Question 16 The market supply is (2021 Summer Midterm) There are two groups of consumers, A...

  

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Question 16 The market supply is (2021 Summer Midterm) There are two groups of consumers, A and B, with the following demand relations, respectively: Answer: Check Question 17 Not complete P = 0.37Q Given this information, we can compute that the market equilibrium price is [Answer]. (In decimal numbers, with two decimal places, please.) Marked out of 1.00 Answer: Flag question Check Demand A: P = 160-QA Demand B: P = 80-QB Continue with the last question. The total consumer surplus at the equilibrium is [Answer]. (In decimal numbers, with two decimal places, please.) Not complete Marked out of 1.00 Flag question Question 14 (2021 Summer Midterm) Suppose the supply curves for pineapples in East Utopia and West Utopia are given as follows: Answer: 15.3 Check Correct Mark 1.00 out of 1.00 If the price of pineapples in Utopia is 18.8 Utopian dollars per kg, the total quantity supplied from Utopia as a whole is [Answer] kgs. (In decimal numbers, with two decimal places, please.) Correct Marks for this submission: 1.00/1.00. Flag question Answer: Check Supply (East Utopia): P = 29 +0.4Qg Supply (West Utopia): P = 2 + 1.1Qw Question 15 Not complete Marked out of 1.00 Flag question Continue with the last question. If the total quantity supplied from Utopia is 317 kgs, the marginal cost of production the 317-th kg is [Answer] Utopian dollars per kg. Question 16 The market supply is (2021 Summer Midterm) There are two groups of consumers, A and B, with the following demand relations, respectively: Answer: Check Question 17 Not complete P = 0.37Q Given this information, we can compute that the market equilibrium price is [Answer]. (In decimal numbers, with two decimal places, please.) Marked out of 1.00 Answer: Flag question Check Demand A: P = 160-QA Demand B: P = 80-QB Continue with the last question. The total consumer surplus at the equilibrium is [Answer]. (In decimal numbers, with two decimal places, please.) Not complete Marked out of 1.00 Flag question Question 14 (2021 Summer Midterm) Suppose the supply curves for pineapples in East Utopia and West Utopia are given as follows: Answer: 15.3 Check Correct Mark 1.00 out of 1.00 If the price of pineapples in Utopia is 18.8 Utopian dollars per kg, the total quantity supplied from Utopia as a whole is [Answer] kgs. (In decimal numbers, with two decimal places, please.) Correct Marks for this submission: 1.00/1.00. Flag question Answer: Check Supply (East Utopia): P = 29 +0.4Qg Supply (West Utopia): P = 2 + 1.1Qw Question 15 Not complete Marked out of 1.00 Flag question Continue with the last question. If the total quantity supplied from Utopia is 317 kgs, the marginal cost of production the 317-th kg is [Answer] Utopian dollars per kg.

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Question 16 Part 1 Quantity demanded QdXYPRONO Demand ... View the full answer