The Ministry of Misallocation has decreed that the production of widgets must be 2000 each month and the producti- gizmos must be 14000 each month. Calculate the deadweight loss in each market caused by these restrictions. Please he scale of the quantity axis is in thousands. Price of widgets Price of gizmos $10 $100 90 8. Supply Supply 80 70 6. 60 5 50 4 40 3 30 Demand Demand 20 1 10 1 2 3 4 5 6. 7 8 9 10 2 4 6 8 10 12 14 16 18 20 Quantity of widgets (in thousands) Quantity of gizmos (in thousands) What is the deadweight loss in the widgets market? $ What is the deadweight loss in the gizmos market?

Q: How do customer service, warranty policies, and otherpost-sales elements affect the customer…

A: Companies that assist with the installation process (such as computer software), maintain products…

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: How do we calculate the sponsor's costs?

A: Sponsorship cost refers to the cost of supporting an event or economic activity for an agent in…

Q: Write sources of financing for a building materials company?

A: Any business to operate/function requires funds, the tools used to acquire these funds are…

Q: Sale on iPhone affects Galaxy Phones Analyze Galaxy Phone

A: previously the market of phones were dominated by Nokia and Motorola but currently the market of…

Q: There is an economic impact to losing a customer. Describe 4 ways it can impact a company and if…

A: An person or corporation that purchases products or services from another firm is known as a…

Q: Practice Haddie makes and sells knit scarves. N she will pay a $25 fee for the use of a at a craft…

A: Profit is the difference between total revenue and total cost.  Total revenue is the product of…

Q: one factor EACH that you think influences demand and supply for milk.

A: The factors that effect the demand of milk.  1) Price of the coffee and tea powders:  If the price…

Q: In which of the service system does the customer affect the time of demand a. Low degree of customer…

A: In a market, when peope enter to make demand for goods and services, there are various factors that…

Q: Summarize the rise of consumer culture

A: Consumer culture refers to increasing consumption of commodities purchased as  a person's well being…

Q: Fast answer please quickly

A: Customer retention signifies the process by which business firms are able to retain its clients for…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: Benefits of CDPS for Customer Service base on acceptability of collection and delivery points from…

A: Introduction With the consolidated data contained in the CDP, marketers can create and sustain…

Q: A new technology TV costing more than Rs. 1 lakh has been introduced to the market and Mr. Singh is…

A: Below is the given information: The price of TV with new technology = Rs 1 lakh

Q: Corelation of purchasing ability of consumers and pricing system provide a case study

A: Pricing refers to the process of determining the monetary value of a product or service that a…

Q: Typed please and asap plrase provide a quality solution for better ratings with introduction and…

A: Government Responsibilities Towards Economic MigrantsEconomic migration, the movement of people to…

Q: Which project should be chosen? Why?

A: To calculate the benefit-to-cost ratio for both projects, we need to determine the total benefits…

Q: do it without using tables

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: Give examples of pre-start up expenses

A: The expenses incurred during the process of starting a new firm are known as startup costs.A company…

Q: C. Referencing any THREE (3) basic needs of customers, describe how customer service personnel can…

A: A customer need is a compelling reason for a consumer to buy a product or service. The customer's…

Q: What should be done to regain the lost customers?

A: The lost customers can be gained by following ways: 1. Decide if the producer wants them back. Not…

Q: Fill the Table Total Total Fixed Variable Total Costs Total Costs $100 $140 $165 $210 $295 $425 $625…

A: Total Cost is the sum of fixed and variable cost. Average Cost is the per unit cost of total cost.…

Q: (1) which effect is larger the income or the substitution effect ? (a) income effect  (b)…

A: When the change in demand for a good or service is experienced because of the change in consumers'…

Q: Advantages and disadvantages of using technology - any ethical challenges?

A: Advantages of using technology Technology leads to increase in innovation.It creates new horizons of…

Q: does not exist today for which there is a market need

A: Market need: It refers to the need or demand of the people who have to be fulfilled by the producers…

Q: Technological analysis on the ship breaking industry of Turkey. What are the factors that contribute…

A: Shipbreaking – the destroying of old and non-practical boats, or those which  cost more to keep in…

Q: ICD-10 was implemented in October 2015. Summarize how the industry handled it.

A: The first international classification list called as international list of causes of death was…

Q: Explain Grant

A: Grant: It is a sum of money that is being paid to an individual or an institution by any government…

Q: please re write part e in paper with pen , i

A: Total Cost of producing 100 units =  2800Total Cost of producing 500 units = 6000Profit function = -…

Q: Which of these is the tenant's responsibility? Taking reasonable care of the property, giving notice…

A: a person who gives money to the owner of a room, flat, house, or piece of property in order to…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: Discuss why packaging is considered as an important part of the product offer?

A: This question does not belong to Economics and should be re-routed to Marketing.

Q: What are the different ways in which personal property can be obtained?

A: Personal property is a type of property that consists of any property except real estate. It's also…

Q: What is the the procedure in responding to any emergency situation onboard the ship?

A: An emergency situation on the ship must be handled with confidence and calmness, for haste decisions…

Q: My homework help What happens in the market for beach towels now that the season is over. Graph and…

A: Demand basically refers to the quantity of goods or services that a consumer is willing and able to…

Q: Funding details provided Satisfactory Fair Unsatisfactory explain and give a rubric.50 words

A: A rubric is a systematic, standardized collection of standards or criteria used in various…

Q: National Service Reserve Corporation

A: Welfare services Welfare refers to government-sponsored assistance programs for low-income…

Q: How would present a loss and or an expense or damage claim?

A: Development contracts will by and large accommodate the contractor to guarantee direct loss and…