26 Jul WHAT IS THE CONTRIBUTION OF THE LATTE BUSINESS IN BERKELEY TO GDP?
and the average Berkeley resident buys on Show more Basic Micro: The population of Berkeley is roughly 100000and the average Berkeley resident buys one latte a day at an average price per latte of $4. 1. Suppose that the maximum willingness-to-pay for a latte in Berkeley is $14 and that the daily demand for lattes is lineara straight line. What is the equation for the demand curve? 2. Suppose that it is easy and cheap to open a cafe to make lattes so that there are no fixed costs and there are neither increasing nor decreasing returns to scale. What do you think the supply curve for lattes would be? 3. What is the equilibrium price? What is the equilibrium quantity? 4. What is the consumer producer and total surplus? 5. What is the contribution of the latte business in Berkeley to GDP? 6. Suppose the city of Berkeley grants a monopoly right to sell lattes and all drinks that are close substitutes for lattes to a single monopolythe Berkeley Monopoly Cooperative. What price would it set for lattes? How many would it sell? How much consumer and producer surplus would be generated? Show less
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.