Answer: higher than market equilibrium quantity where cost of supplying the unit is more than the willingness to pay
Explanation:
A subsidy is a sum of money that is given to a business or an organization by the government in order to increase the supply and also keep the prices low.
Therefore, a subsidy such as a subsidy for producing corn in the United States can be considered inefficient because a subsidy results in a quantity that is higher than market equilibrium quantity whereby cost of supplying the unit will exceed the willingness to pay.
Answer:
A) QE = 400, PE = 250
QW = 325, PW = 375
b) east market has more elastic market demand
Explanation:
Given data :
Marginal cost = $50 ( both markets )
demand and marginal revenue in each market are given differently
a) Determine/find the profit-maximizing price and quantity in each market
For east market :
50 = 450 - QE
hence QE = 450 -50 = 400
since QE = 400 ( quantity for east market )
400 = 900 - 2PE
PE = 250 ( PROFIT maximizing price for east market )
For west market
50 = 700 - 2QW
Hence QW = 325
since QW = 325
325 = 700 - pw
PW = 375
B) The market in which demand is more elastic is the east market because the quantity demanded is higher and also the profit maximizing price is lower as well
Answer:
When measuring burns in adults, the rule of nines assesses the percentage of burn and is used to help guide treatment decisions including fluid resuscitation and becomes part of the guidelines to determine transfer to a burn unit.
Explanation:
<em>The transfer to the burn unit.</em>
Answer:
Supply decreases
Explanation:
Equilibrium is a balanced scenario where demand matches supply. At equilibrium, both sellers and buyers are happy with the current price. The market has no excess demand or supply or demand.
A decrease in supply while demand stays constant results in many customers competing for the few products in the market. There will be scarcity because the supply cannot satisfy demand. The supply curve shifts outwards or to the right resulting in a new and higher equilibrium point. The price will increase while the quantity supplied declines.
Answer: It's advisable to start saving and investing as early as possible in order to take advantage of compound interest.
Explanation:
<u><em>C IS THE ANSWER</em></u>
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<u><em>PLEASE MARK BRAINLIEST THANK YOU!</em></u>
