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For some product products n a developing country ,the estimated demand was x = 224.125 - 0.097 p and the supply was x =-49.375 + 1.721 p
a. Find the equilibrium price and quantity.
b. Make a graph of the demand and supply functions on the same axes and mark the equilibrium point.
A producer sells items at P1.20 each if his cost of production is given by C(x) =0.60x +420 where x is the number of items sold ,find the breakeven point .If he can change his cost function to C(x) = 0.48x + 432, would it be to his advantage to do so? Why?
Hospitals and physicians try to compensate for providing care below costs to some patients by raising their charges to others.
The true cost of monopoly power to society is attributable to: Natural monopolies are distinguished by. Price discrimination:
The lower the interest rate:
You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semi-annual interest payment. The bond rate is 6.6% per year payable semi-annually. You plan to hold the bo..
Milo and George are barbers. In one day, Milo can give 6 haircuts or give 8 shaves. In one day, George can give 5 haircuts or give 10 shaves. What is Milo’s opportunity cost of one haircut? What is George’s opp. cost of one haircut? Who has absolute ..
What are the various reason for economic stagnation in most of the world's poorest countries?
Suppose the income elasticity of demand for good X is 2, its own price elasticity of demand is -4, its advertising elasticity is 3, and the cross-price
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this i..
Suppose the market price is $29. What is the total consumer surplus?
Discuss the most common decision criteria that are highly emphasized in financial management?
If the demand for a crop is inelastic then farmers could increase revenue by reducing the supply of the crop ...is that correct thinking, but regarding income
Propose two methods in which an organization that provides the good may utilize this information.
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