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The demand for a good is P=200-5Q. The supply is P=50+10Q. What is the equilibrium price and quantity? (Make sure you show all your work)
At what quantity of output does marginal cost attain its minimum value? At what quantity does average variable cost equal marginal cost?
Discuss five non-bank financial intermediaries in the American economy,relate what each one does and how it gets money.
q.suppose a firm has the total cost functioncq1002q12q2afind the firms marginal cost functionb find the firms average
Explain why it is not possible for one agent to have a comparative advantage in all goods, a worked example with calculated values would be useful.
question 1explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
Using the information on exhibit 2 calculate the consumer price index in the current year.
Suppose the owner bears a monitoring cost of m, which is subtracted from income, so that the owners utility is U (x^beta, y^beta-m). mLet the monitoring cost person be a function m(n) of the number n of team members, with m increasing as n increase. ..
Elucidate Illustrate what President Roosevelt might have been trying to achieve, using the model of aggregate demand also aggregate supply
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
Suppose an economy produces three goods - Economy with three goods (rice, bananas, and strawberries), Draw its PPF assuming constant opportunity costs. Then draw it with increasing opportunity costs
Suppose that the market price for a bottle of vitamins is $2.50 and that at that price the total market quantity demanded is 75,000,000 bottles.
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