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Alexus [3.1K]
3 years ago
15

If underproduction occurs in this​ market, and 10 million DVDs are​ produced, consumer surplus is ​$ 30 million and producer sur

plus is ​$ 15 million. ​(Enter your responses as integers.​) ​(​Hint: When calculating consumer and producer​ surplus, assume that only the quantity being produced​ changes; market price remains the​ same.) The deadweight loss with underproduction is ​$ nothing million. ​(Enter your response as an integer.​)
Business
1 answer:
pshichka [43]3 years ago
3 0

Answer:

20 dollars

Explanation:

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Mary's bakery is trying to determine what price to charge for her cookies, so mary places a low price on them and raises it each
AfilCa [17]
The answer is that, "Mary was conducting an experiment".
Mary has done the experiment by raising the price of cookies every week, and when her experiment finished, she concluded a result from her experiment about the price of cookies which is more profitable. So in daily life we do many experiments to get conclusion from them sometimes it takes more time some times less.
3 0
3 years ago
The negative effect of innovative ride-sharing services, such as Uber and Lyft, on traditional taxi cab companies is an example
blsea [12.9K]

Creative destruction; People have always used taxis to go around town, but now services like uber, lyft, etc. are replacing them, creating a creative destruction as the negative effect of innovative ride-sharing services.

What is creative destruction?

The process of continuous product and process innovation in which new production units replace outmoded ones is known as "creative destruction." Major areas of macroeconomic performance are affected by this restructuring process, including long-term growth, economic volatility, structural change, and the operation of factor markets. Nearly the long term, the creative destruction process is responsible for over 50% of productivity increase. Recessions cost more than upturns do when restructuring declines as it does at business cycle frequency. Inhibitors to the creative destruction process include have negative macroeconomic effects both immediately and in the future.

Learn more about creative destruction here:

brainly.com/question/26352018

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3 0
1 year ago
A microeconomist — as opposed to a macroeconomist — might study
Rudiy27
Microeconomics is the study of the effects of changes to small individual decisions  A)  Is huge, study of the whole country.  B)  Is huge, nationwide production increase C) this effects just one industry.   D) again huge, nationwide effects of interest rates on GDP.  So C.

3 0
2 years ago
John's Auto Repair just obtained an interest-only loan of $35,000 with annual payments for 10 years and an interest rate of 8 pe
Nookie1986 [14]

Answer:

$2,800

Explanation:

An interest only loan represents a type of loan offer where a borrower is only expected to pay the interest either for some of the term of the loan as agreed or for all of the terms of the loan. However, the principal amount that is collected remains constant all through the agreed interest -only period.

Since the loan obtained by John's Auto Repair is Interest Only, it means that the principal of $35,000 remains constant.

Hence, in the 8th year, John is expected to pay only the interest for the period =

0.08 x $35,000

= $2,800

5 0
2 years ago
Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:
love history [14]

Fixed cost per mile 0.32 =(1600+1200+360+40)/10000.

Kristen Lu purchased a second user automobile for 8,000 at the start of last year and incurred the subsequent operatingcosts:8,000atthebeginningoflastyearandincurredthefollowingoperatingcosts ($8,000 ÷5 years) Insurance Garage rent Automobile tax and license Variable operating cost​$ 1.600 $ 1.200 $ 360 $ 40 $ 0.14 per mile​$The variable expense consists of gasoline, oil, tires, maintenance, and repairs. therefore the annual straight-line depreciation is$1,600.

The car is kept in a very garage for a monthly fee. Kristen drove the car 10,000 miles last year. Compute the typical cost per mile of Owning and operating cost of the the car.  What costs above are relevant during this decision? Kristen is considering buying an upscale sports car to interchange the car she bought last year.

She would drive the identical number of miles irrespective of which car she owns and would rent the identical parking zone. The sports car's variable operating costs would be roughly identical because of the variable operating costs of her old car.

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3 0
1 year ago
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