Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Find quantity supplied and quantity demanded:
Suppose there are 300 used cars, with 3 quality levels: bad, medium, and good. A seller knows the quality of his car but a buyer does not. The only thing buyers know is that 100 of all used cars are bad, 100 medium, and 100 good. The values of each type of car to a seller and a buyer are:
a) Let P denote the price of a used car. Find quantity supplied (Q ) and quantity demanded (Qd) of cars if P ≥ 3000. b) Find Qs and Qd if 2000 ≤ P < 3000. c) With quantity (Q) on the horizontal axis and price (P) on the vertical, draw the supply curve for cars. Then draw the demand curve assuming that there is an infinite number of buyers. Label the curves and key points in your graph clearly. d) In equilibrium, what is the price and quantity of cars? What kind(s) of cars are traded?
Assume that the per capita income in Alfaland (with initial high per capita income) is growing quicker than it is in Betaland (with initial low per capita income). Then: the gap in
There are some examples to government act upon of dip recession. Number of unemployment last long years in companies and take away labour in order to decreased pressure on expen
1. Consider the market where there is product differentiation with two firms. The firms are choosing prices p1 and p2 and have demands given by q1 = 40 - 0.5 p1 + p2 q2 = 60
Suppose you have ten individuals with values ( $1, $2, $3, $4, $5, $6, $7, $8, $9, $10) . Your marginal cost of production is $2.50. What is the profit maximizing price?
How does macro-economic stabilisation assist growth? Economic agents as the consumers, private zone and overseas investors as like multi nationals make decisions based onto co
what is the short run and long run effects of a new idea creating by a restaurateur i.e home cooking services in the perfect competitive market?
uses of discounting principals
how does occupation affect the size of labour force
Assume that national income is initially at its equilibrium level when desired investment falls. We would expect an enhance in national income by an amount equal to the decreasing
Advanced Package Service (APS) offers overnight package delivery to business customers. APS has recently decided to expand its facilities to better satisfy current and projected d
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd