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The demand curve for oranges is given by the equation P = 5 - Q/200. The supply curve is given by P = Q/800. Q is measured in oranges per day and price is measured in dollars per o
Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy
(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3. (ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of
explain why policies for promoting market competition are desireable
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
what does production possibilty curve means?
what is production possibility curve?
1) Investments 1A) What are the two components to total return ? What does expected value measure? What does standard deviation measure? How can each result be
MUa/MUb how it happens? and why this occur?
example of cournot model
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