FontParagraphStyles5 suppose the industry demand function is p subscript d end subscript equals fraction numerator90 over denominator y plus 1 end fraction, and the industry supply function is p subscript s endsubscript equals y. To find the total market surplus (TS).a.another answerb.LLLLLI90in9+40.590ln10-40.5d.90in9-81e90in10-81f.90in10+8190in9+81h90in10+40.5Select-Editing Нека отрасловата функция на търсене е ра=на пазара (TS).a. ДРУГ ОТГОВорb. 90ln9+40.50 c. 900n10-40.50 d. 90ln9-81О е.90In10-81O f. 90ln10+8190ln9+81О g.0 h. 90In10+40.590а отрасловата функция на предлагане е p s=y. Да се намери общият излишъку+1

The total market surplus equals the total of consumer surplus and producer surplus. The consumer…

5 suppose the industry demand function is p subscript d end subscript equals fraction numerator 90 over denominator y plus 1 end fraction, and the industry supply function is p subscripts end subscript equals y. To find the total market surplus (TS). a another answer b. LLLLLI 90n9+40.5 90in10-40.5 90in9-81 90in10-81 90in10+81 90in9+81 h 90in10-40.5

5 suppose the industry demand function is p subscript d end subscript equals fraction numerator 90 over denominator y plus 1 end fraction, and the industry supply function is p subscripts end subscript equals y. To find the total market surplus (TS). a another answer b. LLLLLI 90n9+40.5 90in10-40.5 90in9-81 90in10-81 90in10+81 90in9+81 h 90in10-40.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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da 6 A market is characterised by an inverse demand curve p = 8 - 2O where Q is total quantity. Two firms, A and B, are competing à la Cournot and ta non TCA(qA) = 29A and TCB(qB) = 9 %3D %3D data Total profits n (Le. the sum of profit for the two firms) are equal to: ggio max. ontrassegna O (a) N = nda O (b) = 16 O (c)N = 4 O (d) = 9
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Suppose that the quantity demanded of good X rises from 90 units to 110 units when its orice falls from $1.20 to 00 cents per unit long the are-elembory a demand/mid-point method, the own- price elasticity (absolute value only) of demand for this product is Select one a. 1 b. 4 c 0.75 Od 0.5 e2
3. Assume inverse demand function for game console in an imaginary country is P=1200-4Q and the total cost function is TC=400+4Q². Government put $120 of specific tax on production. a. If the market is competitive what is the incidence of tax on consumer? b. If the market is monopolist what is the incidence of tax on consumer?
Suppose that the supply and demand schedules for a local electric utility are as follows:Price 17 16 15 14 13 12 11Quantity supplied 9 7 5 3 1 - -Quantity demanded 3 4 5 6 7 8 9The price is in cents per kilowatt hour (kWh), and the quantity is millions of kilowatt hours. The utilitydoes not operate at prices less than 13 cents per kWh.(a) Using graph paper and a ruler, or a computer spreadsheet or presentation program, carefully graphand label the supply curve for electricity.(b) On the same graph, draw and label the demand curve for electricity.(c) What is the equilibrium price of electricity? The equilibrium quantity? Label this point on yourgraph.(d) At a price of 17 cents per kWh, what is the quantity supplied? What is the quantity demanded? Whatis the relationship between quantity supplied and quantity demanded? What term do economists useto describe this situation?(e) At a price of 14 cents per kWh, what is the relationship between quantity supplied and quantitydemanded? What…
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¹Consider a monopoly firm- firm 1 - which is choosing to invest in a new production facility. It has two choices: Facility Cost Capacity Small, S $12 2 units at zero marginal cost Large, L $30 10 units at zero marginal cost Both choices put a capacity constraint on the amount that the firm can produce. The firm is less capacity constrained if it builds a larger facility; however, a larger facility also imposes a greater cost. The demand curve for firm 1 is: P = 12 - Q₁ A. Suppose the monopoly firm does not face any threat of entry. Will the firm invest in a small or a large facility?
16 Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $600 per bicycle. In order to increase sales by one bicycle per month, the monopolist must lower the price of its bicycles by $50 to $550 per bicycle. The marginal revenue of the 11th bicycle is Ic raw Multiple Choice $50 $-50. $6,050. $50. Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.
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