Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Consider a market where supply and demand are given by QXS = -12 + PX and QXd = 90 - 2PX. Suppose the government imposes a price floor of $38, and agrees to purchase any and all units consumers do not buy at the floor price of $38 per unit.Compute the lost social welfare (deadweight loss) that stems from the $38 price floor.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9902210

Have any Question?


Related Questions in Microeconomics

Assume that the marginal utility of good x is strictly zero

Assume that the marginal utility of Good X is strictly zero but the marginal utility for Good Y is strictly positive. What  is the  consumer's indifference curves look like? If the prices of both goods are positive, what ...

Question problems exist within the firm there were problems

Question: Problems exist within the firm. There were problems of collective action, public goods, knowledge problems, and perverse incentives to name some. What were the three methods we discussed in class to help resolv ...

Question use the spreadsheet on ricardian equivalence with

Question: Use the spreadsheet on Ricardian equivalence with three periods and assume that - the government spendings are 100, 150 and 150; - households' salary is 300 in each period. Also assume that households preper sm ...

Question in 1980 the inflation rate in the us was 125 at

Question: In 1980, the inflation rate in the US was 12.5%. At that time, the consensus outlook claimed inflation could not decline by more than 1% per year. That turned out to be incorrect, as it fell to 3.8% in 1982 and ...

Discuss transportation and logistics management policywhat

Discuss transportation and logistics management policy. What impact does policy (local, state, and/or federal) have on transportation? For example, how does policy affect a retailer in trying to get their product from a ...

Question answer all of the bulleted question related to the

Question: Answer all of the bulleted question related to the esay question on the the goverment budget. It's ok to use the outside source for the question, but please cite the source properly. ( write about one or two pa ...

Question a firm uses two inputs in production capital and

Question: A firm uses two inputs in production: capital and labor. In the short run, the firm cannot adjust the amount of capital it is using, but it can adjust the size of its workforce. What happens to the firm's avera ...

Question two firms compete in a declining industry each

Question: Two firms compete in a declining industry. Each firm has three possible choices: 1) exit the industry immediately (and gets a payoff of O); 2) exit at the end of this quarter; 3) exit at the end of next quarter ...

Question since uber has entered the transportation market

Question: Since Uber has entered the transportation market, taxi services have declined significantly. Using economic terms, explain why might that be the case and given that the New York Taxi market is subject to a quot ...

Question book principles of microeconomics ryan amacher amp

Question: Book Principles of Microeconomics: Ryan Amacher & Jennifer Pate Market Structures In an eight- to 10-page paper, describe each market structure discussed in the course (perfect competition, monopolistic competi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved