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The demand and supply function of two related goods are given by Qd1 = 30 - 5P1 + 2 P2Qs1 = -20 + 4 P1Qd2 = 70 + 4 P1 - 4 P2Qs2 = -10 + 2 P2
Find the equilibrium prices and quantities.
Calculate the present discounted value of each career path at a discount rate of 5% and at a discount rate of 15%.
Now suppose that the rest of the world has the same technology and pref- erences. In particular assume that the following Öxed coe¢ cient technology applies.
johns lawn mowing service is a small business that acts as a price taker. suppose the market demand curve for mowing
explain why zoning laws which allow certain land uses only in specific locations might be justified in dealing with a
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The government must raise tax revenue to pay for schools, police, etc. To do this, it can either tax groceries or meals at fancy restaurants. Which should it tax? Explain your reason.
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Assume that a grower of flower bulbs sells its annual output of bulbs to an Internet retailer for $80,000. The retailer, in turn, brings in $125,000 from selling the bulbs directly to final customers.
Presume you buy a share of stock for $20 and sell it for 40. Then your profit is $20. If that happens within a year, your rate of return is an impressive 100%. If it takes 6 years, what would be the average annual rate of return on your investment?
demand for a good can be characterized by p 100 - q. there are two firms firm 1 and firm 2. they have identical cost
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