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- qUESTION IS ATTACHEDI N SCREENSHOT BELOW THANKS FOR THE HLEP 13L6P4YP35YYETH[ RG[EP(Figure: Toxic Waste) From the graph, external cost per ton of toxic waste would be Price ($ per ton) 2222288822 200 180 160 140 120 100 8 80 80 40 20 0 $60. $70. $80. $90. 10 20 30 0 40 50 GO 70 80 90 100 110 120 Quantity (tons of toxic waste)The graph illustrates the market for hoodies. Suppose the current price of a hoodie is $60 and 4 million hoodies a year are bought. What do you predict will happen to the price of a hoodie? OA. The surplus of hoodies forces the price down. B. The price will not change because neither a shortage nor a surplus occurs. OC. It is impossible to say what will happen to the price of a hoodie. O D. The shortage of hoodies forces the price up. G BI REAS m 8 Te OR Se on N MAN
- Prce per botie (S) The diagram to your right describes the per unit costs and revenues related to the monopoly firm NutriPowder Inc. NutriPowder Inc manufactures and sels a new food powder called NuriPowder that provides the consumer with all the essential nutnents and yet helps the consumer treduce his or her woight significantly Using the rectange drawing tool, draw the area that represents the weekly maximum total prote eamed by manufacturing and selling NutnPowder. Label it Profr. Note: if you are not prompted for a label then you have used the wrong drawing tool MC to ATC 41 20 112 MR 20 Quantity (Hundeds of bottes per week)1,2,3 onlySupply-Induced Demand The chart below depicts an individual's utilization of her regular physician's services, measured in number of visits. The downward - sloping purple line represents her demand for (i.e. marginal benefit of) office visits, the horizontal black line, at $130, is the market price of an office visit, the blue line, at $70, is the marginal cost the physician incurs for each visit, and the red line, at $40, is the per- visit copayment paid by the individual (she is insured). In addition, the green trapezoid, MB, represents the minimum benefit the physician must provide this individual (i.e. patient) in order to avoid losing her to an alternative provider. Suppose, instead, the increase in competition decreases the individual's information about alternative providers, so that MB decreases in size, filling the area between the demand curve and $ 40 up to 5 visits. Assuming the physician can induce demand, how many visits will the individual make?
- 12 -- 15 ion Price ab ei f Oc D D₁ www. (c + h) (b+c+d) C So (b+c+d+f+g+h+i+j) S₁ Sd Da Refer to the above figure. The cost to the government of the indicated subsidy is shown by area(s): Domestic price with subsidy World price World price with subsidy QuantityPrice (Dollars per gallon) 4.80 4.40 4.00 3.60 3.20 2.80 2.40 2.00 1.60 1.20 0.80 0.40 0 Quantity Demanded (Gallons of water) 0 35 70 105 140 175 210 245 280 315 350 385 420 Total Revenue (Dollars) 0 $154.00 $280.00 $378.00 $448.00 $490.00 $504.00 $490.00 $448.00 $378.00 $280.00 $154.00 0 Suppose Khalid and Sabrina form a cartel and behave as a monopolist. The profit-maximizing price is is 15 gallons. As part of their cartel agreement, Khalid and Sabrina agree to split production equally. Therefore, Khalid's profit is $1.50, and Sabrina's profit is $ Suppose that Khalid and Sabrina have been successfully operating as a cartel. They each charge the monopoly price and sell half of the monopoly quantity. Then one night before going to sleep, Khalid says to himself, "Sabrina and I aren't the best of friends anyway. If I increase my production to 35 gallons more than the cartel amount, I can increase my profit even though her profit goes down. I will do that starting tomorrow." After Khalid…per ogr 82.00 20.00 17.50 16.00 12.00 10.00 7.50 6.00 2.60 250 500 750 1000 120 1500 1750 Quantity of ehrimp (in kilogram) Government of Canada has introduced deficiency payment program with a target price equal to $1750 per kilogram of Shrimp, Government spending under the program is Select one Oa $12,500 Ob $22500 Oc $15,000