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- The Health Ministry is evaluating the data of the soft beverages market. Demand function: QD=290−5P Supply function: QS=−60+5P (a) Find the Total Surplus. The authority is concerned about the increasing obesity rate in the country. Hence, they have decided to impose a tax of TK 10 per unit on soft drinks. (b) What is the total new consumer surplus and producer surplus after government intervention? Note: Bartleby does not accept more than 3 sub-parts, and here are only 2. Please answer all to get a 'like'. Thanks.Implicit Price is co2= 4 USD / ton; Marginal benefit curve to be modelled by y=3x2+5x-2 Expected marginal cost to be modeled by y= -15x+18 Calculate the real market cost, define the best mechanism to implement a carbon reduction program. Explain why and implement if necessary, price control mechanisms. Through price discovery, the scheme finds out that the real marginal cost curve is y=-4x+120. Explain if your previous choice was the best, and what would you need to do in order to minimize losses and maximize CO2 reduction.Suppose that the demand and supply for floor standing speakers are given by: Demand: Qd=5,000-3P Supply: Qs=-1,000+5P If the government imposes a $400 tax, how much would the consumers pay and how much would the sellers receive? Pconsumers=$350; Psellers=$750 Pconsumers $900; Psellers=$500 Pconsumers=$750; Psellers=$350 Pconsumers $1000; Psellers=$600
- Suppose that the demand and supply functions for good x are given as follows: Q = 240-2P, +1-P, and Q - -30+ P-21 +8-25 where P, denotes the price of good x. P, denotes the price of a related product y, I denotes income, t denotes tax firms face, s denotes subsidy and f denotes factor prices What is the equilibrium quantity of x as a function of exogenous variables P, .I. t. s and f eqb Qeqb Qeq = 60 + = 90 + = 1+Py-4t+2s-4f 3 90+ 1-Py-4t+2s-4f 3 eqb Qx = 60 + 1-Py-4t+2s-4f 3 1+Py+4t+2s-4/ 3Q2-11 Which of the following situations would represent a "small-country" case in the analysis of the elasticities approach to devaluation? Select one: a. demand for exports curve has normal downward slope, supply of imports curve is horizontal b. supply curve of imports has normal upward slope, demand curve for exports is horizontal c. supply curve of imports is horizontal, demand curve for exports is vertical d. demand curve for exports is horizontal, supply curve of imports is verticalIf the pre-tax cost function for John's Shoe Repair is C(q)=100+10q-q^2+1/3q^3, and it faces a specific tax of t=10, what is the profit-maximizing condition if the market price is p? Can you solve for a single, profit maximizing q in terms of p?
- Answer is 10,786.8The demand equations for the related products A and B are given by: 30 PB 9A (PA) qB 50√ PA (PB) where qA; qB are the quantities demanded of A and B and pA; pB are the corresponding prices in dollars per unit 1What is the value of the marginal demand for product A with respect to pA when pA = 8 and pB = 64? 2What is the value of the marginal demand for product A with respect to pB when pA = 8 and pB = 64? 3Indicate whether products A and B are complementary, competitive, or neither.Consider the following demand and supply function of product ZT: Qd = 25 - 1.25 P Qs = -9 + 3 P Note: Determine the equilibrium point first to answer the following question. 3. How much is the producer surplus, with out sales tax? Use a number, 2 decimal values, no commas, no space, no signs. * 4. What is the equilibrium point? * a. (15 , 8 ) b. (8 , 15) c. (8 , 25) d. (15 , 21)
- A5 In a closed economy, the demand and the supply function for a given commodity are QD =150-2p and QS = - 50+2p, respectively. Suppose that the government provides a subsidy equal to16 Euros per unit of quantity supplied. Determine the price the producers receive, the price the consumers pay, the total sales, and the cost to the taxpayers in the industry equilibrium with the subsidy.The demand and supply functions for a product are: O, = 50 - 3P and O, =-6+4P, respectively B (i) Graph each function on the same diagram. From the graph determine the equilibrium price and quantity. Confirm your answer algebraícally. (ii) If the producer must pay a fixed tax of £3.5 per unit, rewrite the equation of the supply function to include tax. Graph the supply function and hence determine the equilibrium point when tax is included. What percentage of the tax is paid by the consumer? Give an interpretation for your results.Rubber for erasers is produced in the market. There are equations for the Supply and Inverse Demand of eraser rubber that model its Supply and Demand graph. These equations are (for supply), P = 20 + Qs, and (for Inverse Demand), P = 80 - Qd. With that said, the government realizes that it is not turning out enough revenue from the market. As a result, it places a per-unit sales tax of $10. (Part I) Draw the market equilibrium with the government intervention (Q**, PD**, and PS**) of the sales tax. Please label the graph for slopes, equilibrium points, sales tax, etc. (Part II) What is the market equilibrium without the intervention of the government? (Part III) The government once again realizes that the previous tax was not sufficient, and the government is still not making enough money. So, it increases the sales from $10 to $20. Consequently, what is the new market equilibrium point (Q**, PD**, and PS**) with this new intervention? It is not necessary to label this point on the…