1 answer

A. Calculate and graph all points for the domestic market for washing machines price and quantity...

Question:

A. Calculate and graph all points for the domestic market for washing machines price and quantity equilibrium. B. Find the do
A. Calculate and graph all points for the domestic market for washing machines price and quantity equilibrium. B. Find the domestic quantity demanded and supplied of washing machines that will result if the price imposition of $3,000 is imposed. Show on graph. Explain. C. Find the domestic quantity demanded and supplied of washing machines that will result if the S500 tariff is imposed. Show on graph. Explain. D. Compute government revenue from the tariff. 3. Illustrate graphically Suppose that a competitive firms marginal cost of producing output is given by MC(q)-70+64 Assume that the market price of the firm's product is 5145. A. At what level of output will the firm produce? B. How much is the firm's producer surplus? C. Illustrate graphically profit maximization point and producer surplus. D. Illustrate this market at a loss. Explain. 4. Graphically illustrate a perfectly competitive firm and a non-perfectly competitive firm side by side. Explain the differences. 5. Illustrate graphically a monopolistic competitive firm at a above normal, normal and zero economic profit. (Three separate graphs)

Answers

(CLASS TIMEIРg. No Date lenie ме го к 19 Ре мречу о zony р-м С. 12.5 Profit л 29 7+69 max when 69 = 240 log.) 7. Т. 6 Produce

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