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- CBS is selling advertising for its broadeast of the AFC championship game. The station's demand for minutes of commercial advertising time is the demand it faces from the companies to which it sells advertising tme: Pans= 100,000 - 500.CBS Las MC -S2000. Buyes pay CBS aprice Pens for cach minute of adNertising and add S1.000 for each ad to cover the tax they pay, so their MCans PeRs + 1000, No one has any fixed costts. Ihe price buyers will pay tor ads is (use dollar sign and any commns: no decimal places)use diagramsa. What is the effect on the equilibrium price and quantity traded in market of theintroduction of a new technology that reduces costs of production for all firms?b. What is the effect on the equilibrium price and quantity traded in a market of a changein tastes that reduces the demand for the product?c. What is the effect on the equilibrium price and quantity traded in a market of theimposition of a tax per unit sold on suppliers?d. What is the effect on the equilibrium price and quantity traded in a market of thepayment of a subsidy per unit sold paid to suppliers?were.34.7 0 W e denerg esteyf demand for pood 12 O000
- 41 The change m producer surplus as a resuli of the shift in the graph below is cqual to 1050 b. 1050 C 5000 O None of the above S1 90 60 50 75 100 125 "he following Table is for answering questions 42 to 45 below: Input Output 6000 7200 TFC TVC TC 1200 2400 6000 MC T W. Y 2. 30 42 What is the value of W? a 1400 2400 40 1000 d. None of the above 44400 oIC -NC a. 2750 43. What is the value of X? a200 b 4400 8400 Can't say, insutticient information 750 11 250Suppose that the demand curve for wheat is Q500 - 10p and that the supply auve is O 10p What are the efects of a subnidy (negative tax) ofs4 per unit paid to produoers on the equlibrium, govemment. subsidy cost, consumer surplus (CS), producer surplus (PS), weifare (W, and deadweight loss (DWL)? Wih the subsidy, the equibrium price is Sand the equilibrium quantity isunits. (Enter your responses as whole numbers) The cost of the subsidy to the govermment is S (Enter your response as a whole number) The change in consumer surplus (ACS) is S (Enter your response as a whole number.) The change in producer surplus (APS) is S Enter your response as a whole number) The change in welttare (AW) is S (Enter your reaponse as a whole number and include a minus sign i necessary Deadweight loss is S (Ender your response as a whole number)Consideracompetitivemarketwheremarketdemandandthemarketsup- ply are given, respectively, byQD =1000−100P and QS =100P a)Findthecompetitiveequilibriumprice,quantity,andproducersurplus. (b) Suppose the government wants to help the consumers by imposing a price ceiling of Pc = 4. Find the market equilibrium price, quantity, and producer surplus. (c) Suppose now the producers are complaining, and the government de- cides to keep the price ceiling policy, but at the same time, the government will give a subsidy of s per unit to the producers. What is value of s that can make the producers as well off as before imposing the price ceiling (that is, producer surplus equals to the value in part (a))? Please express final numerical answers in decimal format
- QUESTION 11 A market for clocks is in equilbrum You are told that marginal costs of producing clocks is constant at P 25 (Then the oply carvei You dont know anything sbout the demand curn What is producor surplus in this market?41 The change in producer surplus as a result of the shuft in the graph below is equal to 1050 b. 1050 C 5000 O None of the above 90 75 100 125 The following Table is for answering questions 42 to 45 below: Output 6000 7200 Input 1200 TFC TVC 6000 TC MC 2400 T Y 30 4440. 42 What is the valuc of W? a. 1400 2400 2 1000 d. None of the above 275 43 What is the value of X? a 2200 b 4400 9 8400 Can't say, insufficient information 1750 11Suisnou 1o sni .an increase in the producer surplus in the housing market .d O A price ceiling makes it illegal to charge a higher price than the specified price :choose one true O Error O price floor results in a surplus if the floor price is higher than the equilibrium price
- Plz sir help me outQuestion 2h Gvem the folowing ndormation Q0-240-5P where QD is the quantity demanded, 05 is the quantity upplied and Pis the poo Suppose that the government decides to impose a tax of $12 per unit on sellers in tthe market Determne Deadwnght loss of the taxConsider a market in which the demand curve is given by P = 9 -0.1Qd, and the supply curve is given by P = 0.2Qs. Suppose the government imposes a price floor of 7 dollars. How much is producer surplus? 100 ○ 40 90 070 Crider a market in which he and by 1-41 Selected Answer88 Awers 0100 70 pics of how much is
