58 633
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Microeconomics Question for JoJo

Question #42703
Suppose the market for school education can be described by the following equations.

P =1 00 000 - 2Q and P = -20 000 + Q

Where P is price in dollars and Q is number of students in thousands. Now suppose the government pays a subsidy o $10 000 per student.

(a) Calculate the equilibrium price and the number of students in a free market.
(b) With the subsidy what price the student will pay? What price the schools will receive per student? What will be the number of students in schools?
(c) What will be the total cost to the government?
(d) Show your results in a diagram.
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question