The figure below depicts a typical JMU student's demand for cheeseburgers. $ per ride $22 $20 $18 $16 $14 $12 $10 $8 $6 $4 $2 SO 0 1 2 3 4 5 6 Rides 7 8 9 10 11 How much consumer surplus would the student receive if the price of a cheese burger was $6? 12
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- What would consumer surplus be?At 8 million hours, what areas make up the total economic surplus in this market?A cup of Starbucks Macchiato will cost you almost $6, and a similar cup at McDonald will cost about $3. The exotic Indonesian Civet Coffee will cost at least $25 per cup. What is the most that you are willing to pay for a cup? Is it worth to pay more? Do you have any consumer surplus on this consumption?
- What is the consumer and producer surplus when the price of penicillin remain the same when both supply and demand curve shift to the right?Lewis University + F3 X Problem 2 Student X -us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5dfaf8e708673/1358081?X-Blackboard-Expiration= + //c a C. If the price of donuts rose to $0.40, how many donuts would she purchase now? What would happen to Tammy's consumer surplus? Content You are an advisor to the Indian government. Until now, government policy in India has been to severely limit imports into India, resulting also in a low level of hidian exports. The government is considering a policy shift to much freer trade. 1/1 CD A [T Based on what you have learned so far about the benefits of international trade, give at least three arguments to support free trade. C ra X LP A Bb 1358081 FO P F10 0:- F11How do I find the consumer and producer surplus?
- The consumer surplus for John is $10 and his maximum willingness to pay for the product is $30 What would have been the market price?of 20) - Google Chrome om/mod/quiz/attempt.php?attempt3D1472585&cmid3D718317&page=1 ystem (AcademIt) 百 30 25 20 on 15 10 5 D = MSB 2 4 6 8 10 12 Quantity (CDs per year) The figure above shows Clara's demand for CDs. At a price of $20 for a CD, the value of Clara's total consumer surplus for all the CDs she buys is Select one: O a. $40. O b. $4. Oc. $30. Od $20. e here to search hp Price (dollars per CD) 立Cities have experienced a decline in garbage collection. Municipalities changed from a flat fee to a price per bag fee. Would you recommend a flat fee or price per bag if the change in quantity demanded was affected?
- Suppose that the price of a ride is $12. Then Angela buys 8 rides a month. Suppose her demand curve is P = 40-2Q. Then how much is her consumer surplus in a month?The table shows the demand and supply schedules for tacostacos. If the quantity demanded of tacos decreases by 400 per hour at each price, the new price of a taco is $2.00. Total surplus decreases by $_____?. Price (dollars per taco) Quantity demanded Quantity supplied (tacostacos per hour) 0 800 0 1.00 700 100 2.00 600 200 3.00 500 300 4.00 400 400 5.00 300 500 6.00 200 600 7.00 100 700 8.00 0 800 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Question 22 Refer to the accompanying figure. If the government has a budget of $300,000 to purchase surplus shampoo, what is the maximum possible floor price that could be imposed? Price S. 4 2 8,000 15,000 25.000 75.000/100.000 125.000 175.000 Quantity 47,000 90,000 $5 $4 $2 $1 $3 3.