The local Madison market for baby cribs is described by the following supply and demand equations Demand: P = 400 -10Q Supply: P = 100 + 5Q Where P is the price per crib and Q is the quantity of cribs. a. Given this the information on the cribs market, find the equilibrium price and quantity of cribs. Equilibrium Price is P = Equilibrium Quantity is Q = b. What is the consumer surplus (CS) and producer surplus (PS) in the cribs market? CS = PS = c. Suppose the local government in Madison decides to impose an excise tax of $60 per crib on the crib producers. Given this tax, what is the new supply curve in this market now that producers have an additional cost from the tax? Answer: New supply curve is: d. Given the above excise tax on producers, what is the new equilibrium price in the market for cribs? What is the tax revenue that the government receives from implementing the tax? What is the deadweight loss (DWL) due to the tax? Answer: New equilibrium price is: P = Tax Revenue = DWL =
In Weber’s model, status group refers to
In Weber’s model, status group refers to
An electric field is E = 400 N/C directed radially outward f…
An electric field is E = 400 N/C directed radially outward from the y-axis. A cylinder of length L = 30 cm and radius R = 10 cm has its center at the origin and its axis along the x-axis such that one end is at x = +15 cm and the other is at x = –15 cm. What is the flux through the curved surface of the cylinder?
Paso 2 (2 pts) (1 pt per sentence: 0.5 pts meaning, 0.5 pts…
Paso 2 (2 pts) (1 pt per sentence: 0.5 pts meaning, 0.5 pts form)What about you and your friends? What do you do on a daily basis? Write two sentences (one for each question) using a reflexive verb from the list below. Use a different verb in each sentence and make sure to conjugate the verb according to the subject (person) given. Do NOT change it. Verb list: afeitarse / peinarse / acostarse / maquillarse
If the Madison city council decides to impose a $6 excise ta…
If the Madison city council decides to impose a $6 excise tax on snow shovels and the price of snow shovels increased by $2, then
Sean [answer1] en un restaurante.
Sean en un restaurante.
After participating in six Karate classes, Jenna is given a…
After participating in six Karate classes, Jenna is given a star patch for her uniform. This is an example of which of the following schedules of reinforcement?
The vehicle-armoring industry in Brazil has increased due to…
The vehicle-armoring industry in Brazil has increased due to _____________________________.
What is venous insufficiency?
What is venous insufficiency?
Detecting, translating, and interpreting the environment
Detecting, translating, and interpreting the environment