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Assume the market demand and supply functions are QD = 430 - 5P and QS = 2P + 318. You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are considering entering the market for this product.
a. Determine the equilibrium price and quantity in this market.b. You've researched and found that most firms in the market currently experience costs such that TC = 50 + 16Q - 2Q2 + 0.2Q3. Determine whether or not you should enter this market. Use graphs to support your answer.c. Due to unforeseen delays, you don't enter the market. However, a year later the market supply has changed to QS = 2P + 290. Are you surprised at this shift in supply?d. Given the new supply conditions, determine whether or not you should enter the market.
Illustrate what is the price elasticity of demand of a representative gasoline retailer's product.
Elucidate implications would these policies have on the economy and specifically your personal and professional life.
Brokers incurred $450,000 out of expenses as well as will give 21,000,000 of the persue to the small firm they are underwriting
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Mark Martinko has been a class A racquetball payer for the last 5-years, and one of his biggest goals is to own and operate a racquetball facility.
Suppose the U.S. is in the midst of a recession and a new president has just inherited an already large public debt.
illustrate what happens to total income when the price of milk is increased.
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Engineers at the national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of unleaded gasoline.
Explain how many tonnes of wheat and how many tonnes of copper ingots will be produced if each country specializes.
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