Describe the equilibrium price and quantity

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Reference no: EM1353183

Q. Inverse demand is p(q) =100-2q and the cost function of the single supplier is c(q)=20q

A. Determine the equilibrium price and quantity

B. What is the surplus of consumers and the welfare

Q. Given the following data, answer question a-c.

a. What is the value of gross private domestic investment?

b. What is the value of net investment?

c. Are any intermediate goods counted in gross investment?

Reference no: EM1353183

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