Original consumer surplus and original producer surplus, Microeconomics

In equilibrium, what are the letters and the total dollar amounts that correspond to the area for the...

i. Original Consumer Surplus? 

ii. Original Producer Surplus?

iii. Total Market Surplus?

Assume an effective quota has been placed on the market, changing the quantity by 3,000 units. 

What are the letters and the total dollar amounts that now correspond to the... 

iv. New Consumer Surplus?

v.  New Producer Surplus? 

vi. Area that was transferred?

vii. Dead Weight Loss?

viii. Remaining Surplus?

Posted Date: 3/7/2013 4:45:11 AM | Location : United States







Related Discussions:- Original consumer surplus and original producer surplus, Assignment Help, Ask Question on Original consumer surplus and original producer surplus, Get Answer, Expert's Help, Original consumer surplus and original producer surplus Discussions

Write discussion on Original consumer surplus and original producer surplus
Your posts are moderated
Related Questions
Ask questiowhat are the importance of the branches of economics

What is average revenue and average revenue curve Average Revenue:   The average revenue is the total revenue separated by the level of output. It is therefore the price.


a) The production function of certain firm is given as Q = 40 K 1/2 L 3/4 A unit of capital and labour costs Kshs 44 and Kshs 36 respectively. The firm would like to maxim

Money: Broadly speaking, money is anything which can be used as a means of payment (for instance, to settle a debt). It includes bank deposits, actual currency, credit cards and li

Defined Benefit Pensions: A pension plan that pays a specified monetary benefit, generally based on a pensioner's years of service and their income at the time of retirement.

During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr

#1 explain with the aid of diagram the effect of an increase in demand for palm oil on the equilibrum position for palm kernel

The enzymes are highly specific in nature. During enzymatic reaction the enzyme is so built that it binds to the substrate in a specific manner. The stepwise mechanism of enzyme ca

What does economic theory contribute to managerial economics? Explain