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Assume that the supply of bauxite (the ore from which most aluminum is produced) is Qs = 5P - 15 + sigma. where variable a represents an exogenous supply shifter. The demand for bauxite is Qd = 39 - P. For parts (a)-(d). Assume that sigma=0. Calculate the inverse supply curve and inverse demand curve. At market equilibrium, how much bauxite is produced and sold in this market? What is the total revenue earned by selling bauxite? What is the elasticity of supply, at the equilibrium point? What is the elasticity of demand, at the equilibrium point?
want someone to help me write abour the essay which topic is profile two completely different people but see how their
Why have the prices of pocket calculators of DVD players fallen? What do you think has happened to the costs and economic profits of the firms that make these products?
an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the on..
the daily demand for hotel rooms on manhattan island in new york is given by the equationqd 250000 - 375p. the daily
a monopolists demand function is given byp 80 - 3qwith mr 80 - 6q.its total cost function isnbsptc 20q 200with mc
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a variety of tasks. Does it then make sense for people with high abilities to go to small firms
1 which of the following statements is true about scarcity?a scarcity refers to the situation in which unlimited wants
Although GDP per capita is the most commonly used measure of a country's success, many economists believe it does not give an accurate measure of a nation's economic well-being. Some studies have concluded that GDP is not the best measure
What is the effective rate of tariff protection (ERTP) for the U.S. shoe industry now and what is the U.S. shoe industry's value added for each pair of shoes?
Suppose the demand for a product is given by P = 40 4Q. Also, the supply is given by P = 10 + Q.? assume that there is a $10 per unit excise tax levied on the consumers of the product?
Identify any tasks that should be implemented for the program and explain how they would help with the planning of the substance abuse program. While the program is still in the planning stages.
what is the levelized cost of electricity per kW-hr and Which press should you purchase if 120,000 nondefective units per year are produced by each press and all units can be sold?
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