subject
Business, 25.06.2019 10:50 calebabaltimore

2) consider supply and demand for maine lobsters indicated in the following tables to answer questions from a–e below. suppose that the supply schedule of maine lobsters is as follows: price of lobster per pound maine quantity of lobster supplied (pounds) $25 800 $20 700 $15 600 $10 500 $5 400 first, assume that maine lobsters can be sold only in the united states. the u. s. demand schedule for maine lobsters is as follows: price of lobster per pound usa quantity of lobster demanded (pounds) $25 200 $20 400 $15 600 $10 800 $5 1,000 a. looking at both the schedules of supply and demand, as well as the graph of the demand and supply curve for maine lobsters, what is the equilibrium price of lobsters and the equilibrium quantity of lobsters demanded and supplied at that price? the equilibrium price of maine lobsters is $15 per pound, and the equilibrium quantity is 600. b. second, suppose that maine lobsters can also be sold in france. the french demand schedule for maine lobsters is as follows: price of lobster per pound quantity of lobster demanded (pounds) $25 100 $20 300 $15 500 $10 700 $5 900 c. what is the demand schedule for maine lobsters now that french consumers can also buy them? d. using the combined u. s. and french demand schedule, the u. s. demand schedule and the supply schedule, and the graph below, analyze the change in the market for lobsters. what will happen to the price at which fishermen can sell lobster? what will be the final output of lobsters?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
Which of the following is an example of the use of fiscal policy by the u.s. government? a. congress makes it illegal for the police union to go on strike. b. the federal reserve bank lowers the interest rate on loans to corporations. c. the department of transportation increases spending on highway repairs. d. the supreme court rules that unions have the right to collective bargaining. 2b2t
Answers: 1
question
Business, 22.06.2019 10:20
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
question
Business, 22.06.2019 20:40
If the ceo of a large, diversified, firm were filling out a fitness report on a division manager (i.e., "grading" the manager), which of the following situations would be likely to cause the manager to receive a better grade? in all cases, assume that other things are held constant.a. the division's basic earning power ratio is above the average of other firms in its industry.b. the division's total assets turnover ratio is below the average for other firms in its industry.c. the division's debt ratio is above the average for other firms in the industry.d. the division's inventory turnover is 6, whereas the average for its competitors is 8.e. the division's dso (days' sales outstanding) is 40, whereas the average for its competitors is 30.
Answers: 1
question
Business, 22.06.2019 23:30
Each state’s organizational structure is guided by the federal government.true or false?
Answers: 1
You know the right answer?
2) consider supply and demand for maine lobsters indicated in the following tables to answer questio...
Questions
question
Mathematics, 14.01.2021 22:10
question
Mathematics, 14.01.2021 22:10
question
Mathematics, 14.01.2021 22:10