BN5 (3)(b)(c)(d)Case:Recycling services for private businesses can be purchased from many firms in acompetitive market. The Supply and Demand are:Ps= 1000 + 20QsPd=4000-5QdA Government is interested in promoting recycling by subsidizing the Cost ofServices.[Based on Bartleby Expert Answer for BN5 (3)(a), Below ]Questions: (Please Answer These Questions - Only)BN5 (3).(b)What would the Price and Quantity be if the City adds a $500 Subsidy perUnit of Recycling?BN5 (3)(C)How much will the Subsidy cost the City?BN5 (3)(d)Who will benefit more from the Subsidy- Consumers or Producers?Bartleby Expert Answer:BN5 (3)(a)What is the Equilibrium Price and Quantity of Recycling Services?Equilibrium Price = 3400Equilibrium Quantity = 120

Supply function : Ps = 1000 + 20QsDemand function : Pd = 4000 - 5QdSubsidy = 500

Case: Recycling services for private businesses can be purchased from many firm competitive market. The Supply and Demand are: Ps= 1000+20Qs Pd=4000-5Qd A Government is interested in promoting recycling by subsidizing the Cost

Case: Recycling services for private businesses can be purchased from many firm competitive market. The Supply and Demand are: Ps= 1000+20Qs Pd=4000-5Qd A Government is interested in promoting recycling by subsidizing the Cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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BN5 (3)(b)(c)(d)
Case:
Recycling services for private businesses can be purchased from many firms in a
competitive market. The Supply and Demand are:
Ps= 1000 + 20Qs
Pd=4000-5Qd
A Government is interested in promoting recycling by subsidizing the Cost of
Services.
[Based on Bartleby Expert Answer for BN5 (3)(a), Below ]
Questions: (Please Answer These Questions - Only)
BN5 (3).(b)
What would the Price and Quantity be if the City adds a $500 Subsidy per
Unit of Recycling?
BN5 (3)(C)
How much will the Subsidy cost the City?
BN5 (3)(d)
Who will benefit more from the Subsidy- Consumers or Producers?
Bartleby Expert Answer:
BN5 (3)(a)
What is the Equilibrium Price and Quantity of Recycling Services?
Equilibrium Price = 3400
Equilibrium Quantity = 120

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