Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Ernie owns a water pump

21/12/2020 Client: saad24vbs Deadline: 10 Days

Answer all of the following questions in Microsoft Word file with complete questions and answers and attach it. Correct answer to each question is worth up to 20 points


1. It is a hot day, and Bert is thirsty. Here is the value he places on each bottle of water:




Value of first bottle $7


Value of second bottle $5


Value of third bottle $3


Value of fourth bottle $1




a. From this information, derive Bert’s demand schedule. Graph his demand curve for bottled water.


b. If the price of a bottle of water is $4, how many bottles does Bert buy? How much consumer surplus does Bert get from his purchases? Show Bert’s consumer surplus in your graph.


c. If the price falls to $2, how does quantity demanded change? How does Bert’s consumer surplus change? Show these changes in your graph.


2. Ernie owns a water pump. Because pumping large amounts o water is harder than pumping small amounts, the cost o producing a bottle o water rises as he pumps more. Here is the cost he incurs to produce each bottle o water:


 Cost of first bottle $1


Cost of second bottle $3


Cost of third bottle $5


Cost of fourth bottle $7




a. From this information, derive Ernie’s supply schedule. Graph his supply curve for bottled water.


b. If the price of a bottle of water is $4, how many bottles does Ernie produce and sell? How much producer surplus does Ernie get from these sales? Show Ernie’s producer surplus in your graph.


c. If the price rises to $6, how does quantity supplied change? How does Ernie’s producer surplus change? Show these changes in your graph.


Applied Sciences

Architecture and Design

Biology

Business & Finance

Chemistry

Computer Science

Geography

Geology

Education

Engineering

English

Environmental science

Spanish

Government

History

Human Resource Management

Information Systems

Law

Literature

Mathematics

Nursing

Physics

Political Science

Psychology

Reading

Science

Social Science

Home

Blog

Archive

Contact

google+twitterfacebook

Copyright © 2019 HomeworkMark

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Essay Tutor
Helping Hand
University Coursework Help
Homework Guru
Writer Writer Name Offer Chat
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$45 Chat With Writer
Helping Hand

ONLINE

Helping Hand

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism as I am a master writer with 5 years experience in similar ps and research writing projects. Kindly send me more information about your project. You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$35 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$42 Chat With Writer
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$42 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

SECURITY ARCHITECTURE AND DESIGN (ISOL-536-M31) PHD IN IT - Kitchen renovation project charter - Need to Processional PowerPoint Presentation -- CRISIS COMMUNICATION - The medical and dental defence union of scotland - Poem essay - Data structure and Algorithm Analysis - Sk ii competitors - Bloomberg businessweek b-school connection - Financial instit acct - Solve 2 y 5 24 - 7152 fair oaks ave apt 1026 dallas tx 75231 - Bachelor in paradise tv muse - 33721 blue lantern dana point - Inch pound to kg cm conversion - Solve the inequality algebraically express the solution in interval notation - Read And Respond-3 - Arthur bremer taxi driver - Constitution word search grand canyon university - Computer security policies and procedures manual - Bizzy bounce party rentals waldorf md - Con este aparato appliance puedes ver películas - Banni jewelry collaboration scam - ฿£⓫Ё99%____¾\**__## DUrbaN 0835179056 Ab0rtiON CLInic//pills stangeR - 7/3 as a proper fraction - Synchronous motor circuit diagram - Technology and Primary Research - Which theory assumes the media spotlight some issues, events, and people while downplaying others? - Ethic - Ldo power loss calculation - Www luton gov uk luton bins - Medisoft report designer - LD_PA1 - Investment decision under certainty - A letter to her husband upon public employment - Business & corporate law AUSTRALIA - 100 words summary - Sanyu sony started a new business - 3 Discussions and on line observations - The four c's of effective writing - Arguing Causes - History study, weekly reading reflection - Paper - Simpson's diversity index formula - Purpose of style guide - Algebraic statement of the utility-maximizing rule - Hacksaw ridge movie facts - Two ways to live - Literature assignments - Berrima district historical societyberrima district historical society - An insurance company offers four different deductible levels - Pre shift checklist mcdonalds - BE ppt - Fixed fairy tales little red riding hood - Pancakes by joan bauer plot - Policy and politics in nursing 7th edition - Hard rock cafe target market - How to write a school captain speech - Tim winton big world analysis - Anwar f accawi the telephone - Vasa vidrieria argentina - Management and organization - Advertising the magic system raymond williams - Robbie macklin driving school - Alfresco admin console community edition - Finance - Esso bhp billiton wellington entertainment centre sale vic - Nab tap and go - Lds org young women - Explain how ethical decisions are made - English 1302 - Facsdiva compensation after acquisition - Karen reivich ted talk - Daichi meaning in japanese - How to report bonferroni post hoc test apa - Switzerland comparative advantage in chocolate - Mcdonald's calliope travel centre - Carl jung shadow side - Ward 1c whiston hospital - Http thomas loc gov home histdox fedpapers html - Spontaneous communitas abolishes status. - BUSM3199 Ethics and Governance RMIT - One night the moon language identity and culture - Circus skills lesson plans - Oceanview marine company preliminary materiality - Blank silk road map - Wedding wbs - Where did the titanic began its journey - Find the measures of pmn and nmr if bisects pmr. the measure of pmr is 136 explain your answer. - Delilah carol ann duffy poem - Setting of bernice bobs her hair - Hunting tree stand canadian tire - Eco 550 assignment 1 - Neurological Disorders - West college scotland register - Problem a perpetual alternative cost flows - BHD404 Discussion Module 4 Response - Hist Blog - Where does simon go at the end of chapter 3 - River trent levels colwick - Research for Essay