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Question about Price of elasticity of demand
Suppose the demand for guitars in state college is given by Qd=8,000-10p where Qd is the quantity dmeanded, and P is the price of quitars. Also, suppose the supply of guitars is given by Qs=30P-2000, where Qs is the quantity supplied of guitars. Calculate the equilibrium price of guitars and the equilibrium quantity of guitars in State College. Also, suppose the actual price of guitars is $500. Determine if there is a shortage, a surplus, or if the market is in equilibrium at a price of $500. Calculate how much the shortage or surplus is if there is any.
Illustrate the stated direction of recent monetary policy. What recent actions have the Federal Reserve taken to confirm that direction
Illustrate in the graph below the deadweight loss (DWL) that would result if this monopolist were allowed to operate as a profit maximizing firm without regulation.
Suppose two nations are considering specializing in either calculators or personal computers. If solely producing calculators, country A can produce 300 and country B can produce 400.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Explain what accounts for the Hong Kong Monetary Authority behaving differently than the other central banks in emerging Asia.
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks
Elucidate how might raise the chance that the employee would retire earlier as compared with the situation where the employee had to pay for his own health insurance.
As the manager of monopoly, you face potential government regulation. Findout the monopoly price and output.
Assume that the payouts of the game were changed (if necessary) such that it results in gamblers having a positive expected value.
The return to a college degree raise a lot while college enrollment remained steady.
How would you characterize the market for crude oil production? Explain your answer. Explain the long run profit behaviour of firms in this kind of industry.
Graph the isoquant that these calculations imply. Explain in very clear and complete terms why the isoquant has the shape that you observe.
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