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The demand curve for product X is given by Qdx = 460 - 4Px
a) How much consumer surplus do consumers receive when Px = $35?
b) How much consumer surplus do consumers receive when Px = $25?
Describe why the results of computing cross-price elasticity can be useful in determining product relationships. In your explanation, contrast the different numerical values of cross-price elasticity and what each value indicates.
Choose any one topic out of the following , • Water , • Energy , • Agriculture , • Forest
Suppose an economy of two firms and two consumers. The two firms pollute. Firm 1 has a marginal savings function of MS1(e) = 5-e where e is the quantity of emissions from the firm.
The demand for new homes in the United States is often described as highly cyclical and very sensitive to housing prices and interest rates.
What is significant about the connection between the demand for goods and market failures? What happens to the demand for goods when a market fails
Output maximisation and cost minimisation
Discuss the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.
Office building maintenance plans call for stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology and labor requirements are very basic.
Evaluate arc price elasticity of demand between prices of $4 and $6 and compute the point price elasticity at the price of $6 state the significance of the coefficients.
The equilibrium price for physiotherapy visits is $30 and the quantity utilized is 150 visits as a result of the demand and supply conditions in this diagram.
The demand for energy in the United States is often stated as persistently non-cyclical and not sensitive to both prices effects. Given such characteristics, explain the effect of each of the following on the demand or supply for gasoline.
Describe an example of risk calculation found on the web and what risk calculation technique is illustrated by your example? Would you have employed a different risk assessment technique than used in your example, and why?
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