If demand and supply of Chinese coal are Qd = 60 − 0.5P  Qs = −2 + 2P   Then, Calculate the dead weight loss of the subsidy, if the subsidy cost is 47.6

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What would be step by step process to solve this.

The Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 472 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $1.1. The marketing department's studies indicate this price increase would reduce usage to 195 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round your answer to one decimal place. price elasticity of demand = Which of the statements is true?

LA Qi Quantity Kidneys for Transplants If a free market were allowed in the transplanted kidney market, then the equilibrium price would be P2. The number of kidneys transplanted would increase by compared to the number transplanted at a price ceiling of P= $0. Price (dollars) P₁ 0 (Q3 - Q1) O(Q3-Q₂) (Q2-Q₁) Q2

as a result of a $6 per unit tax imposed on this product, consumer surplus changes from:

Assume a competitive firm faces a market price of $120, and a cost curve of: C = 0.004q° + 25q + 750. Marginal cost (MC) equals MC = 0.012g + 25. (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a superscript can be created with the ^ character.) If a specific tax of $7 per unit is passed, what would be the new equilibrium output level? It would be units. (Round your answer to two decimal places.) y Reson Etion étv 13 MacBook Air esc F2 %23 & 2 3 4. Q E R Y tab A F G つ caps lock C V shift fn control option command う エ

Student Enterprises sells two sizes of wall posters, a large 3- by 4-foot poster and a smaller 2- by 3-foot poster. The profit earned from the sale of each large poster is $3; each smaller poster earns $2. The firm, although profitable, is not large; it consists of one art student, Jan Meising, at the University of Kentucky. Because of her classroom schedule, Jan has the following weekly constraints: (1) up to three large posters can be sold, (2) up to five smaller posters can be sold, and (3) up to 10 hours can be spent on posters during the week, with each large poster requiring 2 hours of work and each smaller one taking 1 hour. With the semester almost over, Jan plans on taking a 3-month summer vacation to England and doesn’t want to leave any unfinished posters behind. Find the integer solution that will maximize her profit.

Demonstrate graphically the impact of a rise in electricity prices on the production of ice cream.

The current competitive market equilibrium price of an agricultural commodity is $3.50. Three-hundred (300) units of the commodity are sold at this price. The government has determined that price target of $4.00 would help to stabilize prices and ensure the long- run viability of the industry. At $4.00 producers would supply 400 units of the commodity. With 400 units supplied the government would need to provide a price support of $1.67 per unit. What is the value of the change in consumer surplus associated with the new policy? What is the value of the change in producer surplus associated with the new policy? .What is the net cost (or benefit) associated with the new policy?