The market for pencils in Eldham is perfectly competitive with no externalities. If market supply is given by P=4+3Q and market price is $29, what is Producer Surplus? Enter a number only. Drop the $ sign. Keep your numbers as fractions as far as possible and round to two digits at the last stage. 41.23

Q: What is the equipment"s the initial cost?

A: Cost of product: The cost of a product refers to the actual amount that is spent to manufacture it.…

Q: In a company, who gets to determine when and how data should be used?

A: Data refers to individual facts, figures, or bits of information that are often quantitative. A…

Q: Carson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest.…

A: We know that the economic profit is the difference between the total sales revenue of output and the…

Q: art-of-the-start-guy-kawasaki.pdf (wordpress.com)

A: Kawasaki argues that it is better to start with a small, focused product or service that you can…

Q: Increases in productivity are difficult to achieve ifthe task is more good-producing and…

A: Economics deals with allocation of limited resources to maximise the welfare of the economy. It also…

Q: T or F Employing economic cost/profit instead of accounting cost/profit when making business…

A: Profits are the company's earnings that remain after all costs are taken into account. The term…

Q: You have been working as a manager of fashion store. During your work you have saved $50,000. You…

A: Explicit cost = utility + salary of clerk + material = 8000 + 20000 + 50000 = 78000 implicit cost =…

Q: What are the different types of costs?

A: Cost is the amount that has to spend for obtaining something. There are different types of costs;…

Q: how is the graph numbered? from what number to what number ?

A: The lowest production frontier is war-hit frontier. That reduces production of both sectors.The…

Q: Research an instance of an actual firm that has been engaged in cost-cutting measures. What actions…

A: We are considering an example of Dell EMC. Cost-cutting refers to measures executed by an…

Q: Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many…

A: Present worth is a financial concept used to determine the value of future cash flows in today's…

Q: 12) Referring to question # 1, what is the Marginal Cost to produce 1 more unit?

A: 12. The cost of production is the summation of all the costs incurred while producing the commodity…

Q: Can you please do part d and e?

A: Given, Demand :  Supply with tax: At equilibrium, sosolving for P gives the price buyers will pay,…