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In 2001, the US market of sunflower oil was described by the following domestic supply and demand equations:
Qdus =5000-2p Qsus = -3000+8p
where Qdus and Qsus represent the quantities demanded and supplied (in billions of metric tons) and P is the price per metric ton of sunflower oil(in$).
What was the market equilibrium rice per metric ton of sunflower oil? How many billions of metric tons were sold at this price (what was the market equilibrium quantity)? At this market price, what were revenues for US sunflower oil producers?
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When participating in and leading meetings, why should you Use an agenda and efficient,inclusive meeting procedures to maximise participation and maintain order
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Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. In the first year, the firm sold 11,000 units of software at $75 for each unit. Of t..
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You have decided to purchase a new automobile with a hyprid- fueled engine and a six - speed transmission. After the trade - in of your present car, the purchase price of the new automobile is $30,000. Should you accept the 3 % finance plan or accept..
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