Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Nov 2017 My Price 4.00

long-run equilibrium

Consider again worked-out problem 14.2 (page 509). Suppose that starting at the initial long-run equilibrium with a price of $11.50 and 100 active firms, the government requires firms to pay a tax of $11.50 per pizza. What is the effect of the tax on the amounts paid by buyers and sellers in the short run? What is the government revenue? What is the deadweight loss? What about in the long run?

Problem 14.2

Anitra’s supply function for ice cream cones is Qs Anitra = 6P - 4 at prices above $1.50 and zero at prices below $1.50. Robert’s supply function is Qd Robert = 4P - 8 at prices above $2 and zero at prices below $2. What is the market supply function? Graph the individual and market supply curves.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Nov 2017 06:11 PM My Price 4.00

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