User Account

All Pages

Graphically illustrate what the market for toilet bowls

Assignment Help Macroeconomics
Reference no: EM131326462

Suppose Ralph and Ed have the only store that sells toilet bowls in northern Maine. Their nearest competitor is 211 miles away, and these two men have a reputation for producing high-quality toilet bowls. Graphically illustrate what the market for toilet bowls will look like for Ralph and Ed. Shade in the area of profit for Ralph and Ed and label the profit maximizing price (Pe) and quantity (Qe).

Then, suppose a new federal law is passed that forces all toilet bowl manufacturers to install devices that reduce the amount of water used per flush. Using a second graph, illustrate and explain what impact this new law will have on Ralph and Ed. Shade in the new area of profit for Ralph and Ed and label the profit maximizing price (P1) and quantity (Q1). Make sure to show the old profit maximizing price (Pe) and quantity (Qe) as well.

Explain how the market changed as a result of the new regulation.

Reference no: EM131326462

Questions Cloud

Investment in facilities and equipment : The organization's strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years.
Explain role locard principle plays in criminal profilng : Explain the role Locard's Principle plays in criminal profiling.
Show that this channel is equivalent to a bsc : Show that this channel is equivalent to a BSC
Determine the capacity of the channel in bits per second : A telephone channel has a bandwidth W = 3000 Hz and a signal-to-noise power ratio of 400 (26 dB). Suppose we characterize the channel as a band-limited AWGN waveform channel with Pav/W N0 = 400. Determine the capacity of the channel in bits per sec..
Graphically illustrate what the market for toilet bowls : Suppose Ralph and Ed have the only store that sells toilet bowls in northern Maine. Their nearest competitor is 211 miles away, and these two men have a reputation for producing high-quality toilet bowls. Graphically illustrate what the market for..
Rate of growth of real gdp : If the rate of growth of real GDP remains unchanged, calculate the new rate of growth of per capita real GDP following the increase in the birthrate.. (Enter your response as a percentage rounded to one decimal place.)
What role has class race and gender played in their lives : What role has class, race, and gender played in their lives? How do you see these stratifiers as playing a role, even if the interviewee is unaware of it
Determine the capacity of this channel : If a discrete-time memory less Gaussian source with a variance of 4 is to be transmitted by this channel, and for each source output, two uses of channel are allowed, what is the absolute minimum to the achievable squared-error distortion?
Financial aspect of an organization influence : 1. How does the financial aspect of an organization influence decision making and the outcome? 2. What are the advantages and disadvantages of a firm's use of power purchasing parity? Provide an example.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Supply or demand analysis and pollution permits

The Bureau of Labor Statistics reported that in December 2002, total labor force was 142,542,000 of a possible 214,967,000 working age adults.

  Assume an individual purchases of good

Assume an individual purchases 500 units of good and spends 10,000 dollars.

  You are a member of the metropolitan taxi commission which

you are a member of the metropolitan taxi commission which sets taxi fares for your city. you have been told that long

  Significantly influence and outcome

If the person who decides how voting is to be done can significantly influence the outcome, which of the following must be true of the voting system.

  Which regression coefficients are statistically significant

A statistician from your firm used a linear demand specification to estimate the demand for its product and sent you a hard copy of the results; then she quit. Unfortunately, some entries are missing because the toner was low in her printer. Use t..

  Liberalization of trade

Why would trade unions of low-skill workers be most against the liberalization of trade?

  Shifting the demand and supply curve

How will demand and supply curve shift. Labor market for math and science teachers when wages available in private industries utilizing these skills rise or else.

  Explain why the federal reserve will be less inclined

If the U.S. economy is operating near full employment and the exhange rate increases(the dollar appreciates),

  Application of diminishing marginal return

Suppose you are running a photo copy center that makes illegal copies of the textbook. An illegal copy of the book sells for $10 and you only have one copy machine.

  Find equilibrium interest rare and what happens in fed

Find the equilibrium interest rare and what happens in the FED ( federal Reserve Bank) increases the money supply to $1,200

  Give a bnf and a ebnf

Give a BNF and a EBNF for each of the languages below. (a) The set of all strings consisting of zero or more as.

  Find what is the official unemployment rate

Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion i..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd