Suppose the government put into place a program where steel makers were given a subsidy based on the weight of nails produced. What would you expect to happen to the size and quantity of nails produced? Why? (Think about what the incentive is here.)

Q: Consider a competitive market for which the quantities demanded and supplied (peryear) at various…

A: The demand and supply table is as follows:

Q: Cite and explain some constraints that can affect the supply of agricultural products

A: The some of the constraints that affects the supply of agricultural products can be due to a variety…

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A: As per the situation given here, there is hike in the prices of all the flowers but as we need to…

Q: If 18 jugs are sold at a price of $20, what is the total producer surplus? so $15 $135 $270

A: Macroeconomics may be a branch of social science coping with performance, structure, behavior,…

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A: Total cost refers to the overall expense incurred by a business or individual in producing goods or…

Q: (a) Consider two substitute goods, diesel and compressed natural gas. You are given the demand and…

A: Demand function : Q=5.6000000000000005Pc-3Pd Supply function : Q=16+6Pd+0.2Pc Price of CNG(Pc)=$8…

Q: Price (Dollars per Bushel) 950 900 850 D 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100…

A: Given:increase in MC by $150increase in demand  by 9 billion The increase in the marginal cost will…

Q: Please give two explanations for the upward slope of the demand curve to the right. ( this is a…

A: The demand for a good is the quantity demanded by consumers at a given price during a given period…

Q: Which of the following creates a deadweight loss in competitive markets? (a) Taxes (b) Import quotas…

A: Deadweight loss is created because of market inefficiencies that take place when supply and demand…

Q: Qd = 2,100 - 125P Qs = 600 + 175P,

A:

Q: Consumers in Carlandia are willing to purchase up to 100,000 cars each year. Suppose the…

A: Given; Consumers in Carlandia are willing to purchase up to 100,000 each year. Following graph…

Q: A politician argues that the United States should temporarily ban the import of battery-powered…

A: Infant industry argument is an argument used for restrictions on free trade. It says restrictions…

Q: The Ministry of Misallocation has decreed that the production of widgets must be 2000 each month and…

A: In the free market, the equilibrium price and quantity is determined through the forces of demand…

Q: (Table: Demand for Wind-Powered Turbines) Use Table: Demand for Wind-Powered Turbines. The marginal…

A: Demand Schedule: Demand schedule for a good is a combination of different price and optimal quantity…

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A: In economics, PM (profit maximization) is the SR (short-run) or  LR (long run) procedure by which a…

Q: and: P = 450 – 0.5QD ly: P = 150 + Qs

A: In autarky there is no international trade as the country's economy is self sufficient.

Q: PRICE (Dollars per ton) 4000 3200 will 2400 1600 800 0 0 80 120 160 200 240 280 QUANTITY OF…

A: The study of particular marketplaces, sectors, or industries with an emphasis on how and why…

Q: Consider a competitive market for red lentils with 100 identical farmers in Horsham Victoria, a…

A: Given that:   Consider a competitive market for red lentils with 100 identical farmers in Horsham…

Q: 1) You are the admissions director at the University of Georgia. You know there is high demand for…

A: 1) University of Georgia Admissions DirectorThe decline of scarcity which is the economic basis is…

Q: The supply of Pespi is given by the following equation: Q p S = −24 + 6Pp + Pc + 2Pw where Q p S is…

A: It is given that QPS = -24 + 6PP + PC + 2PW Here, Coke is a substitute good and water is the input…

Q: A) Use the following data to construct the graph for the market for milk. Price ($) 10 12 14 16 18…

A: Price  Demand Supply 10 400 200 12 375 300 14 350 400 16 325 500 18 300 600 20 275 700…

Q: of raw s

A: Sugar is basically refined sugar from cane and beet molasses squeeze made.

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1: Step 2:Step 3:please rate my answer

Q: The price of gasoline continues to rise at a near-record pace. If gasoline was going to be $8 a…

A: Prices: It refers to the cost of the products that have to be paid by the people when they buy goods…

Q: Learnin The majority of fresh fruit consumed in the United States is now imported, much of it coming…

A: Given the world price line is at P=$4  The US imports fruits from Mexico, Chile, Guatemala, and…

Q: This assignment is to test your understanding of Demand & Supply. Each question should be answered…

A: The relationship between the price level and the supply and demand dynamics of a particular…

Q: Reasons for changes in demand and supply, use demand and supply analysis to explain the high…

A: In any market, a change in the price of the good will have a significant impact on the quantity…

Q: Rebeco Fox Microeconomics International Trade and Tariffs This is the market for "T-shirts" in…

A:

Q: Please show all work thanks A.) According to this graph, how much is the consumer surplus when price…

A: Equilibrium is achieved at a point where demand curve intersects the supply curve. Consumers surplus…

Q: 33.Which of the following is a role of the Bank of Canada? Managing the money supply Increasing or…

A: 33. The important function of the bank is to issue notes and currency by way of managing the money…

Q: PRICE [Dolars per laptop) The following diagram shows supply and demand in the market for laptops.…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

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Q: This question tests your understanding of Application 1 in this chapter: New Zealand's tax on light…

A: The equimarginal rule states that consumers will allocate their income so that the marginal utility…

Q: The Ministry of Misallocation has decreed that the production of widgets must be 7000 each month and…

A: Deadweight loss is the financial loss occurring due to loss of efficiency in the market. It is the…

Q: Government can use price floor rather than ceiling. Price floor is also a measure of price control…

A: Government imposes price floor usually on agricultural goods so as to protect farmers from low…

Q: Explain with the use of graphs the effects of increased taxes on airline tickets on travel to major…

A: The equilibrium level is decided where the demand and supply forces are equal. The imposition of tax…

Q: Statement True False Between points A and E, curve HH is unit elastic. O O Curve KK is less elastic…

A: The elasticity of supply is the proportion by which the quantity supplied changes in response to a…

Q: 15) Suppose that the government intends to impose tariff on bananas after successful lobbying…

A: Producer surplus  is the profits that the producer earns.   Producer surplus is the difference…

Q: if d. The price of wheat increases. e. The price of fertilizer used in farming increases.

A: The deamnd curve represents quantity demanded corresponding to different price levels in the…

Q: b. What is the effect on the equilibrium price and quantity traded in a market of a change in tastes…

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Q: What Type of attraction are in Uk?  and which are the main Characteristcs of supply? (what make…

A: This can be defined as a concept that shows the total production of products and services in an…