1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Verdich [7]
3 years ago
15

Suppose the demand curve is: P = 300 - 2QD and the supply curve is: P = 100 + 3QS. What is the sum of the consumer and producer

surplus in the market at the equilibrium price and quantity?
A. $3200
B. $1600
C. $2400
D. $4000
E. Cannot be determined from the information given.
Business
1 answer:
Alex777 [14]3 years ago
7 0

Answer:

Total surplus =  4000

so correct option is D. $4000

Explanation:

given data

P = 300 - 2QD  

P = 100 + 3QS  

to find out

sum of the consumer and producer surplus

solution

we first equating both  as equilibrium at QD = QS

so

300 - 2Q = 100 + 3Q

solve we get

Q = 40

so P will be

P = 3 00 - 2 × 40

P = 220

Consumer surplus  area above price and below demand  so

Consumer surplus   = 0.5 × (300 - 220) ×  40

Consumer surplus   = 1600

and

Producer surplus  area above supply curve and below price so

Producer surplus = 0.5 × (220 - 100) × 40

Producer surplus = 2400  

so Total surplus will be

Total surplus = Consumer surplus + Producer surplus  

Total surplus = 1600 + 2400

Total surplus =  4000

so correct option is D. $4000

You might be interested in
Paige deposited $200 into a bank that offers 3.3% interest rate, compounded daily. In how many years will her balance be $400?
weeeeeb [17]
C ~~~ APEX                                                    
APEXXXXX  

4 0
3 years ago
Read 2 more answers
What is variable expense? Pls help quickly!l
ad-work [718]

Answer:

it's when your expenses in your variable costs change in the certain way you use your services. Basically you just have to make sure you use it less or so it cost less .....is your answer.... may it help you

4 0
3 years ago
Baby boomers represent a huge demographic segment for travel marketers. baby boomers are also heavily motivated by self-fulfillm
Karo-lina-s [1.5K]
I had to look for the options and here is my answer:

The term that best fits the blank is PSYCHOGRAPHIC. Baby Boomers is the term that represents those group who were born during after the World War II. During that time, there was a marked increase of the birth rate. Baby boomers create the possibility of psychographic segmentation because they are deeply motivated by self-fulfillment.
5 0
3 years ago
Smart Touch Learning normally performs​ e-learning services for​ $500. However, Smart Touch Learning performed services for a cl
ratelena [41]

Answer:

TRUE

Explanation:

According to the revenue recognition it will follow an accrual basis. It record the revenue as earned as the services were perform during the current accounting period.

It will recognize revenue for 400 as it was the amount the parties agree upon.

The common fee's of Smart Touch uhsually are irrelevant.

3 0
3 years ago
The postal service of St. Vincent, an island in the West Indies, obtains a significant portion of its revenues from sales of spe
klemol [59]

Answer:

It is more profitable to maintain the price at $10

Explanation:

Giving the following information:

The souvenir sheets cost the postal service $1.15 each. St. Vincent has been selling these souvenir sheets for $10.00 each and ordinarily sells about 61,000 units. To test the market, the postal service recently priced a new souvenir sheet at $11.00 and sales dropped to 51,000 units.

We need to calculate the actual revenue and decide whether it is more convenient to increase the price or leave it as it is.

Actual revenue= 61,000 units* (10 - 1.15)= $539,850

New revenue= 51,000 units*(11 - 1.15)= $502,350

It is more profitable to maintain the price at $10

8 0
3 years ago
Other questions:
  • Cari created a list of ways to reduce her spending. Which activity should she omit from her list? Choose the correct answer belo
    12·1 answer
  • Identify the characteristics of a retirement plan. Select all that apply. Determine age of retirement. Determine when to change
    11·2 answers
  • What is meant by the term effective with respect to advertising?
    14·1 answer
  • In the Plus-Delta method of evaluating project meetings, the "delta" column is used for team members to offer their opinion abou
    13·1 answer
  • Black Sheep Printing has 35 employees distributed among the following departments: Sales: 10 Factory: 15 Administration: 10. The
    15·1 answer
  • Wendell’s Donut Shoppe is investigating the purchase of a new $33,000 donut-making machine. The new machine would permit the com
    15·1 answer
  • GDP is: Group of answer choices the sum of all currency and coins in circulation. the value of all final goods and services prod
    5·1 answer
  • N Corp has a variable cost per unit of $1.20, and the lease payment on the production facility runs $4,200 per month. N Corp sel
    13·1 answer
  • Anyone who wants to use copyright material must obtain permission from the copyright owner in the form of a ____.
    6·1 answer
  • Otto is one of many employees working from home. Because his home is located in a rural area, the only form of connectivity avai
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!