Which owner has the largest producer surplus when the price of a ride is $17.50? Explain. The
Question:
The table gives the supply schedules for jet-ski rides by the only suppliers: Rick, Sam, and Tom.
Transcribed Image Text:
Quantity suppli (rides per day) Price (dollars per ride) Rick SamTom 10.00 12.50 15.00 17.50 20.00 10 15 10 15 10
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
Rick has the largest producer surplus when the price is 1750 Ricks producer surplus is lar...View the full answer
Answered By
Cyrus Sandoval
I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include:
- Front end languages: css, HTML, Javascript, XML
- Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha
- Back End Languages: Java, Javascript, PHP,kotlin
- Databases: MySQL, PostegreSQL, Mongo, Cassandra
- Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans.
Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer.
I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Lets get some practice with the wedge trick, and use it to learn about the relationship between subsidies and lobbying. The U.S. government has many subsidies for alternative energy development: Some...
-
Based on Table 5P-2, calculate producer surplus for each producer when the price is $12. What is total producer surplus at this price? Seller Willingness to sell for one unit $21 $4 $30 S14 S12 $15...
-
Cameco Corporation is the world's largest producer of uranium. It also converts the uranium into fuel for light water reactors, as well as Candu reactors. It is a part owner in Bruce Power, which...
-
Two pulses A and B are moving in opposite directions along a taut string with a speed of 2.00 cm/s. The amplitude of A is twice the amplitude of B. The pulses are shown in Figure P18.2 at t = 0....
-
Construct a scatterplot of the following data. a. Plot the following two lines on your scatterplot: y = 3 - x and y = 1 + x b. Which of these lines would you choose to characterize the relationship...
-
The article "The Accuracy of Stated Energy Contents of Reduced-Energy, Commercially Prepared Foods" (J. of the Amer. Dietetic Assoc., 2010: 116-123) presented the accompanying data on vendor-stated...
-
Dash Delivery Co. Ltd operates a freight service and is planning the next years operation. The companys assets are estimated to be \($30\) 400 000 at the beginning of the financial year and \($30\)...
-
1. Create a service blueprint of the refinancing process. Why do you think the bank organized its process this way? What problems have ensued? 2. Examine the process carefully. Look at customer/...
-
The velocity v(t) of a ball thrown upward satisfies the equation v(t) = vo + at, where vo is the initial velocity of the ball in ft/s and a is the acceleration in ft/s2 Given the data find the...
-
You are the Owners project manager on an electrical upgrade project. Existing overhead power lines are being buried in a duct bank to hide them from view in an area of the town that is being...
-
Why do you think restaurants dont use the market price to allocate their tables?
-
Construct the market supply schedule of jet-ski rides. The table gives the supply schedules for jet-ski rides by the only suppliers: Rick, Sam, and Tom. Quantity suppli (rides per day) Price (dollars...
-
What does the Nyquist criterion tell us?
-
Refer to the Article Summary. Colorado taxes marijuana with a 2.9% standard sales tax and a 15% state marijuana sales tax, in addition to local taxes. All of these taxes are paid by consumers at the...
-
Use algebra and limit properties to determine the exact value of the limit, if it exists: lim 52 30 - x-6x2-x-30
-
Vectors A, B, and C have the given components. Ax = 3.0 Ay = 7.0 Bx = 2.0 By = -3.0 Cx = 6.0 Cy = 6.0 Find the components of the combinations of these vectors. (A+B) = (A-3.0C) - (A+B), = (A-3.0C), =...
-
if f(x) = x+2 and g(x)=2x+5 What is (fog)(x)
-
An order is written as 25,000 units of heparin in 250 ml D5W to infuse at 1300 units/h, what is the correct rate of infusion (in ml/h)? How long will the current bag last, assuming the rate stays the...
-
In Exercises 4146, use the graph to a. Determine the x-intercepts, if any; b. Determine the y-intercepts, if any. For each graph, tick marks along the axes represent one unit each. y
-
Parkin Industries, a U.S. company, acquired a wholly-owned subsidiary, located in Italy, at the beginning of the current year, for 200,000. The subsidiary's functional currency is the euro. The...
-
The government should charge higher import taxes on companies that deliberately close operations in Canada, causing job losses in factories and farming, only to move operations to the United States...
-
A typical family on Sandy Island consumes only juice and cloth. Last year, which was the base year, the family spent $40 on juice and $25 on cloth. In the base year, juice was $4 a bottle and cloth...
-
Amazon.ca agreed to pay its workers $20 an hour in 1999 and $22 an hour in 2001. The price level for these years was 166 in 1999 and 180 in 2001. Calculate the real wage rate in each year. Did these...
-
In the Heckscher-Ohlin model, as trade occurs in a capital-abundant country, increased imports will force domestic import- competing firms to decrease prices and production. Labor and capital will...
-
Why has Gatorade been so successful in the sports drink market?
-
Mohali Foods has estimated that fixed costs per month are Rs . 1 1 4 , 8 4 0 and variable costs per unit of sales is 4 2 % . For the month the business anticipates sales of Rs . 3 0 0 , 0 0 0 . What...
Study smarter with the SolutionInn App