Business, 02.03.2021 02:20, krislinsanchez5221

ADVANCED ANALYSIS Assume the following values for the figures below: Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $45 per bag. The price at a is $85 per bag. The price at c is $5 per bag. The price at f is $59 per bag. The price at g is $31 per bag. Apply the formula for the area of a triangle (Area = ½ × Base × Height) to answer the following questions. Instructions: Enter your answers as a whole number. a. What is the dollar value of the total surplus (= producer surplus + consumer surplus) when the allocatively efficient output level is produced? $ What is the dollar value of the consumer surplus at that output level? $ b. What is the dollar value of the deadweight loss when output level Q2 is produced? $ What is the total surplus when output level Q2 is produced? $ c. What is the dollar value of the deadweight loss when output level Q3 is produced? $

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answered: cxttiemsp021

Follows are the solution to the given question:

Explanation:

For point a:

When efficient level Q1 is produced, the dollar amount of the total surplus (production company excess plus its consumer excess) is provided

Surplus consumer area + Surplus manufacturer area

= Triangle Area ABC:

$= \frac{1}{2}\times ac \times Q_1 \\\\= \frac{1}{2}\times (85 - 5) \times 20 \\\\= \frac{1}{2}\times 80 \times 20 \\\\= \$ 800$

So, the total amount of surplus in 5.4a is $800. The dollar value of its surplus is calculated by the output Q1

$= \frac{1}{2}( \text{choke price} - \text{equilibrium price}) \times \text{equilibrium quantity}\\\\= \frac{1}{2}\times (85 - 45)\times 20 \\\\ = \frac{1}{2}\times 40 \times 20 \\\\=$400$

so, the consumer surplus = $400.

For point b:

Whenever the output level Q2 is produced, the unit price of the loss of demise is calculated by the sheltered region in figure 5.4 a

= Triangle Area dbe:

$= \frac{1}{2} \times(de) \times (Q_1-Q_2) \\\\= \frac{1}{2} \times (55 - 35) \times 5 \\\\= \frac{1}{2} \times (20) \times 5 \\\\ = \$50$

So, the deadweight loss = $50. The total surplus for output Q2 is determined by the trapezium suitable area

$= \frac{1}{2} \times (ac + de) \times Q_2\\\\= \frac{1}{2} \times (80 + 20) \times 15\\\\= \frac{1}{2} \times 100 \times 15\\\\= \$ 750.$

So, the total surplus is $750

For point c:

The value of its deadweight loss in dollars in Q3 can be seen in figure 5.4b in the shaded area provided by

= The triangle area bfg

$= \frac{1}{2} \times (fg) \times (Q_3-Q_1)\\\\= \frac{1}{2} \times (59 - 31) \times 7 \\\\= \frac{1}{2} \times 28 \times 7 \\\\ = \$98$

The deadweight loss is $98.

The total excess at output level Q3 is calculated by removing the deadweight loss from the maximum excess. It implies a quantity of between $800 - $98 = $702.

In the incident of oversupply, the consumer supply is, therefore, $702.

answered: Guest

Via: "if you are found to be supplying or dealing drugs, the punishment is likely to be tough. supplying drugs doesn’t just apply to dealers. if police suspect that you intend to share drugs with your friends, this is still considered to be supplying.

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

- up to life in prison or an unlimited fine (or both) for a class a drug- up to 14 years in prison or an unlimited fine (or both) for a class b or class c drug."sorry if this was a school question, you didnt supply options so i assumed it was a personal question, which if it is, reconsider selling or having possesion of any drugs at all. i wish you the best!

answered: Guest

4.94.. let me know if i'm correct

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ADVANCED ANALYSIS Assume the following values for the figures below: Q1 = 20 bags. Q2 = 15 bags. Q3...