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Q1. The demand for commodity X is represented by the equation P = 10 - 0.2Q also supply by the equation P = 2 + 0.2Q. (1) Refer to the above information. If demand changed from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium quantity is:
Q2. On March 1st you purchase a flat screen digital television with amazing surround sound on credit from TV Land. You sign a credit agreement, giving TV Land a security interest in all consumer goods currently owned or subsequently acquired. On April 1st you purchase a new home Calculate on credit from Calculate Land, signing a similar agreement.
If you fail to make your payments to TV Land, do they have a claim to your Calculate? Does TV Land or Calculate Land have to file a financing statement?
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
If Jason produces 250 kilograms of food per month, Explain how more liquor must he produce to achieve production efficiency.
The government plans to rise state spending by $2bn in the next fiscal year.
In what sense can this be said to be unfavorable to the trade partner. Does this mean that the welfare of the trade partner has definitely declined.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
What happens to each of these values if the central bank changes the reserve requirement ratio to 3%.
Assume a household receives a grant of $500 of food stamps every month. How will this household's budget line be affected.
If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
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