QUESTION 1 Given a demand curve of P = 1200 - 40Qd and supply of P = 200 + 10Qs and a binding price control at 363, please calculate the societal deadweight loss.
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- QUESTION 1 Given a demand curve of P = 1200 - 40Qd and supply of P = 200 + 10Qs and a binding price control at 363, please calculate the societal deadweight loss.Please no written by hand solution The demand for the Tesla electric automobile is P = 200,000 – 2Q, where P is in $/car and Q is the number of cars sold per year The supply of the Tesla is P = 20,000 + 10Q, P is in $/car and Q is the number of cars produced per year. Find the equilibrium price and quantity of the car assuming there are no buyer subsidies. Also find consumer and producer surplus and total social welfare.e. Determine the deadweight loss to society (if any) when the regulated price is $10 per unit.
- Price $18 $14 $12 $40 50 $55 70 Se social Dinternal Quantity How much is the deadweight loss caused by this externality? SinternalThe market for plasticans is perfectly competitive. Market Supply is given by Q=5P and Market Demand is given by Q=462-2P. Each extra unit of plastican produced imposes a negative externality of $6. What is the (absolute value of) Deadweight Loss due to the externality? Enter a number only, drop the $ sign. Do NOT include a negative sign.Given a demand curve of P = 1200 - 40Qd and supply of P = 200 + 10Qs and a binding price control at 291, please calculate the societal deadweight loss..
- Assume there is a positive externality associated with having a tertiary education. Is the deadweight loss from the subsidy increased or decreased with the introduction of the positive externality? Why?Add comments, discussion or calculations to your PART TWO document as directed. The market demand and supply curves for Quebec maple syrup are given by Qd = 2000 – 45P Q, = 35P+ 1000 where the quantities Q are in 1000s of gallons per year. The government of Quebec, seeking additional revenue sources, imposes a $2 per gallon tax on all maple syrup sold in the province. IN YOUR PART TWO DOCUMENT, your work in calculating the size of the deadweight loss of this tax on the market, and drawing relevant pictures. HERE answer the following question: How much deadweight loss will there be as a result of the tax?In the market shown, with a price ceiling of 10, the deadweight loss relative to the market equilibrium is Price 15 10 35 30 $₁ 25 20 15 10 5 مد DI 0 0 50 100 150 200 250 300 350 100 150 Quantity
- The use of gasoline creates a negative externality through air pollution. What is the size of the deadweight loss (DWL) caused by the externality? Select ALL letters that are part of the DWL Priate 700 OA OHA firm that electroplates inexpensive jewelry produces toxic waste, some of which ends up in a nearby river because of pipe leakage. If state regulators notice the problem and order the firm to make repairs and improve its monitoring processes, the supply curve will shift from S1 to S2.What region of the graph represents the deadweight loss that is eliminated by the change? Use the area tool to outline the region.If a marketplace produces $40 in consumer surplus and $20 in producer surplus and has a deadweight loss of $15 then this products value to society with the price control is:
