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Question: A price of $65 per tonne is currently being quoted for a mineral traded in a competitive commodity market where Qd = 243-3.5P and Qs = -7.8+2.2P.
This price adjusts in proportion to excess demand at the rate
dP = 0.16(Qd - Qs)dt
What is your forecast for price when t is 8?
For the demand schedule p = (60 - 0.1q)0.5: derive an expression for the slope of the demand schedule.
U(X,Y) = X2Y. The consumer has $24 to spend and the prices of the goods are PX = $2 and PY = $4. Note that the MUX = 2XY and the MUY = X2.
Suppose you are the Chief Economist of Antitrust Division of the Department of Justice. There is a single manufacturer of streaming video services that has a patent on technology so that no one else can give the service.
Describe the formation of early writing systems. Explain how settled agriculture led to civilization (meaning economic specialization and interdependence).
the utility function isu u x yif the 2nd derivative for both x and y is greater then 0 does that mean the indifference
1. what is the steady state level of capital per effective worker?2. if A grows at rate Ga, and N grows at rate Gn, what is the steady state level of capital per effective worker?3. what are the steady-state growth rates in terms of (Ga + Gn) of: cap..
What does this decision by Wal-mart tell you regarding the price elasticity of the demand curve that it faces?
roberts new way vacuum cleaner company is a newly started small business that produces vacuum cleaners and belongs to a
Analyze and comment on economic analyses of health administrative innovations that are germane to the provision of health services. How have these innovations become more significant in health care delivery within the context of the Affordable Care A..
What price would I want to sell my 12 posters to my 12 friends if my first friend will buy it for $11 dollars, my second at $10 dollars, and so on until that 12th friend would get the poster for $0 dollars?
Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level and calculate these values at the profit-maximizing activity level. Explain your answers briefly
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the effective monthly interest rate.
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