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The following equations describe the supply and demand for posters. QD = 65,000 - 10,000P QS = -35,000 + 15,000P (a.) Draw graphs of supply and demand on one set of axes where P is on the vertical axis and Q is on the horizontal axis? (b.) What is the equilibrium price? (c.) What is the equilibrium quantity? (d.) If the market price is $5 will there be a surplus or a shortage? Of how much?
In long run, what would you expect to happen to the price of steelin U.S. and Germany. What would be the price differential.
Illustrate what is an opportunity cost. Elucidate how does the idea relate to the definition of economics.
illustrate what is the income-expenditure multiplier in this economy. Using at least two different quality tools, analyze the data and present your conclusions.
which of following is a characteristic of a binomial experiment. A. at least 2 outcomes are possible b. probability changes from trial to trial c. trials are independent d. None of these alternatives is correct.
Use at least one of the four Marshall-Hicks laws of derived demand to explain this difference in effectiveness between the unions.
Illustrate what are the levels of income every worker also consumption every worker at the initial period. Remembering that the change in the capital stock is investment less depreciation.
Is the market for coffee perfectly competitive. Elucidate does the coffee market meet all six conditions of a perfectly competitive market.
Explain how would a citizen whose income is in the bottom one percent talk about scarcity and trade-offs.
Express the retailer's monthly profit from the sale of the cameras as a function of the selling cost. Estimate the optimal selling cost.
Consider the subsequent cost relationships for a single-product Is there a minimum efficient scale of plant implied by these cost relationships
His parents claimed that hospital doctors administered excessive oxygen to the baby and that this caused the blindness.
The risk-free rate of return is 3.5 percent. Illustrate what is the current value of one call option on this stock if the exercise price is $40.
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