I need help answering questions a, b, c, d, ei and eii. (please show all work) Thank you!! The graph below shows the market for widgets. The government is considering intervening in thiS market.$40Demand$30Supply$20$100246 8 10 12 14 16 18 20 22 24 26 28 30 32noQuantitya. Calculate the total producer surplus at the market equilibrium price and quantity. Show your work.b. If the government imposes a price floor at $16, is there a shortage, a surplus, or neither? Explain.c. If instead the government imposes a price ceiling at $12, is there a shortage, a surplus, or neither? Explain.d. If instead the government restricts the market output to 10 units, calculate the deadweight loss. Showyourwork.e. Assume the price decreases from $20 to $12.i. Calculate the price elasticity of demand. Show your work.ii. In this price range, is demand perfectly elastic, relatively elastic, unit elastic, relatively inelastic, orperfectly inelastic?Price

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Answered: The graph below shows the market for…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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MSC (Suggested time- 12 mins.) MPB Q, Q. Q, Q, As Use the labelled points in this graph to identify the requested area. Pay attention to whether the points are labelled with a capital or lower-case letter. Use the same in your answer. Do not include any spaces, numbers, or symbols/punctuation in your answer - just the letters close together. (Part A) The area representing the change in TSC from switching from Q5 to Q2 is (Part B) The area representing the PNB from the market's allocation is A (Part C) The area representing the change in TEB from switching from Q1 to Q3 is A (Part D) The area representing the TEC from Q5 is A (Part E) The area representing the change in PNB from switching from Q4 to Q5 is
Total Fixed Total Variable Labor Output (workers) (units per day) (dollars) Cost Cost (dollars) 20 20 20 20 20 20 25 50 75 100 125 2 19 13 4. 16 1S
estions Pall22_Microecon_KM Join: 746518 Assigned 2 Gradebook o Handouts Sep 16, 11:59 PM Dashboard Que Sep 16, 11:59 PM < HW3 (Ch3 & 4) Homework Due in 2 days Unanswered B Melinda Lee Cantrell app.tophat.com Unanswered Ⓒ A company producing 1000 phone protection covers a week when the price was $4. Their covers become very popular pushing up the price to $8. The next month they are producing 4000 cases a week. With this information answer the following: HW3 13 Homework Unanswered Determine the elasticity of supply for this company. (2 decimal places is the default answer) Type your numeric answer and submit 10am Fall22_Microecon_KM - Assigned | Top Hat HW3 14 Homework Answered. 15/17 answered MacBook Pro Submit O Please type your answer to submit Submit 05 + 88 Becca v Open in Reading View PERFECCCCE how2ree
Output (unit) Total cost (RM) Total fixed cost (RM) Total variable cost (RM) Average fixed cost (RM) Average variable cost (RM) Average total cost (RM) Marginal cost (RM) 0 600 600 - - - - - 10 1050 600 450 60 45 105 45 20 1450 600 850 30 42.5 72.5 40 30 1800 600 1200 20 40 60 35 40 2100 600 1500 15 37.5 52.5 30 50 2450 600 1850 12 37 49 350 60 2850 600 2250 10 37.5 47.5 40 70 3300 600 2700 8.57 38.57 47.14 45 80 3850 600 3250 7.5 40.625 48.125 55 90 4500 600 3900 6.67 43.34 50 65 100 5250 600 4650 6 46.5 52.5 75 Which time period is the firm operating? Why?
(a) What do you mean by inventory carrying cost and ordering cost? Explain with examples. 2(b) Mr Mahmud operates a cosmetics shop at Dhanmondi. The annual demand for soap is 2,500 units. The setup cost is Tk.15 per order. The material cost per unit Tk.3 and the holding cost 10% of average inventory.. a) What is the optimum number of units per order? (Use EOQ formula)b) What is the expected number of orders per year if management considers the followings units for order placement: 100 units, 250 units, 500 units and 1250 units?(Use comparative tabular format)
Quantity of Labor Total Product Total Revenue 1 4 $ 18 2 8 36 3 11 50 4 13 59 5 14 63 Refer to the given data. This firm's product price is A) $4.5. B) $4.25. C) $4.8. D) $18. Please explain/show your work, thank you! 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.
How did you get the productivity of the new unit. What formula is used?
Based on this graph,Calculate the total cost for 500 pairs of shoes.
please view photo uploaded
i need the answer quickly
Consider the following data on a firm: Number of Units Sold Total Revenue (£'s) 10 20 30 40 50 60 70 100 180 240 280 300 300 280 Fixed Costs are £100, Variable costs are constant at £3 per (i) Write a table showing the price and quantity sold. (ii) Calculate the profit maximising output of the firm (iii) What are the profits at the profit maximising output? (v) unit produced. (iv) What is the average variable cost at the profit maximising output? What is the arc price elasticity of demand between 40 and 50 units?
May I have a better diagram for this question pleas and thank you!

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