Explain what will happen to price and marginal cost of rice

Assignment Help Microeconomics

Reference no: EM131048395 , Length: word count:100

Explain what will happen to price, the marginal cost of rice, and the quantity produced if the government sets a production quota of 2000 bags a week.

Draw a graph and explain your answer

Reference no: EM131048395

Questions Cloud

What is the internal rate of return on the project : What are the cash flows associated with the project for each year? What is the NPV of the project? What is the internal rate of return on the project? Would you accept the project? Why or why not?

How much is the sales tax : A2331 Final Exam- Practice Questions. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax

Use the descriptive statistics to compute : Potential jurors. On page 28-11 are descriptive statistics and a scatterplot for the reporting percents in 1985 and 1997 from Table 28.2. (a) Use the descriptive statistics to compute the least-squares regression line for predicting the reporting ..

Twain life history and why family is important : Twain life history and why family is important? Must use quotes from huckleburry finn describing his life.

Explain what will happen to price and marginal cost of rice : Explain what will happen to price, the marginal cost of rice, and the quantity produced if the government sets a production quota of 2000 bags a week.

Identify the following rocks using the key provided : Identify the following rocks using the Key provided. Place the names with the appropriate number. Basalt, Breccia, Chert, Conglomerate, Coquina, Diorite and Fossiliferous Limestone.

Key concepts in economics - how concept that you identified : Identify at least four key points of a relevant economic article - Identify at least four key points of a relevant economic article from either the Strayer Library or a newspaper.

The growth of icicles starting at length : How fast do icicles grow? We have data on the growth of icicles starting at length 10 centimeters (cm) and at length 20 cm. An icicle grows at the same rate, 0.15 cm per minute, starting from either length.

Population regression model that describes this setting : Bird colonies. Suppose (this is too simple to be realistic) that the number y of new birds that join a colony this year has the same straight-line relationship with the percent x1 of returning birds in colonies of two different bird species.

User Account

All Pages