What are the high costs; social and environmental in the production of two of the following products, one from each group cotton and chicken ?

Q: 7. The following table gives the supply schedule for Zema Co, a UK based coffee producer. Price (£)…

A: The price elasticity is the ratio of percentage change in quantity to the percentage change in…

Q: he supply and demand model for 2lb bags of oranges can be represented by: Ps = 8 + 2Qs Pd = 15 -…

A: Given PS =  8 + 2q Pd =  15- 1.5 q Equilibrium is achieved where D = S 8 + 2q = 15 – 1.5q 3.5q = 7…

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…

Q: Assume that the following represents a supply/demand diagram. Please indicate what labels should…

A: Price is the value of a particular good and service that are imposed on the good sold. Quantity of…

Q: e of ses

A: Sesame seeds which are commonly known as Til in India is largely being produced for its oil and is…

Q: What happens to the supply curve when the there is advancement in technology

A: Solving with the help of graph

Q: 1. How did the flood affect onion production? Can you show the change in equilibrium price and…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: (d) The producer surplus is $_ 1600 million. Now, suppose the government imposes a quota of 60…

A: The equilibrium is where the demand curve intersects the supply curve.  Producer surplus is the area…

Q: What conditions must be met for a market to exist?

A: There are different forms of market, the one discussed in this question is the perfect competitive…

Q: Write an examples of the product and service supplied in the United States by apply the theory of…

A: In the production process, the conditions and fluctuations that happen between demand and also the…

Q: Rules and laws are a large part of business. Who imposes regulations that require suppliers to…

A: The question is asking about the entity that imposes regulations and guidelines that suppliers in a…

Q: Was this change an increase or decrease?  As a result did the equilibrium price and quanity…

A: There is increase in demand if the demand curve shifts to right.  There is decrease in demand when…

Q: How has the current economic growth affected the food industry in Canada?

A: As a result of the COVID-19 emergency, reaction plans for food laborers were created to give…

Q: Price (dollars par bar 3.00 2.50 2.00 1.50 1.00 0.50 0 Supply of energy bars (original) 5 25 30 35…

A: Quantity supplied in economics refers to the volume of goods or services that suppliers will make an…

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

A: In the given graph, the Y-axis represents the price and X-axis represents quantity of tote bags. The…

Q: Anne, Debbie, and Mary are the only producers of fudge in an isolated village. Price (dollars per…

A: Supply means when a supplier want to sell their product at  particular price and specific quantity ,…

Q: How does one identify a market?

A: The number of organisations in the market (selling and buying), their relative bargaining power in…

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: What happens to the supply curve when the there is advancement in technology

A: # The supply curve moves rightward when there is rise in supply and on the other hand when the…

Q: Why is there a price hike in sugar in the Philippines?

A: A rise in price expressed as a percentage of goods or services. The demand for goods increased as a…

Q: arket? Firms in this industry have been given a subsidy to encourage more production. The good…

A: An externality is a cost or benefit that is not reflected in the market price of a good or service…

Q: PLATINIUM MARKET Price Price (kg) FIRM 100 MC Smarket 90 80 €70 70 ATC 60 50 AVC D market 40 30 2500…

A: The functional relationship between the factors of production (inputs) and output is shown by the…

Q: Why do human beings (consumers) engage in buying, using, and disposing of commodities? Explain how…

A: The study that helps individuals in making efficient allocation of scarce resources among the total…

Q: Discuss the spot market and its spread

A: The Spot Market: A Bustling Hub for Immediate DealsThe spot market, an essential component of the…

Q: Suppose country B is a small export country (price taker) in the world market of lamp trade. Its…

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: Identify 5 common issues in food and Agriculture and list down possible solution to solve the…

A: Food and agriculture industry is main part of the economy. Which contributes very large amount to…

Q: A gasoline station, near a professional football stadium, parks cars on its lot to make money on…

A: When the parking fees in gasoline station lot was $4 per car, the number of cars parked was 1000…

Q: 3. Draw the supply and demand for milk on the world market. Then, predict what will happen to the…

A: At the equilibrium price, the quantity demanded is equal to the quantity supplied.Equilibrium occurs…

Q: Explain the differentiation and positioning in terms of the relationship between the price and…

A: Price is gradually known to be as the value of the money that has to be merely paid for acquiring a…

Q: 1. Which of the following variables does not directly impact the quantity of a good the firm is…

A: When the income of the consumer who buys the commodity changes, it changes the quantity demanded of…

Q: I'm studying for my final at the end of the week and haven't been able to answer this question and…

A: The demand curve is the curve that would describe the relation between the price of a commodity and…

Q: Assignment: Explain in your own understanding the Law of Supply and Demand. Site example

A: Supply is a basic economic term which describes the total quantity available to consumers of a…

Q: Using the graph, complete the table that follows by indicating whether each statement is true or…

A: Elasticity of supply measures the responsiveness of quantity supplied with respect to change in…

Q: In 2020, wildfires and wildfire smoke destroyed thousands of acres of wine grape crops in northern…

A: Thousands of acres of destroyed vineyards were among the devastation left behind by one of the worst…

Q: e. Repeat parts b-d for 12 million hours instead of 8 million hours. f. What is the efficient…

A: e. Consumer surplus = 1/2×(20-16)×12 = 24 Producer surplus = 1/2×(16-10)×12= 36 So total economic…

Q: Who are on the supply side of the market?

A: In a market, the equilibrium price and equilibrium quantity of a good is determined by the market…

Q: Draw a supply and demand curve for oil. The government says we can no longer import oil from…

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

Q: How much the cost of a tariff pass through the prices paid in the United States depends on a.…

A: The cost of the tariff will depend on the elasticity of demand for the good. When the goods have…

Q: price and quantity of hamburgers,

A: Substitute goods – these are 2 goods which can be used for a similar purpose, that means they are…

Productive and Allocative Efficiency Analysis

Productive efficiency, also referred to as production efficiency is a term in economics describing the level at which a company is operating at its maximum capacity. Beyond this point, the entity will be unable to manufacture any additional goods without cutting down another product’s production level. This occurrence is an outcome of production happening alongside a Production Possibility Frontier (PPF).