The let graph shows the world market for wheat The right graph shows the cost curves and the marginal revenue curve of an individual wheat farmer at the initial long-run equilibrium The world population increases in the left graph, draw the new demand curve. Label it Draw the market supply curve that returns the wheat market to its long-run equilibrium Label Draw a point to show the new long-run equilibrium price and quantity in the right graph, draw a point to show the firm's price and quantity in the long run Draw only the objects specified in the question 16 Price (dollars per bushe) 124 164 124 10 XX 4 10 Price and cost (dollars per bushel) MC 65 10 15 20 25 30 35 40 Quantity (bions of bushels per year) 200 ATC AR 50 100 150 200 250 300 350 400 Quantity (thousands of bushels per year)

Herriott's is the only veterinary clinic in a remote village. The graph shows the demand curve for the firm's vet visits. Now suppose that there are 30 veterinary clinics, all able to produce these vet visits at zero marginal cost and with zero fixed costs. How does the equilibrium price and quantity produced with 30 veterinary clinics compare to Herriot's price and quantity produced? Draw the supply curve when there are 30 veterinary clinics. Label it. Draw a point at the equilibrium price and quantity. The monopoly price is The monopoly output is A. higher; less B. higher; greater OC. lower; less D. lower; greater than the perfectly competitive price. than the perfectly competitive output. C 120 100- 80- 60- 40- 20- 0- 0 Price and cost (dollars per visit) D 8 24 16 32 Quantity (visits per day) >>> Draw only the objects specified in the question. 40 ON 48

Every House in a small town has a well that provides water at no cost. However, if the town wants more than 10,000 gallons a day, it has to buy extra water from firms located outside of the town. The town currently consumes 9,000 gallons per day. a. Draw a linear demand curve b. The firm's supply curve is linear and starts at the origin. Draw the market supply curve, which includes the supply from the town's well. c. Show the equilibrium. What is the equilibrium quantity? What is the equilibrium price? Explain   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.

Sally runs a vegetable stand. The following table shows two points on the demand curve for the heirloom tomatoes she sells: Price $3.50 $2.25 Quantity demanded per week 150,000 250,000 Sally's marginal revenue from lowering the price of tomatoes from $3.50 to $2.25 is $ 0.375. (Enter your response rounded to two decimal places.) Lowering the price from $3.50 to $2.25 results in an output effect of $ and a price effect of $. (Enter your responses as whole numbers and include a minus sign if necessary.)