Numerical question regarding demand

At $1.50 per gallon, Alana purchases 50 gallons of gasoline weekly, Bart purchases 20 gallons weekly, and Caitlin purchases 20 gallons weekly. One point on their joint demand curve for gasoline would be Q =: (1) 90 gallons per week, P = $1.50. (2) 90 gallons per week, P = $4.50. (3) 30 gallons per week, P = $4.50. (4) 30 gallons per week, P = $1.50.

Can someone please help me in finding out the precise answer from the above options.

View Complete Question

Related Questions in Microeconomics

Q : Quintile distribution of income Give

Give the answer of following question. In the quintile distribution of income, the term "quintile" represents: A) 5 percent of the income receivers. B) 10 percent of the income receivers. C) 20 percent of the income receivers. D) 25 percent of the income receivers.

Q : Highest income in supply Glynn s weekly

Glynn s weekly income would be the highest at: (1) point a. (2) point b. (3) point c. (3) point d. (4) point e. 1621_Labor-Leisure Trade-off</span></p>
</div>

</li>

</td>
</tr><tr>
<td>

<li>
<div class=

Q : Market power and inefficiency The

The widespread and unregulated exercise of monopoly power is probable to result within: (1) economic inefficiency because price exceeds marginal cost. (2) the value of national income being higher than under competition. (3) a politically more accepta

Q : Competition and Labor Markets Can

Can someone please help me in finding out the accurate answer from the following question. With similar market demand for its product and similar market labor supply curve, employment will be maximum when the firm is: (1) Pure comp

Q : Adverse Selection example Can someone

Can someone please help me in finding out the accurate answer from the following question. The car dealer never proposed to honor a guarantee on a utilized car, providing an illustration of: (1) Moral hazard. (2) Economic dishonesty. (3) Price discrimination. (4) Mark

Q : Experience of mill for constant cost

When generic lumber processing is a constant cost industry, within the long run this lumber mill is probable to experience a: (i) a severe shrinking of economic profit to zero. (ii) a decline within the price of 2×4s to about $2.40 apiece. (iii)

Q : Problem on Monopsonistic exploitation I

I have a problem in economics on Monopsonistic exploitation. Please help me in the following question. The Monopsonistic exploitation of labor signifies that the: (i) Influenced workers receive much low wages. (ii) Firm reaps big economic gains by exploiting the worke

Q : Influence of war in prices Assume that

Assume that the War in Iraq start to engulf other Middle-Eastern countries in hostilities. The least probable outcome of gasoline prices therefore increasing to, state, $10 per gallon in the United States, would be that: (i) Hummer sales would fall as a percentage of

Q : Positive economic analysis and normative

Which of the given two statements involves positive economic analysis and which normative? How do the two type of analysis differ?a. Gasoline rationing (allocating to each year to each individual an annual maximum amount of gasoline whi

Q : Trends in Income Distribution The year

The year in that a long-run trend towards greater equality within the U.S. income distribution was reversed, therefore income since then has become less equally distributed, it was roughly: (w) 1945. (x) 1960. (y) 1975. (z) 1990.

Discover Q & A

Leading Solution Library

Avail More Than 1460677 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1932327
Asked

3,689

Active Tutors

1460677

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment