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Assume the following information for the demand and supply schedules for Good Z.
a. Draw the corresponding supply and demand curves.
b. What is the equilibrium price per unit and quantity traded?
c. If the price was $9, would there be a shortage or a surplus? How large?
d. If the price was $3, would there be a shortage or a surplus? How large?
e. If the demand for Z increased by 15 units at every price, what would be the new equilibrium price and quantity traded?
f. Given the original demand for Z, if the supply of Z was increased by 15 units at every price, what would be the new equilibrium price and quantity traded?
Assume that these estimates are expected to remain stable during 2008. Forecast 2008 sales for Reliable assuming that its aircraft prices remain constant at 2007 levels and that disposable personal income will increase by $40 billion. Also assume ..
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Is the superior performance of China explicable on other competitive principles like the "catch-up" effect?
suppose xt 105t and yt 102t. calculate the growth rate of zt in each of the following casesa z xyb z xyc z yxd z
How many CDs and how many DVDs should Sarah purchase if she has a fixed budget of $150 to spend on these two items? Suppose her budget for these two goods is only $80. How many CDs and how many DVDs should she purchase?
The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs $150,000 to develop and only $0.5 per unit to deliver to each cell phone customer. What will be the per-unit cost of th..
in what ways have these firms been affected?
what you think were the factors behind such fluctuations
The diesel powered van costs $39,000 and the gasoline powered one $34,000. They have fuel economies of 11mpg and 7mpg respectively. Gasoline is expected to have an average price of $2.25 per gallon, diesel $2.35 per gallon. The company uses 17.5% ..
Calculate the percentage return on the security if the payoff to the security in one year is $1,000, $1,500, $2,000, or $2,500. (Note: This is the total amount returned to the investor, so you may just calculate the total return and not worry abou..
For example, you might write a rule where occasionally a thirsty toad hops in a random direction or in the direction of minimum moisture. Compare your results to the existing model.
The U.S. Environmental Protection Agency (EPA) issues regulations covering the design and construction of landfills for municipal solid waste.
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