer loans rises, while the quantity supplied falls and a surplus occurs A greater number of business and consumer loans are made at a lower interest rate than previously. The demand of business and consumer loans rises, while the supply falls and a shortage occurs The quantity demanded of business and consumer loans rises, while the quantity supplied falls and a shortage occurs
