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In a competitive market, the demand and supply curves are Q(p) = 12 - p and S(p) = 5p respectively.
1) Consumer surplus in this market equals?
2) Producer Surplus?
3) What percentage of the total surplus is lost if the government imposes a sales tax (ad valorem) of 20% collected from the producer?
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The Federal Open Market Committee directive is a
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The three problems of resource allocation are faced by
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Business Depot, of office supply store is opening in Europe and McDonalds is expanding in India. Cigarette packs must carry a health warning. Which are social and self interests?
annual cost of $10,000, and a salvage value of $5,000 after its 10 year life. At an interest rate of 10% per year, what is the capitalized cost of the alternative?
I understand that inflation has an impact on the foreign direct investment. But can the opposite be true? The amount of foreign direct investment has an impact on the inflation of the country that receives the investment?
How could they continue to operate at a loss? 3. You want to determine the profit-maximizing production quantity for a monopolist.
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