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ADVANCED ANALYSIS Assume the following values for the figures below: Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $45 per bag. In Figure (a), the price at point a is $85 per bag. The price at point c is $5 per bag. The price at point d is $55 per bag, and the price at point e is $35 per bag. In Figure (b), the price at point f is $59 per bag. The price at point g is $31 per bag. Values for points a, b, and c are the same as in Figure (a). Apply the formula for the area of a triangle (Area = ½ × Base × Height) to answer the following questions. a. What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level Q1 is being produced? $ . How large is the dollar value of the consumer surplus at the output level Q1? $ . b. What is the dollar value of the deadweight loss when output level Q2 is being produced? $ . What is the total surplus when output level Q2 is being produced? $ . c. What is the dollar value of the deadweight loss when output level Q3 is produced? $ . What is the dollar value of the total surplus when output level Q3 is produced? $
Stocks and bonds-and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange. and checking accounts are all stores of value and commonly function as mediums of exchange.
Calculating inflation using a simple price index-Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of going to college? Check all that apply.
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Suppose the production function for T-shirts can be represented as q = L^0.25 K^0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is additionally need..
Monsanto, Corp paid dividends of $2.80 last year. Over the next three years the earnings and dividends are expected to grow by 10% per year. Thereafter, assume that the dividends will grow at a 5% rate forever. If investors required return on Monsant..
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