User Account

All Pages

Representing the natural gas market

Assignment Help Business Management
Reference no: EM131286000

The following are the demand-supply equations representing the natural gas market.

QD=38 -2P

QS =20+P

1. Calculate the consumer surplus and the producer surplus in this market.

2. The government sets a price ceiling equal to $3. Calculate the new consumer surplus and the new producer surplus after the price ceiling goes into effect. Also calculate the deadweight loss (if any).

Reference no: EM131286000

Questions Cloud

Determining the total variable costs : It is safe to assume that potatoes are sold in perfectly competitive markets. The price of a bushel of potatoes is $4 and Sam sells 100 bushels at that price. He has $250 of fixed cost. Sam figures if he produces one more bushel of potatoes, his t..
What is the manufacturers expansion path : What is the average and marginal cost of gumball production - Graph the average and marginal cost curves for gumballs assuming v=4, w=5.
Farmer operating a local farm : Suppose that you are a farmer operating a local farm. You plant fifty seeds and watch them grow into stalks of wheat with plump wheat berries. The next year, you one hundred seeds on your plot of land and you harvest double the amount of wheat.
Why is trust so important to customer-provider relationship : Why is trust so important to the customer-provider relationship? How do recalls impact customer trust in an organization or industry? How have mobile and other technologies impacted customer loyalty?
Representing the natural gas market : The following are the demand-supply equations representing the natural gas market.
Create powerpoint presentation on computer concept : Create a presentation about a place to which you have traveled or would like to travel. Puerto Rico
What can one understand through risk assessment : Based on a literature study determine the sustainability of concentrated solar power systems.
Competitive firm that manufactures house paints : You are the owner manager of a perfectly competitive firm that manufactures house paints. The industry is in a long run equilibrium. Each firm's long run cost curve is given by TC=36Q-10Q^2+Q^3.
Determining the economy-class tickets : Use this information to construct the demand curves of business travelers and tourists respectively, if it is given that the demand curves for both groups are linear and that the marginal cost of a ticket is constant at $50.

Reviews

Write a Review

Business Management Questions & Answers

  Assess potential global strategies for the organization

Develop strategic recommendations to the board of directors including rationale.

  Hold harmless clauseshow the importance of the hold

hold harmless clauseshow the importance of the hold harmless clause in managed care contracts and the impact of this

  Benefits and challenges while working in group

What were some benefits and challenges you faced while working in this group?

  Show internal factor evaluation matrix for mcdonalds

Prepare an IFE Matrix for McDonalds. Summarize your observations, including strategic implications as a result of the IFE and Financial Ratio analysis.

  Prepare a career plan report

Prepare a career plan report on Business Analyst or or Corporate Tax Consultant

  Employees with disabilities and outdoor training to develop

employees with disabilities and outdoor training to develop teamworkoutdoor teamwork building programs have become

  Describe a group whose members reside in a specific locality

What can describe a social group of any size whose members reside in a specific locality,- share government - have a common cultural and historical heritage?

  Measurements-the future

Describe measurement methods for industry drivers. Why is measurement important to companies and industries? Some examples of uses of measurements are listed here:

  Leadership style- what do people do when they are leading

Assignment: Leadership Style: What Do People Do When They Are Leading, Provide a brief (one [1] paragraph) background of the CEO

  What was the approach used by softsource to adopt green it

ITECH1005 - Business Information Systems. What are the main drivers that motivate organisations to adopt Green IT? What was the driver for Softsource to adopt Green IT? What was the approach used by Softsource to adopt Green IT

  Number of organizations-benefits

Look at various scenarios in the context of organizations with which you are familiar and demonstrate how a benefits menu can be a critical success factor in attracting and retaining talent.

  Visiting the websites for companies

When visiting the websites for companies such as E-bay, Amazon,Wall-Mart and Expedia. How their business model is dramatically different than that of a traditional business that provides a similar product or services.

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