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UkoKoshka [18]
3 years ago
9

Answer the question based on the following supply and demand schedules in units per week for a product. Price Quantity Demanded

Quantity Supplied $60 100 400 50 140 340 40 180 280 30 220 220 20 260 160 10 300 100 If the government introduced a guaranteed price floor of $40 and agreed to purchase surplus output, then the government's total support payments to producers would be
Business
1 answer:
Alenkinab [10]3 years ago
7 0

Answer:

$4,000

Explanation:

For computation of the government's total support payments to producers first we need to find out the surplus units which is shown below:

Floor price = $40

Q_d = 180

Q_s = 280

Surplus\ units = Q_s - Q_d

= 280 - 180

= 100

Therefore,

The Total support payments to producer = Price floor × Surplus units

= $40 × 100

= $4,000

So, for determining the total support payment to producer we simply multiply the price floor with surplus units.

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You earn a salary of $52,000 per year and get paid biweekly. Calculate
Andru [333]

Answer:

$2,166.60

Explanation:

Divide the salary by 12 months that are in a year, then divide my 2 because bi-weekly is every 2 weeks.

6 0
3 years ago
Welfare analysis: Basic conceptsIdentify whether each of the following statements best illustrates the concept of consumer surpl
STALIN [3.7K]

Answer:

Producer surplus

Neither

Consumer surplus

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of the good and the least price the seller is willing to sell his product.

1. Price = $149

least price seller was willing to sell his laptop = $140.

Hence it's producer surplus.

2. Price = $59

there's no information on the least price the seller was willing to sell or the highest amount the buyer was willing to buy.

hence it's neither producer or consumer surplus

3. Price = $39

highest amount buyer was willing to buy = $46

Hence, it's consumer surplus

I hope my answer helps you

3 0
4 years ago
A nonprofit that helps low-income elderly people and their families navigate the health care system has been experiencing high t
Degger [83]

Answer:

The correct answer is the second option: Offer internship opportunities to college students getting degrees in social work.

Explanation:

To begin with, in the case that an organization is experiencing a situation like that where its entry-level workers have been experiencing a high turnoever then the proper action to take is to offer internship opportunities to college students getting degrees in social work due to the fact that those studets will be people just graduated and therefore that they will be looking for jobs with no intention of leaving the organization, so in that order the nonprofit should welcome those interns for training and later leave the best ones and they will not quite the job because they will not have nothing else.

8 0
4 years ago
Question 9 of 20
inna [77]

Answer: C. An estimate that offers to provide goods and services at a

specified price and sometimes by a specified date

Explanation:

is the correct answer

4 0
3 years ago
'13.4. A company ships a particular product to a market located 1500 miles from the plant at a cost of $4.50 per mile. Normally
Vsevolod [243]

Answer: $13.50

Explanation:

The following information can.be deduced from the question:

Distance covered = 1500 miles

Cost per mile = $ 4.50

We need to calculate the total cost of the transportation first. This will be:

= 1500 x $4.50

= $6750

We are further told that it normally ships 500 units at a time.

Therefore, tge line haul cost per unit will be:

= $6750/500 = $13.50

7 0
3 years ago
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