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Question: Suppose that the demand function for carrots is Q D = 200 - 2 p, and the supply function is Q S = 16 p. find the: equilibrium price, equilibrium quantity, consumer surplus, producer surplus, and govt revenue for the following three scenarios: a) no tax or subsidy, b) a tax on suppliers of $ 5 per unit, and c) a subsidy of $ 5 per unit.
what conditions would justify the assumption of a constant contribution margin per customer? do you think those
farida has us 55 to spend on apples and oranges. given the information in the following table is farida maximizing
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year.
Employ an isoquant and isocost diagram and words to show how firms will respond to the decrease in the wage rate. Be sure to identify the short run scale effect and the long run substitution effect.
Calculate the monopolist's profit.
Presume the demand and supply curves for one-year discount bonds with the face value of $1,000 are given by: What is the equilibrium price and quantity of bonds in this market? What is the interest rate in this market, given your answers above?
In the competitive industry, reduction in property tax rate on fixed capital (plant) would reduce the fixed cost of all firms. This would have the following short-run effects on P, Q, and q respectively.
What techniques are effective when working with internal customers? Give some advice to your classmates on how to do that successfully. use what you have learned this week Read the discussion question.
The relationship between the number of people
Write a three- page research to explain how you would use the monetary and fiscal policy tools to jump start the economy.
Calculate the cross-price elasticity of demand and what is Michelle's price elasticity of demand for caviar?
What is economics? What role does economics play in your personal and organizational decisions? Provide an example of the role of economics in decision making.
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