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The demand curve for a product is given by P=60-3Qd, where P is the price of the product and Qd is the quantity demanded for the product. The supply curve for the product is given by P=30+2Qs, where Qs is the quantity supplied for the product.
a) Find the equilibrium price and quantity for the product.
france can gain specialization and trade as it recieves more than __________( 7lbs,1lb,4lbs,1/4lb,1/7lb)of fish per each bottle of wine it exports to austrailia.similarly australia can gain from trade as long as it recieves more then _______(4 blo..
1- solve the partial derivative of the following functions with respect to each independent variable2- does any of
For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC).
What is the cost to government for imposing the estate tax and what is the cost to the taxpayer for imposing the estate tax on him?
Suppose that P = 400 - 20Q and that there are 3 firms, each with a marginal cost of 30. Suppose that firms 2 and 3 merge. The merger allows the combined firm to lower its marginal cost to 20. Does the merger lead to a higher or a lower cournot equili..
Reference Paul Bohannan's work among the Tiv, and explain the consequences of the appearance of money on Tiv modes and spheres of exchange. Secondly, what critiques have been brought to bear on Bohannan's explanation
The Labor Market and Minimum Wage
It is common knowledge that governments all over the world are involved in providing education for their citizens. To gauge the effectiveness of public education,
An asset is to be used in a project that will last 5 years. The MACRS property class for this asset is 3 years. If B = l0, 000 and S=3,000 at the end of year 5, determine the depreciation schedule.
Collect information regarding the minimum wage. State the purpose of this legal price, assess its impact on the market for labor, and evaluate the extent to which it achieves its purpose.
Explain why the relationship between the prices charged to locals versus the prices charged to out of town visitors? Why does this happen?
what are the cost and consequences of providing the subidies?
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