Consider the market for housing in Mainville. Yearly housing

Consider the market for housing in Mainville. Yearly housing demand in Mainville obeys the equatiâ€¦ Show more Consider the market for housing in Mainville. Yearly housing demand in Mainville obeys the equation Hd = 400 â€“ 2H, where â€œHâ€ is the number of houses built per year, and all numbers are in 1000s. Yearly housing supply obeys the equation Hs = 150 + 3H (also in 1000s). Answer the following questions and show your work. a. The equilibrium price of a new house is Mainville is _______, and the equilibrium number of new houses sold per year is _______ . b. Draw a graph of the housing market in Mainville. Label the axes, the intercepts and the equilibrium price and quantity of housing: c. The total value of the consumer surplus in this market is ________, and the total produces surplus (or profit) is _________. [Note: be sure to convert numbers to 1000s]. 3 d. Suppose that the city of Mainville decides to limit the number of housing permits to 40 per year, which are given to developers on a â€˜first come, first servedâ€™ basis. Draw a graph of the housing market in Mainville after this change. Use a bold double line to indicate the new supply curve for housing. e. After the new limit on housing permits, the number of houses sold in Mainville is ________ per year, and the price of a house is ________. The producer who builds the last house sold each year spends _________ to produce that house. f. After several years, Mainville decides to sell housing permits at a fixed price to developers. In order to keep the number of new houses at 40, the city should set the price of permits at _________. Below, draw a graph of the housing market in Mainville before and after the sale of housing permits at the price you have suggested. Be sure to make clear which curves have shifted, and by how much. 4 g. After the imposition of the plan described in (f), the new consumer surplus is ________, the new producer surplus is __________, the city generates _________ in permit fees, and the deadweight loss is __________. Be sure to show your work below. It might help you to draw a graph and label the areas represented by the surpluses, etc. â€¢ Show less

Our Service Charter

1. Excellent Quality / 100% Plagiarism-Free

We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
2. Free Revisions

We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
3. Confidentiality / 100% No Disclosure

We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
4. Money Back Guarantee

If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.

We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

or