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Greg's Hardware has determined the following demand and supply equations for nails
QD = 10,000-25P
QS = -5,000 + 50P
a. How many nails would be sold for $100?
b. At what price would nail sales be zero?
c. When P = $200, what is total revenue? What is marginal revenue?
d. What is the relationship between quantity supplied and quantity demanded at a price of $300?
Suppose that corn currently costs $8.00 per bushel and that wheat currently costs $6.00 per bushel. Also assume that the price elasticity of corn is 0.25, while the price elasticity of wheat is 0.30. If the price of corn fell by 25 percent to $6.00 p..
What is the profit maximizing level of production/sales for this company? What is the price? What are its profits?
You recently secured an employment with medical benefits. Is there a difference in your demand for medical care services before and after employment? Use two demand curves to show your consumption of medical care before and after this employment.
A successful and stable cartel can be established if there are
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Calculate the Y values corresponding to the X values given below. Find the critical values for X for the given polynomial by finding the X values.
question 1nbspa firm that emerges as the only seller in an industry with economies of scale is
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Black Friday is a sale whereby, the day after Thanks giving stores frequently reduce their prices dramatically, sometimes below cost. This often causes large lineups to form, as people can wait for hours in line before the store opens.
Be sure to label all axis and curves on your graphs. Elucidate in writing to what market your derivation brings equilibrium and how it accomplishes this.
q. the federal reserve expands the money supply by 5a. use the theory of liquidity preference to illustrate the impact
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