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Suppose the demand for a product is given by P = 100 - 2Q. Also, the supply is given by P = 20 + 6Q.
A) What is the equilibrium price and quantity of the product?B) What is the price elasticity of demand at the equilibrium price?
For the next 3 questions, assume that there is a $8 per unit excise tax levied on the consumers of the product.
C) What price will buyers pay after the tax is imposed?D) What is the deadweight loss created by the tax?E) What is the quantity of the good that will be sold after the tax is imposed?
What are the consequences for violating it? Why are laws like this good for protection? How do you propose to enact these standards when you are an administrator?
What are the efficient quantities for each of the two periods? What are the correspondingprices and MUCs?
Compute the value of the marginal propensity to save. Compute the amount of autonomous planned spending, Ap, given that the interest rate equals 5. Compute the equilibrium level of income, given that the interest rate equals 5.
The employees of Abs "R" Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company.
Given the increase in government expenditures and the marginal propensity to consume, how would yoou find the change in equilibrium GDP.
Determine which country has absolute advantage in production of tanks and explain why is it this country?
Discuss how organizational architecture and corporate culture are related. Use an example of a real-life firm and discuss how its corporate culture blends with its organizational architecture.
State the multiple regression equation. Interpret the meaning of the slopes, b1 and b2,in this problem.3) Predict the weekly fuel consumptions for the average hourly temperature is 53.10 and the chill index is 15.
If a taxi company adds a tenth cab, the company's total daily cost will increase to $4,800 and its total revenue will increase by $100 per day. Should the company add the tenth cab?
What is the cost of using this machinery for one year? How would your answer be different if the machinery had not yet been purchased?
Discuss the difference between monopolistic competition, and perfect competition market models and also provide examples from the real life.
What are some of the reasons for the largest immigrant trend in the US since the 1970s and although the public has always been divided over bilingual education, why is this truer today than ever before?
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