Change of consumer and producer

Assignment Help Business Economics
Reference no: EM138779

Q1. Suppose demand and supply are given by
Qd= 7-1/2px and Qs=1/4p-1/2

Determine the equilibrium price and quantity
suppose a $6 excise tax are impose on the good. Determine the New equilibrium price and quantity

Q2. Textiles, inc. and Fabric Corporation enter into a contract for a sale of muslin. the terms do not clearly indicate whether it is destination or shipment contract. a courts would most likely presume that it is?

Q3. How does the change of consumer and producer surplus compared to the tax revenue?

Reference no: EM138779

Questions Cloud

What is the tension while rock is at the bottom : A train is travelling up a 4.0 incline at the speed of 3.25 when the last car breaks free and begins to coast without friction. How long does it take for the last car to come to rest momentarily.
Decision-making model developed : Apply the decision-making model developed. What are the basic steps in all types of decision making processes.
The electric field consequences for conductors : Two spherical conductors are connected by a long conducting wire and a total charge of 20.0 μC is placed on this combination. One sphere has a radius of 4.0 cm while the other has a radius of 6.0 cm. Explain the reasoning of the steps that allow you ..
Which laser emits the higher-frequency light : An astronaut on the Mars attaches a small brass ball to a 1.00- length of string and makes a simple pendulum. She times 13 complete swings in a time of 35.4 seconds. From this measurement she calculates the acceleration due to gravity on the Mars.
Change of consumer and producer : How does the change of consumer and producer surplus compared to the tax revenue.
What is the terminal voltage of the battery : The loaded cab of an elevator has a mass of 3.0 x 10^3 kg and moves 145 m up the shaft in 23 s at constant speed. At what average rate does the force from the cable do work on the cab.
A second firm is considering entering this market : A second firm is considering entering this market. What variety should it offer. What prices will the firms charge.
Calculate the initial lengths of rods a and b in rod c : A 25- sample of an ideal gas with is at 250 and 50. The gas is compressed isothermally to one-third of its original volume, then heated at constant volume until its state lies on the adiabatic curve that passes through its original state, and then al..
Commission recommendations : Explain in detail rather than general in your recommendation.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Total profit of the firm

What would be the total profit of the firm if it sells the entire output at a cost of Rs. 60 per unit.

  Sole mechanism for determining the optimal level

Deficient as the sole mechanism for determining the optimal level of resource employment.

  Federal government ought to manage economy

Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.

  Michael porters five-force model

Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.

  Leader country and follower country

The constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy.

  Comparative advantages

Explain how supreme as well as comparative advantages were used in your simulation.

  Estimated regression equation

Estimated regression equation for which quantifies the demand for Widget

  Corporate income taxes

Trace out exactly where this 100 increase in income goes in the second round and compare to our simpler treatment with a closed economy and lump sum taxes.

  Domestic employment disagreement

The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits.

  Sketch the extensive form of the game

Sketch the extensive form of the game, carefully labelling the players that move and the actions they have available

  Constant yearly rate of inflation

What constant yearly rate of inflation would lead to the price rise observed over those two years.

  Competitive market equilibrium

Calculate the firm's optimal output and profits if prices rise to $65 per unit and also calculate equilibrium output, price and profit levels if the firm is typical in its industry.

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!

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