This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Producer Surplus and the Supply Curve222The graph shows the market supply of hotdogs.If P1=$0.25, ... (Read 395 times)

Apple716

  • Full Member
  • ***
  • Posts: 157
on: Nov 23, 2022

Question 1

Consumer Surplus and Pricing

The table shows the willingness to pay for five consumers in the market for dog collars.
ConsumerHighest Price Willing to Pay
Antwone21​
Nevaeh16​
Valentina11​
Matias6​
Rudra1​
What is the consumer surplus when the price is $16? When the price is $5.5?
◦ $5.00, $32.00
◦ $5.00, $30.00
◦ $18.50, $30.00
◦ $18.50, $32.00

Question 2

Producer Surplus and the Supply Curve

222The graph shows the market supply of hotdogs.

If P1=$0.25, P2=$6.50, and Q1=130, what is the producer surplus?
◦ $406.25
◦ $422.50
◦ $812.50
◦ $845.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Apple716 on Nov 23, 2022

Spike8502

  • Full Member
  • ***
  • Posts: 140
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 58% of students answer this correctly


Apple716

  • Member
  • Posts: 157
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

This Native American depiction of the Sand Creek Massacre, painted on a buffalo hide, shows the Indi This Native American depiction of the Sand Creek Massacre, painted on a buffalo hide, shows the Indi
Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ... Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ...
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
Picture graph Picture graph
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Secondary and tertiary levels of protein structure Animation

For a complete list of videos, visit our video library