Quantities of water allocated to agricultural-industrial use, Microeconomics

+44 141 628 6080
[email protected]

Quantities of water allocated to agricultural-industrial use

Consider a water project in a region that supplies water to both industrial and agricultural use. Their demand functions for water are respectively:

Qind = 6 - P
Qag = 12 - P

The water project has a capacity limit of S = 18, and the marginal cost of water supply is constant at 1.

(a) What is the efficient price of water? What are the quantities of water allocated to agricultural and industrial use?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Quantities of water allocated to agricultural-industrial use

Reference No:- TGS065535

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : Expansionary fiscal policy-tax multiplier

Write your individual answer to the question listed above minimum 300 words in essay format in APA style [use APA template in Doc Sharing], using correct the economy. Your answers must include fiscal policy, expansionary fiscal policy, tax multipl

Q : Disadvantage of using shells as money

Which of the following is the main disadvantage of using shells as money instead of coins: durability, portability, uniformity, divisibility?

Q : Calculate the expected value-expected return

Calculate the expected value, the expected return, the variance and the standard deviation of an asset that requires a $1000 investment, but will return $850 half of the time and $1,250 the other half of the time.

Q : What is the net present value of this machine

A company is considering the purchase of new equipment for $45,000. The projected after-tax net income is $3,000 after deducting $15,000 of depreciation.

Q : Quantities of water allocated to agricultural-industrial use

The water project has a capacity limit of S = 18, and the marginal cost of water supply is constant at 1. What is the efficient price of water? What are the quantities of water allocated to agricultural and industrial use?

Q : Determine the marginal propensity to consume

If these economists ignore the possibility of crowding out, what would they estimate the marginal propensity to consume (MPC) to be? Now suppose the economists allow for crowding out. Would 'their new estimate of the MPC be larger or smaller than

Q : Taxing power of the governmental unit

Short-term loans which are backed by the taxing power of the governmental unit and used to meet working capital requirements are called:

Q : What is the total overhead variance

The following information relating to a company's overhead costs is available: Budgeted fixed overhead rate per machine hour $0.50 Actual Variable overhead $73000

Q : Unreserved fund balance

What is the effect on the General Funds' unreserved fund balance when capital assets are purchased during a year from General Fund revenues?

1940751

Questions
Asked

3,689

Active Tutors

1425228

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Quantities of water allocated to agricultural-industrial use

Reference No:- TGS065535

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Expansionary fiscal policy-tax multiplier

Q : Disadvantage of using shells as money

Q : Calculate the expected value-expected return

Q : What is the net present value of this machine

Q : Quantities of water allocated to agricultural-industrial use

Q : Determine the marginal propensity to consume

Q : Taxing power of the governmental unit

Q : What is the total overhead variance

Q : Unreserved fund balance

How does that characters story relate to a personal struggle

Which author said that sports can be thought of as religion

What does scripture tell us about gods view of people

What are your thoughts on the health message

What factors contributed to the division of israel

Reflect on the mission of the church as christianity

Are there any of the objections to the teaching of catholic

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Quantities of water allocated to agricultural-industrial use

Reference No:- TGS065535

Recent Questions Asked Microeconomics

Q : Expansionary fiscal policy-tax multiplier

Q : Disadvantage of using shells as money

Q : Calculate the expected value-expected return

Q : What is the net present value of this machine

Q : Quantities of water allocated to agricultural-industrial use

Q : Determine the marginal propensity to consume

Q : Taxing power of the governmental unit

Q : What is the total overhead variance

Q : Unreserved fund balance

Asked Questions