User Account

All Pages

Find the equilibrium price and quantity

Assignment Help Basic Computer Science
Reference no: EM132275841

You've been given the following information:

Qd = 450 - 2P

Qs = -30 + P

  • Find the equilibrium price and quantity.
  • Graph the inverse supply and demand curves. Show the optimal price and quantity on the graph.
  • What is the consumer surplus and producer surplus?
  • Now, assume the government sets a price floor of $200. What is your new demand and supply? Do we have a surplus or a shortage? Explain.
  • Re-do the graph from part b and add in the price floor. Label consumer surplus, producer surplus, and deadweight loss.
  • What is the deadweight loss with the price floor (Hint: use the graph above)?
  • Finally, let's assume the government sets a price floor at $50. What is the new supply and demand?

Reference no: EM132275841

Questions Cloud

Examples of diminishing marginal utility : What are some examples of diminishing marginal utility?
Should food distributors be required to identify products : Food and seeds derived from genetically engineered plants and animals are not required to have a label that says it contains products from a GMO.
Restructuring-downsizing plan presentation with speaker note : Create a 10-slide restructuring and downsizing plan presentation with speaker notes that can be used in each department.
What do you think you would like least : Pick a few main differences to discuss. What do you think you would like best about being the opposite gender? What do you think you would like least?
Find the equilibrium price and quantity : Find the equilibrium price and quantity. Graph the inverse supply and demand curves. Show the optimal price and quantity on the graph.
Describe the processes of transcription and translation : Describe the central dogma of molecular biology, briefly describe the processes of transcription and translation. The paper should be 400- 500 words.
What progress does marshall refer to area of desegregation : In "Thurgood Marshall: The Brown Decision and the Struggle for School Desegregation," what progress does Marshall refer to in the area of desegregation?
Describe growing interest and use of emotional intelligence : Describe the growing interest and use of emotional intelligence by organizations in their recruitment and selection efforts.
Describe the psychological content reported in the article : Provide the link to your news article, and then summarize it in your own words. Describe the psychological content reported in the article

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Sample of college students

If the below data represent the number of days? absent, x, and the final exam? score, y, for a sample of college students in a general education course

  Describe constraints which encode that cell is observed

Describe constraints which encode that cell (1, 2) is observed and indicates mine is not present, that cell (2, 1) is observed and indicates a mine is present, and that remaining cells are unobserved.

  Identify two approaches to increasing throughput in a system

How many bits per second must a keyboard transmit to keep up with a typist entering 38 words per minute into a word processor? Assume each character is encoded in ASCII binary form and each word consists of six characters

  Misuse detection and anomaly detection methods

Discus the training of these models, their advantage and disadvantage and effectiveness in determining zero-day malware.

  Charges by crime classification and charge status

List the total number of charges by crime classification and charge status. Include a grand total in results.

  Peak view sound sources is a public company

Peak View Sound Sources is a public company based in Denver, Colorado and is focused on providing digital media and Web sites to music companies and musicians through the Mountain and West Coast regions. The company has a solid reputation and i..

  Can trade takes place between the two countries

Now assume that a country A takes 100 hours to produce 20 aircraft or 10 jet engines and country B takes 100 hour to produce 15 aircraft or 5 jet engines.

  List the three primary cloud-based service models

List the three primary cloud-based service models and identify the level of maintenance provided by the cloud service provider in each of the models.

  How to implement this function in terms of logic gates

Similarly, if the light is on, changing the position of either switch causes the light to turn off. Write your assumptions. Derive a truth table, and describe how to implement this function in terms of logic gates.

  This code uses separate chaining

This code uses separate chaining ...implement it using double hashing. Implement a separate-chaining table in which each integer x is hashed twice using two different hash functions h1(x) and h2(x). This will perhaps produce two different location..

  Plan the logic for a program for the sales manger

plan the logic for a program for the sales manger of the couch potato furniture company. The manger needs a program to determine the profit on any item sold. Input includes the wholesale price and retail price for an item.

  Compute the nth term in the fibonacci sequence

The other method should use three variables to contain the current term in the sequence and the two terms before it. What is the Big Oh for each of your iterative methods? Compare these results with the performance of the recursive algorithm.

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