Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Producers' surplus -

p = S(q) is the price (dollars per unit) at which q units of a particular commodity will be supplied to the market by producers, and q0 is a specified level of production. Find the price p0 = S(q0) at which q0 units will be supplied and compute the corresponding producers' surplus PS. Sketch the supply curve y = S(q) and shade the region whose area represents the producers' surplus.

S(q) = 17 + 11e^0.01q ; q0 = 7 units

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9292460

Have any Question?


Related Questions in Microeconomics

Question national circuit boards inc made 20100 printed

Question: National Circuit Boards Inc made 20,100 printed circuit boards in December consuming the following resources: Labor: 6,000 hours at $17.00 per hour What is the labor productivity per hour for these circuit boar ...

Question most supermarkets today are staffed by employees

Question: Most supermarkets today are staffed by employees of a chain like Kroger. Piggly Wiggly and IGA, however, operate under franchise agreements with independent owners. Why are franchised supermarkets rare relative ...

Qestion consider the two-sector endogenous growth model y

Question: Consider the two-sector endogenous growth model Y = F[K, (1-u)LE] Output per effective worker is y = f(k, 1-u) a. What is the steady-state growth rate of output per worker Y/L? How do the savings rate s and the ...

Question the supply and demand functions for natural gas

Question: The supply and demand functions for natural gas from 1950 to 2007 are followings. Qs= 0,02 + 0,7Pg + 0,045Po + 0,06I Qd= 148,82 -1,8 Pg + 0,069Po + 0,05I Where Pg is the price of natural gas, Po is the price of ...

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 shortly before the uk devalued the pound sterling

Question: Shortly before the UK devalued the pound sterling in 1968, Prime Minister Harold Wilson was heard to remark that the first time a Labour prime minister devalued the pound, the party was out of power for 14 year ...

Question what is the relationship if any between production

Question: What is the relationship (if any) between production technology (i.e. productivity) and cost ? In your analysis define the various cost structures (short-run & long-run); Describe the difference between account ...

Question an economic consultant studies the labor policies

Question: An economic consultant studies the labor policies of a firm where it is difficult to monitor workers and prepares a report in which she recommends that the firm raise employee wages. At a meeting of the firm's ...

Question andrew has 12000 that he will invest to have a

Question: Andrew has $12,000 that he will invest to have a down payment in 24 years for a vacation home. Assuming he can earn 8% on his investment how much would he have at the end of 24 years? The response must be typed ...

Question a french monopoly sells its good in france where

Question: A French monopoly sells its good in France where the elasticity of demand is -2.5 , and in Germany where the elasticity of demand is -1.5. Its marginal cost is $ 30 . At what price does the monopoly sell its go ...

  • 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