mework i A 20.00 B 19.00 18.00 D 14.00 10.00 used DVDs. F 5 Saved per week G 10 Instructions: Enter your response rounde

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Mework I A 20 00 B 19 00 18 00 D 14 00 10 00 Used Dvds F 5 Saved Per Week G 10 Instructions Enter Your Response Rounde 1 (36.98 KiB) Viewed 11 times

Mework I A 20 00 B 19 00 18 00 D 14 00 10 00 Used Dvds F 5 Saved Per Week G 10 Instructions Enter Your Response Rounde 2 (29.89 KiB) Viewed 11 times

Mework I A 20 00 B 19 00 18 00 D 14 00 10 00 Used Dvds F 5 Saved Per Week G 10 Instructions Enter Your Response Rounde 3 (35.77 KiB) Viewed 11 times

mework i A 20.00 B 19.00 18.00 D 14.00 10.00 used DVDs. F 5 Saved per week G 10 Instructions: Enter your response rounded to two decimal places The new consumer surplus is S per week The new producer surplus is $ The total economic surplus lost is $ per week. H 30 100 Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling of $14.00 on used DVDs, on the grounds that local suppliers are taking advantage of teenagers by charging exorbitant prices. a. Calculate the weekly shortage of used DVDs that will result from this policy. Instructions: Enter your response as a whole number. Help Save & Exit Subm b. Calculate the new consumer surplus, the new producer surplus, and the total economic surplus lost every week as a result of the price ceiling. Check my work

A 20.00 UP $ 19.00 $ per week. SP 18.00 Calculate the following at the equilibrium price of $18.00. a. The weekly consumer surplus at the market equilibrium price. Instructions: Enter your response rounded to two decimal places. D 14.00 per week. 10.89 F b. The weekly producer surplus at the market equilibrium price. Instructions: Enter your response rounded to two decimal places. 5 G 10 H 30 100 c. The maximum weekly amount that producers and consumers in Lincoln would be willing to pay to be able to buy and sell used DVDs in any given week (total economic surplus). Instructions: Enter your response rounded to two decimal places. Iner wook Check my

The city of New Orleans has 200 advertising companies, 199 of which employ designers of normal ability at a salary of $100,000 a year. The companies that employ normal designers each collect $500,000 in revenue a year, which is just enough to ensure that each earns exactly a normal profit. The 200th company, however, employs Janus Jacobs, an unusually talented designer. Because of Jacobs's talent, this company collects $1,000,000 in revenue a year. a. How much will Jacobs earn? per year. How much of her annual salary will be economic rent? Instructions: Enter your response as a percentage rounded to the nearest whole number. b. Will the advertising company for which Jacobs works be able to earn an economic profit? Yes No Check m