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Market demand is p = 540 - q and the market supply equation is p = 60 + 2q. Use this data for the following questions. (The question is in bold bellow)
The competitive equilibrium is:?
Consumer surplus at this competitive equilibrium is:?
Producer surplus at the competitive equilibrium is:?
Please describe how you got the answer for points.
explain why the optimal level of pollution is not zero. according to an epa study the health hazards of superfund sites
In the short run, a firm operating in a competitive industry will shut down if price is less than average total cost, less than average variable cost.
Compute CS ,PS and the deadweight lossD)if firm 1 and 2 leaders and 3 follower (Stackelberg),What are the quantity choices for all three firms?
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences.
Guaranteeing a price for new capital to the issuing firm.Selling stock over the Internet.Issuing stock and using the proceeds to purchase bonds.
under pressure from lobbying groups the president of a newly-independent country implements a minimum wage of 6hour.
Economists have observed that spending on restaurant meals declines more during economic downturns than does spending on food to be eaten at home. How might the concept of elasticity help to explain this phenomenon?
Describe the process by which the competitive market establishes a price at which all firms are just earning normal profits.
mikes utility for consumption and leisure is ucl c times l so that his marginal rate of substitution between leisure
Sam consumes green eggs and ham. Ham and green eggs are both normal goods.
question a explain why governments sometimes impose a price ceiling in a competitive market. illustrate the effects
develop a plan for managing your debt. how many sources of debt do you current have and what are the balances owed on
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