The market for N-95 masks is perfectly competitive. Market Demand is given by Q=358-2P and Market Supply is given by Q=3P. 3 The government imposes a price floor of $111. What is the quantity traded in the market with this price floor?

Q: What is Succession Planning? Explain the importance of Succession Planning in an organization. (simp...

A: The practice of identifying essential jobs within your organisation and generating action plans for ...

Q: Marginal cost function (C'(q)) and marginal yield function ('R(q)) to extract a smartphone is as fol...

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output. 

Q: The cost function for Acme Laundry is: TC(q)=10+10q+q^2 so its marginal cost function is:...

A: please find the answer below.

Q: For less than $300, you can get a high-quality colour laser printer with four toner cartridges alrea...

A: Printer cost are so low than its ink . Because companies sell their printer at very low price or eve...

Q: Paul's PPF Sue's PPF Cheese Cheese 100 80 60 Ham 30 Ham

A: Sue has nothing to gain from trading with Paul since she is better in making both goods

Q: Explain why macroeconomists like to build models and why do macroeconomists build models based on mi...

A: Microeconomics studies about the economic issues at the aggregate level such as inflation , employme...

Q: During the first 10 years of the life of a certain machine, the following were spent for its mainten...

A: Step 1 Answer is $ 29,000. Explanation: 10000 each year for the the first five years = 10000*4 = 40,...

Q: macro enviroment analysis of sub saharan africa (SSA)

A: Introduction: A macro environment is the collection of conditions that occur throughout the economy ...

Q: Two alternative designs are under consideration for a tapered fastening pin. The fastening pins are ...

A: (a) Ignoring sunk cost, Total cost (TC) for each design is computed for 125,000 units. TC, Design A ...

Q: Kylie spends her income on books and sandwiches. Books cost $50 and sandwiches cost $10. If Kylie is...

A: When the two Goods are perfect substitutes, one good can replace other because both the goods give c...

Q: Price (dollars per unit) 92 91 90 89 88 D 2 3 4 5 6 7 8 Quantity (units per day) The figure shows a ...

A: Answer: Given, Point Price Quantity A 91 (P1) 2 (Q1) B 89 (P2) 4 (Q2) The following formul...

Q: The ratio of cash and other assets that can be readily turned into cash to the total of deposits is ...

A: The ratio of cash and other assets that can be readily turned into cash to the total of deposits is ...

Q: A consumer's satisfaction or utility is maximized when which of th following the following condition...

A: We know that, When a consumer maximize his satisfaction from their economic decision it represents u...

Q: Which of the following instruments would never be used by a central bank to change the money supply ...

A: For managing the money supply, central banks have a limited number of fundamental monetary tools. Re...

Q: Suppose the unemployment rate in the United States goes from 6.4% in one year to 5.6% in the next. (...

A: Unemployment occurs in economics when people are out of work while actively looking for work. The un...

Q: Solve all questions otherwise I will give you downvote

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a ti...

Q: I need help especifically with the part where they rearrange the equation as: .0790(V/E) = .11 + .05...

A: The debt-to-equity (D/E) ratio measures a company's financial leverage by dividing its total liabili...

Q: As coronavirus deepens inequality, inequality worsens its spread. Explain with comprehensive what th...

A: The economies around the globe tend to face a limit to the total amount of resources which are prese...

Q: o control pollution, assume that your government tightens regulations on one hand and provides a lum...

A: Profit maximisation in economics refers to the short-run or long-run process by which a firm determi...

Q: Suppose that in Year 1 an economy produces 100 golf balls that sell for $3 each and 75 pizzas that s...

A: Value of the money shows how much the money value has increased/decreased. So we divide the current ...

Q: A monopolist produces a product with price, quantity sold and marginal cost as shown in the table be...

A: Monopolistic competition is a type of imperfect competition in which many producers compete against ...

Q: 111 Domestic Demand Domestic Supply 57 World Price 33 200 360 520 QUANTITY (Tricydes) Refer to Figur...

A: Total surplus is the sum of consumer surplus and Producer surplus. Consumer surplus is the area abov...

Q: The economics and politics of multilateral agreements. Discuss

A: Multilateral trade agreements have important political drivers and foundations, although being large...

Q: et X1, X2, X3, X4 have the joint probability density function f(x1, x2, x3, x4) = ( 24e −(x1+x2+x3+x...

A: Let X1, X2​​​​​​, X3, X4 have the joint probability density function, Let  So,  Here, So Jacovian o...

Q: 1. If NX=0, then savings must be equal to invesment   Select one:   True   False

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: Answer in not less than 100 words. How do economic forces to facilitate the deepening of globalizati...

A: Globalization is defined as the process of interaction among governments, companies, and people all ...

Q: Need help on part (d) and (e) 6. Assume you can work as many hours you wish at £12 per hour (net of...

A: Since leisure is a normal good, an increase in income increases leisure while decreasing labour supp...

Q: Which external sources of recruitment are commonly used by the big enterprises that you believe are ...

A: The process of finding and recruiting the best applicants in order to hire them for open positions i...

Q: QUESTION 29 Figure 6-13 16 12 9 8 Demand 40 80 105 120 160 QUANTITY Refer to Figure 6-13. Acme, Inc....

A: The equilibrium price is the point at which the supply of goods equals the demand for them. The term...

Q: 7 Suppose the following model describes the relationship between annual salary (salary) and the numb...

A:

Q: You are working as a Project Manager in a construction company. Due to the impact of COVID-19, infla...

A: As a project manager economic situation effects on the business of construction related to the varia...

Q: Lorena uses her income to consume two goods. Originally, she was consuming at point (a), but then go...

A: The budget line is a graphical representation of all possible combinations of the two commodities th...

Q: Microsoft Windows 8 Versions and U.S. Prices Version Price Full from Microsoft 249.99 Upgrade from M...

A: As we know that Microsoft Window is a popular operating system developed by Microsoft corporation. N...

Q: Consider the allocation of a fixed, renewable supply of surface water in a given year between two co...

A: The term efficiency refers to the peak level of performance that uses the fewest number of inputs to...

Q: You are the CEO of a company that has to choose between making a $100 million investment in Russia o...

A: Foreign investment entails the transfer of funds from one country to another, with foreign investors...

Q: The cost function for Acme Laundry is:    TC(q)=10+10q+q^2  so its marginal cost function is:    ...

A: The cost function measures the minimum cost of manufacturing a given level of output for a few fixed...

Q: Suppose that each firm in a competitive pizza market has the following identical cost: Total cost: T...

A: Answer: Given, Total cost function: TC=25+1.5Q2 The following formulas will be used: (1). Fixed cost...

Q: 3. Boyoung is writing a paper about the effect of Sunday liquor sales on drunk driving. She has pane...

A: Regression determines the relationship between dependent and independent variables which results fro...

Q: q=-2p+200 find the demand equation express the total revenue R as a function of the price p per item...

A: Total revenue is calculated by multiplying price with quantity. Total revenue reaches its maximum po...

Q: Jagmit owns a 2009 sedan (auto). The last time Jagmit renewed his auto insurance, he decided to drop...

A: A policy where an entity or individual tends to receive reimbursement against losses from an insuran...

Q: There will be a downward movement along the supply curve. There will be an upward movement along the...

A: There is positive relationship between supply curve and the price of the good. As the the price of t...

Q: How long will it take you to become a millionaire if you invest P15, 000 at 25% compounded semi-mont...

A: In the question above, it is given that : Principal = P 15,000 Rate of interest = 25% compounded sem...

Q: A thug wants the contents of a safe and is threatening the owner, the only person who knows the code...

A: When talking about rollback game, it is the situation when the game is either a finite extensive gam...

Q: Suppose a random sample population correction factor if appropriate. Round your answers to two decim...

A: given   Sample size (n) = 30 Population standard deviation (σ) = 8 Formula: The standard error of th...

Q: Price Raphael's Quantity Demanded Susan's Quantity Demanded (Dollars per slice) (Slices) (Slices) 16...

A: Market demand is the horizontal sum of all the individual demand at each price. 

Q: Small differences in growth rates in the size of the economy, over several decades, will result in b...

A: GDP means total value of goods and services produced in national boundaries in a year . And real GDP...

Q: An object is sold in a first-price auction – thus, the highest bidder wins the object and price is e...

A: Given information There are two players: Odd Bidder(Player 1) & Even Bidder (Player 2) Strategie...

Q: Suppose the following equation describes the relationship between the average number of classes miss...

A: As we know the that a function has two variables one is Independent variable and another one is depe...

Q: 1980 7.2 63.6 168.9 1990 6.3 66.4 190.0 2000 3.9 67.0 213.7 2010 138.4 64.8 236.8

A: The labour force, or currently active population, comprises all persons who fulfill the requirements...

Q: Discuss the various types of crisis in capitalism that Marx conceptualized and explain why an ‘under...

A: An economic crisis in capitalism is a severe and long-lasting disruption of the capitalist economy a...

Tax Incidence Analysis

Tax incidence analysis is a kind of economic analysis. It helps to understand the division of tax burden between stakeholders. Tax incidence also relates to the price elasticity of demand and supply. The producers and consumers may valuate their tax burden with the help of tax incidence analysis. It also helps to calculate the burden of a new tax. It is the effect of a particular tax and analysis of tax occurrence in the economy.