Question

I was given Chapter 2, Problem 10CCQ in Managerial Economics and Business Strategy Ninth Edition with...

I was given Chapter 2, Problem 10CCQ in Managerial Economics and Business Strategy Ninth Edition with some numbers changed. I seem to continue to get the wrong answer though I've gone through this question countless times. The first answer i'm getting is correct, but the second. the "lost social welfare" portion is wrong. The substituted numbers are as follows: When Qxs= -10+Px and Qxd=71-2Px price floor is $33.00. The first answer I'm getting is $594.00, the second answer i get is $108.00.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Please answer this question in short essay form (2-4 paragraphs) Considering that cultures as complicated and...
Please answer this question in short essay form (2-4 paragraphs) Considering that cultures as complicated and socially constructed through the communicative interaction of organizational members. Briefly describe how the organizational concepts of complicated, emergent, unitary, and ambiguous apply to the sample auto-ethnography. Sample Auto-ethnography: Required Reading Auto-ethnography of College X Joe Student Organizational Culture and Diversity 223-58000 “The organization’s culture has both a direct and an indirect impact on the allocation of power among diverse groups. The values and ideologies...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events...
Discuss how the respective organizations’ relations with stakeholders could have potentially been affected by the events that took place at Enron and how the situation could have been dealt with differently to prevent further damage? THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies,...