Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

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 > Economics Posted 13 May 2018 My Price 5.00

Neighbor Production Cost

Suppose we have a neighborhood where four of the neighbors produce candles to sell on the open market. The Current market price $4/candle. Assume the neighbors can only supply 1 candle to the market at this time. Using the table below, answer the following questions Neighbor Production Cost(Marginal Cost) 1 $2 2 $5 3 $6 4 $3 -Which neighbors chose to produce candles? -What is the producer surplus of each neighbor? -What is the producer surplus in the whole neighborhood? -Suppose now that the price increases to $7/candle. Which neighbors choose to produce, and what are their individual levels of producer surplus? -Still assuming the price is $7/candle, what is the new level of producer surplus in the whole neighborhood? -What do you notice about the firms that have lower production costs? What does an increase in prices mean for their well-being?

Answers

Maurice Tutor
(5)
Status NEW Posted 13 May 2018 02:05 PM My Price 5.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------.Pl-----------eas-----------e p-----------ing----------- me----------- on-----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be-----------

Not Rated(0)