What is the loss in producer surplus

Assignment Help Business Management
Reference no: EM131194976

1. The city of Austin can buy roads or light rail.  If 5 miles of roads cost $1 million and 10 miles of light rail cost $10 million, what is the city's opportunity cost of 20 miles of light rail?

2. Suppose the demand curve is: P = 200 - 2QD and the supply curve is: P = 100 + 3QS.  What is producer surplus in the market at the equilibrium price and quantity?

3. Assume that Qd = 80-2P and Qs = 2P-20 and the market is in equilibrium. If the government imposes a price ceiling at $20 in this market, what is the loss in producer surplus?

Reference no: EM131194976

Questions Cloud

Determine the horizontal force p : Determine the horizontal force P required to hold the mechanism at ? =45° . - The spring has an unstretched length of 6 in.
Equilibrium market price and quantity of lumber : The lumber industry (lumber is wood used in manufacturing) in a city is a perfectly competitive industry. The long-run cost function for a lumber firm is C(q)^2 +1000 where q is a standardized amount of lumber. The market demand in the city is ,0..
Draw flow diagrams of unit operations for producing : Draw flow diagrams of unit operations for producing from raw MSW the following products: a. RDF-1 b. RDF-2 c. RDF-3 d. RDF-4 No other materials are to be recovered, and the purity of the fuels is important.
Find the linear equation that relates value : Office equipment was purchased value for $20 000 and assumed to have a scrap value of $2000 after 10 years. if its value is depreciated linearly (for tax purposes) from $20 000 to $2 000:  a. Find the linear equation that relates value (V) in doll..
What is the loss in producer surplus : Assume that Qd = 80-2P and Qs = 2P-20 and the market is in equilibrium. If the government imposes a price ceiling at $20 in this market, what is the loss in producer surplus?
Why teams are essential to health care : How teams are used in other industries, such as aviation, auto racing, and the military, How lessons from other industries might be applied to the health care industry and Which organizational processes support problem solving.
Calculate stoichiometric air : Calculate the stoichiometric oxygen necessary for the combustion of cellulose.
Most significant domestic and international achievements : When Ronald Reagan died in 2004, he was widely hailed as one of the greatest American presidents and credited with ending (and winning) the Cold War. Evaluate Ronald Reagan's legacy in the United States and in international affairs. What were his adm..
Identify the persons who prepared the element : Identify the person(s) who prepared the element and describe the information a user would expect to find in each element.

Reviews

Write a Review

Business Management Questions & Answers

  To meet external reporting requirements

In a joint production process, the allocation of joint (common) costs to the joint products is needed: A. To determine whether the firm in question should produce at all. B. To meet external reporting requirements (i.e., for financial statement pre..

  Why do you think that is the case

Why do you think that is the case? Might Americans image in this regard be improved on? How?

  Research and analyze a case involving ethical issues

Research and analyze a case involving ethical issues surrounding corporate governance from a global position.

  When responsibility a job search do you use a cover letter

When responsibility a job search do you use a cover letter? If so, what is the purpose of a cover letter? For job searching online or electronically do you use a cover letter as well

  Explain product mix and product life cycle

Explain the new product and would you keep that same brand name or use a new one and why

  How will this affect economic growth

How will this affect economic growth and How will this affect the standard of living?

  Women in the workforce amp the glass ceilingthe issue of a

women in the workforce amp the glass ceilingthe issue of a glass ceiling is not new but it doesnt appear to have

  How would you address challenges faced by minority employees

how would you address challenges faced by minority employees

  Compare and contrast the two management development

1. Compare and contrast the two management development techniques that require trainees to work in groups: action learning and management games.

  Discuss at least three criteria the company should use

Discuss at least three criteria the company should use to decide which of the four listed options is best and the reasons explain why each criterion should be used.

  Which of the subsequent attempts to assess the impact

Which of the subsequent attempts to assess the impact of a change in the input data or parameters on the proposed solution?

  What is the current yield and the yield to maturity

A $1,000 zero coupon bonds sells for $519 and matures after five years. What is the current yield and the yield to maturity?

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