Don’t do question 9, just look at the chart and words on question 9 and do letter (E) part of question 10 in the next image. Homework 4 - Compatibility ModeSearchJoseph MercadoayoutReferencesMailingsReviewViewHelpOFindReplacA Select12 A A Aa AEE A TAaBbCcl AaBbCel AaBbC AaB Aabbcccb x, x A- A-T NormalI No Spac. Heading 1TitleSubtitleFontParagraphStylesEditing9. Toasters again! The demand and supply schedule for toasters, is given below.a. Graph the supply and demand curves to scale and identify the areas that representthe consumer surplus and producer surplus(millions)(millions)12010100102080203060304040405020506060P= $40Q. = 40b. What are the equilibrium quantity and price?Calculate consumer surplus, producer surplus and total surplus.DFocus!ihph2fo18144fs%244&L.8.9.2335.%24米 Total Surplus= $400 + $800 = $120010. Toasters last time! With the same data as the last problem. What happens ifgovermment imposes a price ceiling of $30.a. How many toasters will be sold?b. What is consumer surplus with price ceiling?30MILLION$675c. What is producer surplus with price ceiling?d. What is the total surplus with price ceiling?MILLION$450MILLIONHow did the price ceiling change the total surplus compared to freemarket equilibrium of #9?e.D Focushpf4fsf7fgfio&2#33%2446.8.ER.T.Y96%23

equilibrium is achieved where Qd=Qs.Thus Q*= 40 millions, P*= $40

Answered: e. How did the price ceiling change the…

Business

Economics

e. How did the price ceiling change the total surplus compared to free market equilibrium of #9?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The Market for Home Security Ereglies Frames Cameras Example 2 update: In the last few years, major technology companies have R Glesses Ortoto Meris Metal Matte Black Rectengle Eysglasses Onine. Zenni Square Prescription VS Waterloo Aralable Gbsses ack Wth Blue Light. Rimiess Cuting $29.68 $35.20 GlaesesUSA.com $9.00 $6.95 EyluyDrect.com Zenni Optical Wish ring The Market for Glasses Example 1 update: Recently there have been several companies bought up small home "smart" device selling glasses online direct to consumers companies. for as little as $7. Some even offer a subscription plan where you get a new pair Google bought up Nest and Amazon bought of glasses every month. Zenni Optical recently started advertising online and using use than other home security products since celebrity spokespeople to enhance their brand. Ring. Now Nest and Ring are much easier to they can use Alexa and "Hey Google." in a much easier way than producers not owned Zenni optical has sold over 20 million…
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Four roommates are planning to spend the weekendin their dorm room watching old movies, and theyare debating how many to watch. Here is theirwillingness to pay for each film:Dwayne Javier Salman ChrisFirst film $7 $5 $3 $2Second film 6 4 2 1Third film 5 3 1 0Fourth film 4 2 0 0Fifth film 3 1 0 0a. Within the dorm room, is the showing of a moviea public good? Why or why not?b. If it costs $8 to stream a movie, how many moviesshould the roommates stream to maximize totalsurplus?c. If they choose the optimal number from part (b)and then split the cost of streaming the moviesequally, how much surplus does each personobtain from watching the movies?d. Is there any way to split the cost to ensure thateveryone benefits? What practical problems doesthis solution raise?e. Suppose they agree in advance to choose theefficient number and to split the cost of the moviesequally. When Dwayne is asked his willingness topay, will he have an incentive to tell the truth? Ifso, why? If not, what will he…
Document4 - Microsoft Word File Home Insert Page Layout References Mailings Review View Zotero ది A Find - AA Cut - 12 -A A Aa =、三,年章 T Arial AaBbCcDc AaBbCcDc AaBbC AaBbCc AaB AaBbcc. AqBbCcD E Copy a Replace Paste в г U - abe x, x I Normal 1 No Spaci... Change Styles Heading 1 Heading 2 Title Subtitle Subtle Em... V Format Painter A Select - Clipboard Font Paragraph Styles Editing Navigation Search Document 国盟 This document does not contain headings. To create navigation tabs, create headings in your document by applying Heading Styles. You are provided with information on expected returns, standard deviations and correlation coefficients for three securities by an Analyst. Assume that short sales are allowed. Calculate the expected return and standard deviation of the optimum portfolio if the lending and borrowing rate is 3%. Show all steps in your calculations. Security R 1 2 3 12 0.5 0.2 2 6 1 0.4 3 18 10 Activate Win ows Go to Settings to ctivate Windows Page: 1 of 1 Words: 69 E…