Question

The chart shows a combined supply and demand schedule.

Answer 1

Answer:

TA name and section number on top of the homework (legibly). Make sure ... a) What is the opportunity cost of producing the first 5 coconuts? ... 3/2 fish - From the labeled points we can construct the table shown below. Each ..... 3Q = 150 ... Consumer surplus: ½ × (125 – 65) × 30 = 900 thousands of dollars.

Step-by-step explanation:

Answer 2

Answer:

Profits from selling shoes will increase.

Step-by-step explanation:

When the price is $100, the quantity demanded is 60 and quantity supplied is 60.

When the price is $125, the quantity demanded is 40 and quantity supplied is 70.

Out of the given options, the answer is : Profits from selling shoes will increase.

Earnings when sold at $100.

$100\times60=6000$ dollars.

Earnings when sold at $125.

$125\times70=8750$ dollars.

Now as earnings increase per pair of shoes, the profit will also increase.