An articie in the Wal Street Journal discussed research at Ohio State University that may lead...
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An articie in the Wal Street Journal discussed research at Ohio State University that may lead to producing carbon black-an important input in automobile tire making-out of eggshe ls, tomato skins, and other food waste. According to the articde, this research could lead to a reduction in the cost of producing tires. Source: Deniel Akst, "Making Tire Filler from Eggshells" Wal Street Journel, March 9, 2017. Refer to the graph at right, and the shaded areas designated by letters A through N. Assume that S, is the initial supply curve. a. These falling costs result in a consumer surplus in the market for tires represented by areas A. A, B, C. D, E, F, G. В. А, В. С. с. А, В, С. Е. D. A, B, C, D, E, F, G, H, I. b. These faling costs result in a loss of producer surplus equal to areas O A. D, F. G. B. F. G. H, I. C. D. E. F. G, H, I. OD. G, H, I. There is a gain of producer surplus equal to areas A. J.L, K. B. F, G. H, I, J, K. C. H, I,K OD. K, L. M. The actual net change in producer surplus A. is positive. B. is negative. C. depends on the actual size of the loss and gain. Market for Tires So -Sy B K M. D Quantity Price (S) An articie in the Wal Street Journal discussed research at Ohio State University that may lead to producing carbon black-an important input in automobile tire making-out of eggshe ls, tomato skins, and other food waste. According to the articde, this research could lead to a reduction in the cost of producing tires. Source: Deniel Akst, "Making Tire Filler from Eggshells" Wal Street Journel, March 9, 2017. Refer to the graph at right, and the shaded areas designated by letters A through N. Assume that S, is the initial supply curve. a. These falling costs result in a consumer surplus in the market for tires represented by areas A. A, B, C. D, E, F, G. В. А, В. С. с. А, В, С. Е. D. A, B, C, D, E, F, G, H, I. b. These faling costs result in a loss of producer surplus equal to areas O A. D, F. G. B. F. G. H, I. C. D. E. F. G, H, I. OD. G, H, I. There is a gain of producer surplus equal to areas A. J.L, K. B. F, G. H, I, J, K. C. H, I,K OD. K, L. M. The actual net change in producer surplus A. is positive. B. is negative. C. depends on the actual size of the loss and gain. Market for Tires So -Sy B K M. D Quantity Price (S)
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Answer Date a New Conseumer surplus A BCE DFGH I An ... View the full answer
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Discovering Advanced Algebra An Investigative Approach
ISBN: 978-1559539845
1st edition
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
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