User Account

All Pages

Appropriate shift in the supply curve

Assignment Help Microeconomics
Reference no: EM132478880

Explain and illustrate graphically by drawing the appropriate shift in the supply curve for each of the following products or services in terms of the situation described. Use the graphs that are provided for you, and which can be found at the bottom of the list of the situations described. Use graph (a) for situation (a), graph (b) for situation (b), etc.

a. As the popularity of bottled water continues to rise, more companies enter the bottled water industry.

What happens to the supply curve for bottled water?

b. The cost of jet fuel increases, forcing the airlines to cancel some routes. What is the effect of this

increase in the cost of production on the number of airline flights being offered to consumers?

c. How does a new cost-reducing technological improvement in the production of fuel for automobiles made from corn affect the market supply of this type of fuel?

d. The federal government puts a subsidy on corn that can be processed into fuel. How does that subsidy affect the market supply of corn?

e. The federal government offers a large tax credit to firms who produce wind-powered turbines that can be used to generate electricity. What is the effect on the supply of wind-powered turbines?

f. Coffee producers in Brazil anticipate that they can get higher prices for coffee in the future. How may that expectation affect the current production of coffee beans.

(a) S (b) S (c) S

Bottled Water Airline flights Corn-based fuel

(d) S (e) S (f) S

Corn Wind-powered turbines Coffee

Reference no: EM132478880

Questions Cloud

Create an excel chart for each growth rate in sales : determine the 'sensitivity' of the model by adjusting the values of growth rate in sales and cost of goods sold/net sales. Create an Excel chart for each growth
What is the market equilibrium price and quantity : The firm is selling its product in a perfectly competitive market, where there are 100 identical firms. What is the market equilibrium price and quantity?
Compute the correct amount of inventory at December : Dallas Tools Inc. counted its inventory on December 31 and arrived at a total inventory amount of $54,500. Compute the correct amount of inventory at December
What area of research in the field would you want to study : In relation to your doctoral program application, what area of recent research in the field would you want to study, and why? Mention about Data Analytics and.
Appropriate shift in the supply curve : Explain and illustrate graphically by drawing the appropriate shift in the supply curve for each of the following products or services in terms of the situation
What is the net cost of the merchandise : Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
What is Deb gain or loss on the transfer : The building was subject to a mortgage of $80,000 which was incurred two years ago. What is Deb's gain/loss on the transfer? What is Deb's basis in the stock
Determine the amount of the cash paid on july : On July 7, it returned $295 worth of merchandise. On July 8, it paid the full amount due. Determine The amount of the cash paid on July 8 equals
Discuss when the use of cluster analysis is appropriate : Discuss when the use of Cluster Analysis is appropriate and why in data mining. Paper should be 6th edition and plagiarism free. The response nust be typed.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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