Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A free market can be described by the following equations:
Qd = 180 - 3P (equation for the market demand curve)
and
Qs = -50 + 2P (equation for the market supply curve)
What is the equilibrium price (P) in this market? (whole number only; no decimal)
What is the equilibrium quantity (Q) in this market? (whole number only; no decimal)
What are the total gains from trade in this market? (whole number only; no dollar sign, comma, or decimal)
How much is consumer surplus (CS)? (whole number only; no dollar sign, comma, or decimal)
How much is producer surplus (PS)? (whole number only; no dollar sign, comma, or decimal)
Hints:
Then suppose Income increases to 1261 and Pinputs increases to 144. Elucidate how large is the change in the equilibrium price.
The demand for good X in a town is Q = 10 − P , where P is the price of good X per pound and Q is the quantity demanded in pounds. The marginal cost of producing the good is $2 per pound. What are the monopoly price and quantity? What is the price el..
The supply and demand for foreign -exchange is considered to be derived schedules. Explain and give examples.
Consider a situation where a monopolist faces the following inverse demand curve p = 240 - 2q and constant marginal costs of MC = 40. Suppose that a regulator imposed a price ceiling on te monopolist of p = MC = 40. What are the equilibrium price, qu..
Given the following Utility function: U=(2X1X2+3X1^2)^3 x2 1. Find the marginal utility for x1 and x2. Do not simplify the function. work it in form given 2. Show mathematically whether the marginal utility for x1 and x2 is increasing or decreasing 3..
Determinant of bordered Hessian matrix is 57,600. F. If income went up by $1.00, by how much would utility rise.
Over the past 30 years there has been a marked increase in foreign direct investment (FDI) in the world economy. Please read the following Forbes article and discuss why foreing direct investments are a better solution for many multicultural firms..
The university bookstores received 4 million euros from students in exchange for the books. Illustrate what is the total contribution to GDP from the above events.
Contrast the labor supply incentives/disincentives between the earned income tax credit and traditional welfare programs.
They are all highly populated areas with target markets suitable for your products. One factor is which there several formidable competitors in all of the areas
Suppose the government implements a policy that subsidizes business investment. Explain how will this affect the relationship between investment and the interest rate.
When the price of zinc dropped below? $1,900, the price dropped below? Alcoa's (marginal, shutdown, competitive) price, so the company
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd