The graph below shows the market for Artisanal porcelain cloths.
a) what is the equilibrium price and quantity of the sloths?
b) What is the total revenue for business says business is at the equilibrium point?
c) Calculate the producer and consumer surplus at equilibrium. Show your work.
d) Who is benefiting more, or has a greater surplus, an equilibrium, consumers or producers? Explain.
e) the porcelain slots decrease in price. They are a substitute good for glass llama sculptures. Draw a correctly labeled graph of the market for glass llama sculptures before and after the sloths decreased in price.
f) Shade the producer surplus after the tech change described in part E.
g) what would happen to the equilibrium price and quantity for llama sculptures as a result of the price decrease of the porcelain sloths? Explain.
h) The price of the glass used to make the llama sculptures decreases. On a new graph, illustrate the market for glass llama sculptures before and after the glass decreased in price.
i) if the price decrease for glass happened at the same time as the price decrease for porcelain sloths, How would the equilibrium price and quantity for the glass llamas change? Explain.
Answers
The equilibrium price and equilibrium quantity for the porcelain sloth are :
EQ = 3Units; and
EP = $5
Note that equilibrium price and equilibrium quantity are the price and quantity at which supply equals demand.
What is the total revenue for business says business is at the equilibrium point?Note that Total Revenue is given as:
Price x Quantity
Hence the Total Revenue at the equilibrium point is
5 x 3 = $15
Producer Surplus
A measure of producer welfare is producer surplus. The region above the supply curve and below the equilibrium price is how it is depicted visually.
Hence on the attached graph, the portion that represents the producer surplus is the green right-angled triangle. To find the producer surplus, all we need to do is to find the area of the green right angled triangle.
Recall that the area of a right angled triangle is given as:
1/2 * b * h
Since b = 5; and h = 3 (because the triangle starts off at (0,0)), then
Producer Surplus = 1/2 * 5 *3
PS = 7.5
The producer surplus rises as a result of the increased motivation to create more things when the price rises.
Consumer Surplus
Consumer surplus is shown by a horizontal line drawn between the y-axis and demand curve and is defined as the region below the downward-sloping demand curve and above the existing market price of the good.
In this attached graph, this would be represented as the orange right angled triangle.
To find the consumer surplus, all we need to do is to find the area of the green right angled triangle.
Recall that the area of a right angled triangle is given as:
1/2 * b * h
Since b = 3; and h = 3 (because the triangle starts off at (0,0)), then
Consumer Surplus = 1/2 * 3 *3
CS = 3
Who is benefiting more, or has a greater surplus, an equilibrium, consumers or producers?
From the results gotten above, the party with the greater surplus (and by inference, greater benefit) at equilibrium are The Suppliers. This is because the price at equilibrium is higher that what they would have been willing to accept by 7.5.
Draw a correctly labeled graph of the market for glass llama sculptures before and after the sloths decreased in price.
Please see the attached image.
Where producer surplus after the tech change described in part E above?This is depicted in the region shaded blue.
What would happen to the equilibrium price and quantity for llama sculptures as a result of the price decrease of the porcelain sloths?As depicted in the graph it is clear that the equilibrium quantities for llama sculptures decreased and also shifted to a new equilibrium point because both products are substitutes.
What happens when the market for glass llama sculptures before and after the glass decreased in price?See graph three below.
I the price decrease for glass happened at the same time as the price decrease for porcelain sloths, How would the equilibrium price and quantity for the glass llamas change?
This would lead to a new equilibrium point that was lower than the old one. See graph three.
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Related Questions
AP Human Geography
In the fundamentals of central place theory, which of the following terms is
defined as the maximum distance a consumer will travel to acquire a good or
service?
-Cost-to-distance ratio
-Threshold
-Distance decay
-Relative location
-Range
Answers
Answer:
Distance decay
Explanation:
thats uow i know it
In the fundamentals of central place theory, distance decay is defined as the maximum distance a consumer will travel to acquire a good or service. The correct option is c.
What is Distance decay?
Distance decay is the term used to explain how a relationship between two individuals, places, or systems weakens as their distance from one another grows.
The degree of connectedness between things in a spatial process is often determined by some sort of quantifiable interaction or implicit similarity.
According to the theory of distance decay, places that are close to one another interact more than those that are far apart. The spread of an idea is more likely to take place nearby the hearth than it is farther away.
Therefore, the correct option is C. Distance decay.
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What is the link between the Enlightenment, the Industrial Revolution and the rise of
socialism?
Answers
Answer:
The Industrial Revolution was the transition to new manufacturing processes in Europe and the United States, in the period from about 1760 to sometime between 1820 and 1840
What is the differences in international world trade companies?
Answers
Answer:
International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national borders. ... International trade is the exchange of capital, goods, and services across international borders or territories.
What African resources drove European imperialism in the 1750 to 1900 time period?
Answers
Answer:
These include, land, labor, people, minerals
Explanation:
During the time frame 1750 to 1900, industrialization and the development of private enterprise carried with it new strategies for acquiring monetary flourishing and development. During the 1800s, land outside of Europe was overwhelmed by European colonialism The term dominion is characterized as the arrangement of expanding a nation's force and impact by misusing another country through strategy or military power for monetary addition. Basically, when a nation imperializes another region, it takes over either financially or forcibly and secures land. Colonialism was generally uncontrolled in Africa, where European nations were running left and option to snatch any land they could.
Describe the origins of Christianity and Islam.
Answers
Explanation:
Christianity was born from within the Jewish tradition, and Islam developed from both Christianity and Judaism. While there have been differences among these religions, there was a rich cultural interchange between Jews, Christians, and Muslims that took place in Islamic Spain and other places over centuries.
ty
Christian
Christianity began in the 1st century AD after Jesus died and resurrected, as a small group of Jewish people in Judea, but quickly spread throughout the Roman empire. Despite early persecution of Christians, it later became the state religion. In the Middle Ages it spread into Northern Europe and Russia.
Islam
Although its roots go back further, scholars typically date the creation of Islam to the 7th century, making it the youngest of the major world religions. Islam started in Mecca, in modern-day Saudi Arabia, during the time of the prophet Muhammad's life. Today, the faith is spreading rapidly throughout the world.
what grade does 5th graders be in?
Answers
that you do on purpose friend
Define what a genetically modified organism (GMO) is
Answers
Genetically Modified Organism or GMO- A GMO is an organism whose genome has been altered by the techniques of genetic engineering so that its DNA contains one or more genes not normally found there.
Short answers:
An organism with foreign DNA inside its genome.
In 1848, the Frankfurt Assembly
a. gained the support of Austria.
b. declared its solidarity with revolutionary France.
C. succeeded in making Prussia's Frederick William IV president of a united Germany.
X d. unanimously adopted a Grossdeutsch solution for the Germanies.
e. failed in its attempt to create a united Germany.
Answers
Answer:
And the answer is E im pretty sure
The final line of "Bartleby, the Scrivener" – "Ah, Bartleby! Ah, humanity!" -
can best be read as suggesting:
O A. the narrator is tired.
B. the narrator feels guilty about his treatment of Bartleby.
C. Bartleby is an unusual case and not representative of humanity in
general.
D. the narrator feels Bartleby's fate may also be humanity's.
O E. the narrator thinks Bartleby is unimportant.
Answers
Answer:
D
Explanation:
What inspired the blockbuster TV series The Crocodile Hunters and led to a complete body of work for Steve Irwin and his wife?
Answers
Answer:
The Crocodile Hunter is a wildlife documentary television series that was hosted by Steve Irwin and his wife, Terri. The show became a popular franchise due to Irwin's unconventional approach to wildlife. It spawned a number of separate projects, including the feature film The Crocodile Hunter: Collision Course and two television spinoffs: Croc Files and The Crocodile Hunter Diaries. The series was presented on Animal Planet, becoming the network's highest-rated series at the time, and was in international syndication on networks worldwide.[4] The series aired 64 episodes during five seasons, from 1997 through 2004, with a pilot episode in 1996 and 13 specials into 2007; with a nearly 11-year run, the series is the second longest-running program of any Discovery Communications network, behind MythBusters.
Explanation:
In what sense can ethics be regarded as a system of knowledge?
Please I need a lot of people it’s an open question:)
Answers
Ethics is regarded as a system of knowledge because it’s concerned with the moral principles governing or influencing conduct.
Describe what projective tests are, and then explain how projection is used in the thematic apperception test (TAT) and the Rorschach inkblot test. How effective are these tests?
Answers
Answer:
Projective tests are a type of personality test that is designed to have a person react to ambiguous stimuli to potentially reveal hidden emotions that are projected onto the test. In the Rorschach Inkblot Test a person is shown a series of ten black and white cards and asked to report the first thing that comes to mind. The participant then says what came to mind and may project some emotions onto the inkblot that were previous unmentioned. The person administering the test then records aspects of their reactions like gestures and tone of voice. In a thematic apperception test or TAT a person is shown an ambiguous scene and asked to create a story around it. The person can then reveal emotions that they did not previous mention in the story by stating how the characters feel and how the story ends. In a projective test a lot is up for interpretation based on the individual and how they are feeling at that time making the test lack both reliability and validity because of no grading scale being set in stone and results being inconsistent.
Explanation:
I just did this on edge. Brainliest?
A projective test is a test that's used to show the emotions of an individual.
What is a projective test?It should be noted that a projective test simply means sets of ambiguous stimuli that are designed to show one's emotions.
In a thematic apperception test, it is used to show an ambiguous scene and a story is created around it. This is vital to show emotions.
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Question 1 of 10
What does democratized knowledge mean?
A. Everyone can vote to determine what knowledge should be
shared.
B. Everyone has equal access to knowledge that they can also
contribute to.
C. Everyone has a right to own a computer with Internet access.
D. People decide together what information the public needs to
know.
Answers
Answer:
find a A Book of ethics it can be find in theyre trust me
B - Everyone has equal access to knowledge that they can also contribute to.
How can a population pyramid tell you about where a country has been and where it is headed?
Answers
Population pyramids show the structure of a population by comparing relative numbers of people in different age groups. Population structures differ markedly between Less Economically Developed Countries LEDCs and More Economically Developed Countries MEDCs. Population pyramids are used by demographers as a tool for understanding the make-up of a given population, whether a city, country, region, or the world. A population pyramid does not tell you the actual population in numbers. Rather, it displays percentages and shows what portion of people fall into each cohort.
Explain how you would filter the dog dataset traversal to have a filtered list of dogs who live long lives
Answers
Answer:
This can be done using Excel. Filtering lists means selecting from the entire list only those records whose field values satisfy the specified conditions. In our case, we need to select dogs that live long.
MS Excel allows you to perform filtering with three tools that have different functionality.
Excel has three tools for filtering lists - AutoFilter, which is applied in case of simple selection conditions, Custom AutoFilter, and Advanced filter for more complex selection conditions.
Explanation:
Can new knowledge change established values or beliefs?
Answers
Answer:
Updating beliefs with new knowledge should be heavily influenced by motivation and epistemological values. Those who are affectively motivated to form beliefs independent of conceptual coherence will have little motivation to revise those beliefs in light of new ideas that could increase coherence.
N2 + 3H2 2NH3
If N2 is reacting at a rate of –0.40 M/s, what is the rate by which NH3 is being produced? (Also, show calculations.)
-0.80 M/s
+0.40 M/s
+0.80 M/s
+1.20 M/s
Answers
Answer:
+0.8M/s
Explanation:
We are given that
[tex]N_2+3H_2\rightarrow 2NH_3[/tex]
Rate of reacting of N2, d/dt([N2])=-0.4M/s
We have to find the rate by which NH3 is being produced.
We know that
[tex]-\frac{d[N_2]}{dt}=\frac{1}{2}\frac{d[NH_3]}{dt}[/tex]
Using the formula
[tex]-(-0.4)=\frac{1}{2}\frac{d[NH_3]}{dt}[/tex]
[tex]\frac{d[NH_3]}{dt}=0.4\times 2[/tex]
[tex]\frac{d[NH_3]}{dt}=0.8M/s[/tex]
Hence, the rate by which NH3 is being produced=0.8M/s
Option C is correct.
0.8M/s
A biker goes from 15 ms -1to 0 ms -1after hitting a brick wall. Its rate of acceleration is -50ms -2 . Calculate the time taken for the bike to decelerate.
Answers
Answer:
Time taken t = 4.167 seconds (Approx)
Explanation:
Given:
Initial Speed u = 12 m/s
Final speed v = 0 m/s
Acceleration a = -50 m/s²
Find:
Time taken t
Computation:
v = u + at
0 = 12 + (-50)t
t = 4.167 s
Time taken t = 4.167 seconds (Approx)
Which pair of excerpts correctly matches an idea in the novel Wonder with a probable inspiration from Natalie Merchant's song "Wonder"?
Novel: But I know ordinary kids don't make other ordinary kids run away screaming in playgrounds.
Song: disbelieving what they're seeing
Novel: The last surgery I had was eight months ago, and I probably won't have to have any more for another couple of years.
Song: and as far as they can see they can offer
no explanation
Novel: “The kid's got a killer handshake," Mr. Tushman agreed, and everyone laughed above my head.
Song: I'm over your heads
how I confound you and astound you
Novel: "So if you ever need anything, August, I'm the one to ask. And you can ask me anything."
Song: Newspapers ask intimate questions
want confessions
Answers
Answer:
C
Explanation:
When you do a vehicle check, what do you NOT need to keep an eye on?
Answers
For what value of k is the expression x4+kx2+49 a perfect square?
7
14
49
98
Answers
Answer:
the value is 43
Explanation:
how is your mom
how to do magic......................................????????????????????<<<<<
Answers
Answer:
manefestation is a kind of magic .
Explanation:
Answer:
ion know
Explanation:
whats a good romance anime to watch
Answers
Answer:
whisker away..silent voice.. weathering with you...
Explanation:
there are alot of it
Map of German Territorial Changes Versailles Treaty, 1919. A dark line marks the border of Germany's territory before World War 1. A thin light line and dark shaded area marks Germany's territory after the Versailles Treaty. Germany, East Prussia, Poland, Czechoslovakia, France, and the Netherlands are labeled. Clockwise parts labeled are Ceded to Denmark, Ceded to Poland, Ceded to Czechoslovakia, Administered by the League of Nations until 1935, Returned to France, Returned to Belgium, Demilitarized Zone 1919 to 1936.
Which of the following best explains the main motivation for removing territory from German control after World War I, as shown on the map?
New borders were drawn strictly to separate people according to their nationality.
Allied nations wanted to diminish Germany’s economic and military power.
Allied powers took land to compensate themselves for the damages of the war.
Buffer zones were put in place to protect Germany’s neighbors from future aggressions.
Answers
Answer:
Allied nations wanted to diminish Germany’s economic and military power.
Explanation:
The allied nations, some of which included the United States, France, and the Great Britain, who proved victorious after World War 1 implemented several punishments against the Germans and one of these was the loss of their acquired territories. Their main reason for doing this was to diminish Germany's economic and military power.
Rhineland was demilitarized, Alsace-Lorraine was returned to France, Denmark got back Northern Schleswig, amidst several other losses. Germany found these punishments humiliating and proceeded to plan for a second world war.
Answer:
Allied nations wanted to diminish Germany’s economic and military power
Explanation:
This is the correct answer of edge as I got a 2/2 (100%) on this section of the test. There is further proof that I am correct in the file attached.
An excerpt from history.com: "The Treaty of Versailles held Germany responsible for starting the war and imposed harsh penalties in terms of loss of territory, massive reparations payments and demilitarization."
If you read this carefully it matches the answer I have provided.
what are the three distinctive characteristics of a terrorist?
Answers
Answer:
The two researchers analyzed various academic and official definitions of terrorism and identified three main elements as being vital to define terrorism; (1) the use (or threat) of violence1, (2) political objectives and (3) the intention of sowing fear in a target population as a means of achieving these politicalAnna is an 18-year-old senior in high school and is pregnant. Her principal suggests almost daily that she will be more comfortable if she drops out. Is the principal within his rights to do so?
Yes; Title I of the Elementary and Secondary Education Act of 1965 maintains that schools are not appropriate places for pregnant minors.
No; Title II of the Americans with Disabilities Act Amendment Acts of 1990 lists pregnancy as a disability.
No; Title IX of the Education Amendments of 1972 prevents discriminatory acts against pregnant students.
Yes; Title VI of the Civil Rights Act of 1964 maintains that school officials cannot ask students under the age of 16 to leave school.
Answers
Answer:
Yes; Title VI of the Civil Rights Act of 1964 maintains that school officials cannot ask students under the age of 16 to leave school.
Which of the following countries are compact states
PLEASE HELP WILL GIVE BRAINLIEST!!
Answers
Answer: Botswana and Zimbabwe, also is you look up APHG 7 flash cards quizlet it should help you for you class i was once in the same boat as you.
“The wing is a part of a bat.”
A. The "is" of a part-whole relationship
B. The "is" of predication
C. The "is" of identity
Answers
yeah
japanese believed that instead of throwing lucky items in trash they shoul burn it
Answers
Answer:
okayyyyyyyyyyyyyyyyyy
Conspiracy for Gravity Fall fans about Dipper
1: Do you think he had cancer and Gravity Falls is him coping
2: Dipper and Wendy we actually on each others symbols on the cypher