Merlin Inc. is a producer of smart LED light bulbs that use significantly less energy than traditional light bulbs. Merlin’s market research team has estimated that the demand curve for its light bulbs in Australia is given byP = 192 – 2Q,where P is the price and Q is the quantity demanded.For simplicity, suppose that Merlin has no fixed costs and a constant marginal cost of producing light bulbs of $64.Note: Do not include a "$" in your answers.If Merlin charges its profit maximising price of $128, it will generate consumer surplus equal to $Answer for part 1.And it will earn a profit of $Answer for part 2.Merlin is considering reducing its price to $68 to make its product more affordable to its customers and to encourage Australians to make their households more energy efficient.Doing this will cause consumer surplus to increase by $Answer for part 3.However, this will cause Merlin's profit to decrease by $Answer for part 4.

. Use the table to answer questions about the demand for and supply of LED lightbulbs in Canada. Quantity of LED lightbulb lightbulbs Demanded Supplied $15 40,000,000 80,000,000 $12 50,000,000 70,000,000 $10 60,000,000 60,000,000 $7 70,000,000 50,000,000 $5 80,000,000 40,000,000 V. Price per LED lightbulb Quantity of LED a. What is the equilibrium price per LED lightbulb? a-2 $5 b. At a price of $12 per LED lightbulb (circle one answer only) (2 marks): i. a shortage of 20,000,000 LED lightbulbs occurs. ii. equilibrium in the market for LED lightbulbs is reached. shortage of 50,000,000 LED lightbulbs occurs. iii. iv. a surplus of 20,000,000 LED lightbulbs occurs. a surplus of 70,000,000 LED lightbulbs occurs. 2-2 (2 marks) ico at the University of Regina. They are

Lux Company started the month with 20 lamps in its beginning inventory that cost $30 each. During the month, Lux purchased 80 additional lamps for $31 each. At the end of the month, Lux counted its inventory and found that 25 lamps remained unsold. If Lux uses periodic weighted average cost, its Cost of Goods Sold for the month is ______.Multiple choice question.$2,287.50$2,305$2,310$770$2,325

A young Thomas Edison produces and sells 20 light bulbs a week in his dorm room. The parts for each light bulb cost $2.00. He sells each light bulb for $5.00. General Electric offers Thomas an executive job that pays $50.00 a week. Thomas’s weekly economic profit from making light bulbs is equal to:

A bulb is rated at 330V- 110W. What do you think is its resistance? Three such bulbs burn for 5hrs at a stretch. What is the energy consumed? Calculate the cost in rupees if the rate is 70 paise per unit?

Ms ENG1014 is working as a consultant for a company that installs street lamps. She is asked to install lamps along a street that is 500 metres long, with the lamps spread out lamps in 15 metre intervals along the street.Three companies have different deals:Company A: first lamp costs $100 to install, and each successive lamp costs $4 lessCompany B: first lamp costs $120 to install, and each successive lamp costs $5 lessCompany C: first 5 lamps cost $150 each, but every lamp after that only costs $13What is the total cost from each company? You should assume that the lamps can have negative costs