1. Suppose that the demand curve for plums is given by Z = 10-2p, where Z is the number of pounds demanded per year of plums and the price is p. a. Assume the price were $1. Find the total quantity demanded, the total amount spent, and calculate the consumer surplus. b. Now suppose that the government imposes a plum quota program (the PQP) so that plums now cost $2. Find the new quantity demanded, total amount spent, and total consumer surplus. What is the most consumers would be willing to sacrifice to get rid of the program (Hint: Think about the change in the consumer surplus and it means).

The monthly payment m of a loan of amount p for y years with an interest rate r can be calculated by the formula: m = p(r/12) 1 â’ (1 + r/12)â’12y calculate the monthly payment and the cummulative total payment for a $100,000 loan with an interest rate of 4.85% if taken out for 10 years, for 11 years, etc., up to a 30 year term. display the results in a three-column table where the first column is the number of years, the second is the monthly payment, and the third is the cummulative total payment. note: use format bank; for this problem. also, remember to represent the interest rate as a decimal (e. g. 0.0485) 2. a torus-shaped water tube is designed to have a volume of 8, 000in3 . the volume of the tube, v , and its surface area, s, are given by: v = 1 4 ď€ 2 (a + b)(b â’ a) 2 s = ď€ 2 (b 2 â’ a 2 ) if a = kb, determine s, a, and b for k = 0.2, 0.3, 0.7. display the results in a table

Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is