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NNADVOKAT [17]
2 years ago
8

When British regulators were forced to suspend the license of a flu vaccine plant in Liverpool operated by the Chiron Corporatio

n due to concerns over bacterial contamination. As a result, the number of flu vaccines available in the United States market decreased by 48 million doses. This was nearly half of the total supply of vaccines in the market.
a) use a supply and demand diagram to illustrate the impact of this event on the market to vaccines in the United States. What impact will this have on the equilibrium price and equilibrium quantity in the U.S. vaccine market?
b) What impact will this have on producer and consumer surplus? Briefly explain
Business
1 answer:
Jet001 [13]2 years ago
4 0

Explanation:

The answer to this question is contained in the attachment. The graph has been used to explain the solution.

A. As license got suspended price rose to p1 as quantity fell from q to q1.

So quantity decreased and price rose.

B. The area market csps, D ands cs were consumer surpluses , after the decrease in amount of vaccines in the market, consumer surplus decreased to area cs, csps became part of producer surplus. Triangle d is the deadweight loss caused by fall in quantity.

Ps and d' are initial producer surplus. Producer surplus after decrease in vaccine can be seen in ps and csps. D' is the dead weight loss as price decreases.

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If Track Changes is used in a document, what steps are critical to perform before sharing the final version of a document?
Tpy6a [65]

Answer:

Review all the Markups and make the requiered changes

Explanation:

Track changes permits to edit a text before the final version its complete, then reviewing all the Markups made in the editing process is critical to define the final version of the text that then will be share.

3 0
3 years ago
Read 2 more answers
Not sure how to graph
Furkat [3]
Just place the points where it says to
5 0
3 years ago
The lowest point on a purely competitive firm's short-run supply curve corresponds to __________. a. the minimum point on its AT
3241004551 [841]

Answer: Option 'b' is correct.

Explanation:

The lowest point on a purely competitive firm's short run supply curve corresponds to the minimum point on its MC curve.

As we know the relation between ATC, AVC, AFC, MC.

1) when AC > MC then, MC rises,

2) When AC = MC, then AC reaches its minimum point.

3) When AC < MC , then MC falls.

And MC falls at higher rate than AC,

So, MC reaches its minimum point first and it is the lowest point for perfect competition.

Hence, Option 'b' is correct.

4 0
3 years ago
Wildhorse Co. took a physical inventory on December 31 and determined that goods costing $198,500 were on hand. Not included in
timofeeve [1]

Answer:

$249,500

Explanation:

Calculation for the amount that Sheridan should report as its December 31 inventory

Using this formula

December 31 inventory=Goods costing+Goods purchased +Goods sold

December 31 inventory=$198,500+$25,000+$26,000

December 31 inventory=$249,500

Therefore the amount that Sheridan should report as its December 31 inventory will be $249,500

8 0
3 years ago
The four major expenditure categories of GDP are: Group of answer choices consumption, government purchases, taxes, and investme
Nimfa-mama [501]

Answer:

consumption, investment, government purchases, and net exports.

Explanation:

The Gross Domestic Products (GDP) is the measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country. The Gross Domestic Products (GDP) of a country's economy gives an insight to it's social well-being.

Basically, the four major expenditure categories of GDP are consumption, investment, government purchases, and net exports.

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2 years ago
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