13P Question 4: (4 points): Demand curve for milk is Q=440 - 13P while supply curve...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
13P Question 4: (4 points): Demand curve for milk is Qº=440 - 13P while supply curve is Q² = 11+2, where P is measured by VND thousand per milk box, and Q by hundred thousand milk boxes. The government decided to provide a consumption subsidy of VND 6,000 per milk box. Calculate: a. What is pre- and after-subsidy gross revenue? b. What is subsidy benefit enjoyed by consumers and producers? c. What is subsidy-induced deadweight loss from consumers' and producers' sides? d. What is total cost of subsidy for state budget and total deadweight loss of the society? 13P Question 4: (4 points): Demand curve for milk is Qº=440 - 13P while supply curve is Q² = 11+2, where P is measured by VND thousand per milk box, and Q by hundred thousand milk boxes. The government decided to provide a consumption subsidy of VND 6,000 per milk box. Calculate: a. What is pre- and after-subsidy gross revenue? b. What is subsidy benefit enjoyed by consumers and producers? c. What is subsidy-induced deadweight loss from consumers' and producers' sides? d. What is total cost of subsidy for state budget and total deadweight loss of the society?
Expert Answer:
Answer rating: 100% (QA)
Given Q D 440139P Q S 1113p2 where P VND 1000 milkbox Q VND100000 440139P13P211 4401126P139P2 ... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Assume that the demand curve for milk is given by Q = 100 - 10 P , where P is the price per gallon and Q is the quantity demanded per year. The supply curve is horizontal at a price of 2. a. Assuming...
-
In the year 2010, the government decided to construct a thermal plant in a small town called Aboadze in the Western Region of Ghana. Discuss its impact on equilibrium wage in Aboadzi(Ghana) in the...
-
Suppose the government decided to subsidize health insurance for the currently uninsured, requiring participants to pay half of their health insurance costs up to 10% of total family income. a. How...
-
Given that the notion of HRM is seen in some countries to be more advanced than the idea of personnel management, why might the latter continue to be the preferred terminology in most of Europe?
-
On January 1, 2010, Picante Corporation acquired 100 percent of the outstanding voting stock of Salsa Corporation for $1,765,000 cash. On the acquisition date, Salsa had the following balance sheet:...
-
Kathleen Battle Corporation was organized on January 1, 2025. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated...
-
"In late March, a programmer made a minor change in the program that was used to update the New York City Department of Social Services' master file. Because the revision was "trivial," the program...
-
Chander, Inc., manufactures cloth shopping bags. The controller is preparing a budget for the coming year and asks for your assistance. The following costs and other data apply to bag production:...
-
Monopoly is a market with high entry and exit barriers controlled by one firm in the industry. Monopoly is also known to be restricting its output in order to raise its price and operating on the...
-
Paul Poti, is the sole proprietor of Poti Enterprises, a small retail shop selling widgets located in Edmonton, AB. The shop has been in operation for several years. Paul provides you with the...
-
The price of Treasury bill TRB140620T10 is 94,302T.L. on May 14,2020. What is the yield to maturity of this bond? What is the effective annual rate?
-
As a successful entrepreneur and CEO, you are considering making some financial decisions for your engineering company. Examining the financial report of your company, you notice: . The upgrade of...
-
The 2020 season was expected to be a year of partying at Cedar Fair. Its namesake theme parkCedar Pointreached its 150 th year, and its Knotts Berry Farm was prepared to celebrate its 100 th...
-
Ruler Formula Bar Normal Page Break Page Custom Preview Layout Views Gridlines Headings Zoom 100% Zoom To Selection Window Macros Workbook Views Show Zoom Macros A A1 V A B D E F G H 4 Assume That...
-
An US firm agrees to sells a Yen Bond at 4% to a Japanese firm and purchases an USD bond at 8% from the Japanese firm. Yen interest rate: 1% (continuous compounded) USD interest rate: 2% (continuous...
-
Breast cancer patients in a London, England, hospital were being treated for spinal metastases. They were followed over a five-year period, with their ambulatory state being recorded before treatment...
-
Which statement would most fit with the compromising conflict style? a . ) . ) Well , , clearly you don't care about my needs, so let's just do it your way! b . ) . ) This is non - negotiable. c . )...
-
What is the difference between adsorption and absorption?
-
The Census Bureau recently created a new supplemental poverty measure, which defines the poverty threshold as the amount of money that the poorest third of Americans spend on food, clothing, shelter,...
-
In Austin, Texas, a comedy club complained to its landlord that its performances were being interrupted by the boisterous congregation of a church within the same building. The landlord asked the...
-
The three panels in Figure 10.5 show instances in which health insurance either increases or stays the same with the introduction of government-provided insurance. Diagram a set of indifference...
-
Fill in the Blank. In a random process, the outcome of an experiment will be a function of some _________ such as time.
-
What is the covariance between two random variables \(X\) and \(Y\) ?
-
The joint density function of two random variables \(X\) and \(Y\) is given by \[p_{X, Y}(x, y)= \begin{cases}\frac{x y}{9}, & 0 \leq x \leq 2,0 \leq y \leq 3 \\ 0, & \text { elsewhere }\end{cases}\]...
Study smarter with the SolutionInn App