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The supply curve for product X is given by QXS = -340 + 10PX .
a. Find the inverse supply curve.
P = + Q
b. How much surplus do producers receive when Qx = 350? When Qx = 1,000?
When QX = 350: $
When QX = 1,000: $
Given the following MV information, what is the optimal allocation of care according to the Paretean criteria, when the marginal cost of care is constant at $1000 Person A Person B Quantity of care consumed MV Quantity of care consumed MV
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suppose that the cost of raw material used in the production of this good increases (assume nothing else has changed). Draw a diagram comparing the effect of the increase in the cost of materials in this market with the equilibrium
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