Reference no: EM131373014
A doctoral student has just completed a study for her dissertation and found the following demand and supply schedules for hand held computers to be as follows:
Price/Computer
|
Quantity Demanded
|
Quantity Supplied
|
$200
|
1000
|
2200
|
175
|
1250
|
2050
|
150
|
1500
|
1900
|
125
|
1750
|
1750
|
100
|
2000
|
1600
|
75
|
2250
|
1450
|
50
|
2500
|
1300
|
25
|
2750
|
1150
|
Questions:
1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.
2. What is the equilibrium Price and Quantity in the market?
3. Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
4. Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gouging by the sellers. What would happen to the price and quantity in this market?
5. Disregard the events of part four. Assume that the manufacturers of this product lobby the government's lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?
6. If consumers' expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?
Mutual fund that pays per month
: In order to have an accumulation of $100,000 twelve years from today, how much does John Dean need to invest in a mutual fund that pays ¾% per month?
|
How many samples are taken over twenty meter travel distance
: ECET 380- Assuming that samples are taken at intervals of 1/4 the Coherence time to ensure correlation of consecutive samples, how many samples are taken over a 20 m travel distance?
|
Determine the interest rate gene paid
: Gene Milton borrowed a sum of $5,000 from his uncle Ben and after three years paid a sum of $5,000 and paid another $1000 after 4 years to pay off the loan. Determine the interest rate Gene paid if the payments were based on yearly compounding.
|
Justify the effects of detecting organizational gaps
: Analyze key elements using ADDIE (analyze, design, develop, implement and evaluate) of training and development geared toward improving the performance of the specific small business for which you are consulting.
|
Equilibrium price and quantity in the market
: 1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market. 2. What is the equilibrium Price and Quantity in the market?
|
Explain the term interest weapon
: Explain the term "interest weapon" and in which situations the National Bank can/will be forced to use this mechanism. If the Swedish government agree to devaluate the Swedish currency by 10%, in the short run who will then have a benefit of this; A..
|
What is the general effect of dehydration on the body
: Write an essay of at least 350 words that explains the basic functions and sources of minerals and water in the body. Include what you learned about minerals, water, and dehydration from the article. Provide responses to the following:Mention two ..
|
Price-discriminating monopolist faces
: A price-discriminating monopolist faces the following inverse demand functions: In Market One it is P1 = 80-Q1 and in Market Two it is P2 = 60-Q2 . Marginal cost is constant at $10.
|
How is this concept of leadership meaningful in your life
: Consider Frankl as a character in his own story. Using De Pree's (2004) work (the sections we have read so far) as a point of reference, do you think that Frankl demonstrated any leadership qualities in Part I of Man's Search for Meaning? What abo..
|