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Suppose the market for potatoes can be expressed as follows:
Supply: Q to power of QS= -20 + 10p
Demand: Q to power of QD= 400 - 20p
a) If the government sets a price ceiling of $10 per unit,
i) What will be the quantity demanded and quantity supplied?
ii) What will be the producer surplus?
iii) What will be the consumer surplus?
iv) What will be the dead-weight loss, if any?
Discuss the meaning of the regression coefficient of the independent variable(s) and how it could be used to estimate the elasticities of each of these variables. Discuss how managers use the elasticities measurement to make managerial decisions.
Find the cost of Debt for the following information
Watch the movie "A Beautiful Mind". Pay attention to the scene where Nash argues for an optimal equilibrium (the bar scene). Would you say that his "equilibrium" constitutes Nash equilibrium Explain.
Suppose an excise tax of $2.00 per unit is placed on the sale of this good. What will the post-tax equilibrium buyers' price, sellers' price, and quantity be?
question 1. examine whether the following statement is true or false. explain.the own price elasticity of demand is
Draw the daily budget constraint without any program participation for the single parent described above. On the same graph, draw the daily budget constraint under The Texas Family Assistance Program for the single parent described above.
A single price monopolist faces a demand curve given by Q=200-2pand has constant marginal (and average total cost) of 20. What isthe economic profit made by this profit-maximising monopolist?
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
a father wants to save for his eight?year?old sons college expenses. the son will enter college 10 years from now. an
suppose we have a data set with only two observations y1 and y2. the general formula for the sample average is sample
Find the Cantina's marginal revenue function and in the same diagram, illustrate the Cantina's demand curve and marginal revenue curve.
A general slowdown in economic activity is termed an economic recession. This is caused by fall in aggregate monetary demand What are the indicators of an economic recession?
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