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(Please use the same equations from question 1 for all 3 equations)

1) Suppose we have a supply curve with the equation y = x+1 and a demand curve with the equation y = -x+9. Using these two equation calculate the following and explain what these each mean: a) Market Equilibrium b) Consumer Surplus c) Producer Surplus

2) Suppose, due to a negative externality, that a quantity restriction has been placed on this market that restriction only 2 units of the product to be consumed/produced. Using the same supply/demand equations calculate the following: a) Change in Consumer Surplus b) Change in Producer Surplus c) Dead Weight Loss

3) Suppose now that a price ceiling allowing the product to be bought and sold at only $3/unit. Calculate the following a) Change in Consumer Surplus b) Change in Producer Surplus c) Dead Weight

PLEASE ANSWER ALL QUESTIONS

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Valerie can read 30 pages of economics in an hour. She can also read 20 pages...

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Iguana, Inc., manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear...

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It is not necessary to set expectations for a prior client TRUE FALSE

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Robben Manufacturing has the following two possible projects. The required return is 11 percent. Year Project...

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6) Pooler Corporation is working on its output requires 0.15 direct labor-hours. The direct labor rate...

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20) (16 points) At 29 8K, ammonia gas has a standard enthalpy of formation of -46.11...

20) (16 points) At 29 8K, ammonia gas has a standard enthalpy of formation of -46.11 kJ mol", and nitrogen, hydrogen, and ammonia gases have standard entropies of 191.61, mol" , respectively. Given these data, calculate the equilibrium 130.68 and 192.45 JK' constant at 298K for the follo...

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Find points satisfying the neccessary conditions for the following problem (4.48); check if it is optimum points using...

Find points satisfying the neccessary conditions for the following problem (4.48); check if it is optimum points using the graphical method (if possible). plaese solve with Matlab or Excel. subject to 2x 3x2-10 X1 + X2 + 2x3-4=0 4.48 Minimizef(x,, x) = 9XF + 18x1x2 + 13x1-4 subject to 저 +...

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Code the following three operative reports assigning the appropriate CPT and ICD-10-CM codes and modifiers. PREOPERATIVE...

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Observing middle school students, what behavioral issues do you notice or see. Name 12 and give...

Observing middle school students, what behavioral issues do you notice or see. Name 12 and give in the example each....