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Suppose that the demand curve for a businesses is given by P= 10000-4Q^3 and supply is P= 2000 + 4Q^3
a. Find the equilibrium price and quantity
b. Calculate consumer surplus at the equilibrium price
c. Calculate producer surplus at the equilibrium price
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An increase in the reserve requirement would:
Show that for measurable f, ess sup f = sup f. Show that these quantities coincide when f is continuous.
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Analysis of Pricing: You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. The MBAs running the Deli, know that if price is lowered, th..
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