Price Total cost Quantity (tickets per (dollars per ticket) (dollars per show) show) 20 1,000 18 100 1,600 16 200 2,200 14 300 2,800 12 400 3,400 10 500 4,000 8 600 4,600 6. 700 5,200 4 800 5,800 At the market equilibrium, no children under 10 years old attend the circus. Big Top offers children under 10 a discount of 50 percent. How will this discount change the consumer surplus and producer surplus? Will Big Top be more efficient by offering the discount to children?

Q: The following are causes of shift in demand EXCEPT

A: Demand curve of a good depicts the quantity demanded by the consumers at various prices.

Q: Problem 3. Complete the following table: Output TR AR MR (Units) (8) (8) (?) 1 10 8. 6. 2. 3.

A:

Q: 3 Calculate Primary deficit ( in crore) Items 9000 (i) Fiscaldeficit 400

A:

Q: † quantity demanded is completely unresponsive to

A: Elasticity measures how much responsive the quantity demanded is towards the changes in the price of…

Q: Which is NOTa cause of shift in cost curves of a firm?

A: To find : Which is not cause of shift in cost curves of a firm.

Q: During short period, diminishing returns may follow because

A: To find : What results in following diminishing results.

Q: Quantity (tickets per Price Total cost (dollars per (dollars per show) ticket) show) 20 1,000 18 100…

A: No children under 10 are allowed at the equilibrium, the auction discount is reduced from the…

Q: Problem 1 (THINK) A hotel has 140 rooms. Average room rate is $80.00. Total room revenue for the…

A: Revenue is earn by producer or seller by selling goods and services and calculate by number of goods…

Q: 140 Planned AE 120 100 New Planned AE 80 60 40 20 20 40 60 80 100 120 140 160 180 200 Real GDP (in…

A: MPC states that marginal propensity to consume  , which show the consumption level from the income…

Q: According to a new report from the United Nations' Intergovernmental Panel on Climate Change,…

A: A tabular representation of the possible outcomes of a decision or set of decisions, along with…

Q: Nation A's production Nation B's production in 1 day Computers in 1 day Computers |Software 100 120…

A:

Q: QUESTION 3 Self-organization should be sacrificed for short-term productivity and stability. True O…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Q.2 An economy described by the Solow growth model has the following production function: y=vk…

A:

Q: The consumer is in equilibrium at a point where the budget line

A: Consumers are balanced at the intersection of the budget lines.

Q: Consider a stock which pays dividends continuously at a rate propor- tional to its price. The…

A: A dividend is the dissemination of benefits by an enterprise to its investors. At the point when a…

Q: Draw a Venn diagram for each of the statements below. Shade and/or mark an "X' on the relevant…

A: Since you have posted multiple subparts, as per the guidelines we can solve only first 3 subparts.

Q: What is the shape of the demand curve faced by a firm under perfect competition?

A: Perfect competition, according to economic theory, occurs when all companies sell identical items,…

Q: 4 In a simple economy (assumé there are no taxes; thus, Y is disposable income), the consumption…

A: here we find the blanks and calculate the answer as follow-

Q: 5. According to Malthus, population increases by progression of which kind? A. O Systematic B. O…

A: "Correct option is C i.e. Geometric."

Q: 61. The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is…

A: There are basically two types of costs i.e. fixed costs and variable costs. Fixed costs remain…

Q: All of the following are determinants of demand except

A: Which of the following are determinants of demand except

Q: Normal profit is called normal because

A: To find : Why normal profit is called as normal.

Q: Case Description From the time Apple launched iTunes in mid-2003 through early 2009, it charged…

A: Elasticity of demand is the reason apple needs to analyze its decision to revise prices , as it…

Q: The classical theory explained interest as a reward for

A: To find: What is interest as reward.

Q: Complete the folowing table by using national income accounting identities to calculate national…

A: As per the information provided in the question GDP of the country (Y) is =$1680 million Government…

Q: while drawing an individual's demand curve for a commodi Which one is it? The preferences of the…

A: In economic aspects, a demand bend is a diagram portraying the connection between the cost of a…

Q: Which of the following is NOT a feature of iso-product curve? Iso- product curves

A: An iso-product curve is locus of numerous mixtures of elements of manufacturing giving the identical…

Q: Complete the following table by using national income accounting identities to calculate national…

A: GDP refers that gross domestic product which  shows the production of goods and services , In closed…

Q: The central bank of the fictitious country "Alpha" raises bank reserves by $200. What effect will…

A: money multiplier is depend upon the reserve requirement , if reserve require ratio is high…

Q: The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential…

A: explicit cost are those cost which is bear by producer when they use the external service or hire…

Q: If the price of good A increases relative to the price of substitutes B and C, the demand for

A: If the price of good A increases relative to the price of substitutes B and C, the demand for B and…

Q: 12. In the short run if a perfectly competitive firm finds itself operating at a loss, it will A. O…

A: In the short run if a perfectly competitive firm finds itself operating at a loss, what it shows

Q: Is America obligated to help low-income countries? Is foreign aid worsening America's budget…

A: Economic growth, the method by that a nation's wealth will increase over time. though the term is…

Q: explain the efficient-market hypothesis. what are the 3 forms of efficient market hypothesis?…

A: Efficient Market Hypothesis:- This hypothesis (EMH) is also known as market efficiency, contends…

Q: Demand curve can be derived from

A: To find:  Demand curve can be derived from

Q: Suppose the Consumption function for a particular economic system is: C = 150,000 + .95Y 1. What is…

A: Income of the people split into two saving and consumption , so here we calculate the answer as…

Q: A necessity is defined as a good having

A: To find :  A necessity is defined as a good having which elasticity of demand

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.