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Question: Please read these problems carefully and provide your full detail explanation. Then save it and drop it as an attachment file in The assignment box. The Due date for this writing assignment is April 13 and the cut of date would be April 13. After this date no paper will accepted. Use Microsoft word and MLA format for this homework. If you cannot use Excel to graph the Demand and Supply , then graph them by hand and scan it and attach it. This writing assignment has 15% of total grade per syllabus. If I cannot open any attachment file you will receive zero. Please use Microsoft Word and not any other internet link that cannot opened. If you have any question please e-mail me.
Mohammad Moghadassian
Assume that demand for a commodity is represented by the equation P = 20 - 0.6 Q d, and supply by the equation P = 10 + 0.2 Qs where Qd and Q s are quantity demanded and quantity supplied, respectively, and P is the Price. Use the equilibrium condition Qs = Qd
1: Solve the equations to determine equilibrium price.
2: Now determine equilibrium quantity.
3: Graph the two equations to substantiate your answers and label these two graphs as D1 and S1.
4: Furthermore; using demand and supply show what happen to equilibrium price and quantity if eating this product causes cardiac problem.
Explain the logical error in the following sentence: As ice cream sales increase, the number of people who drown increases sharply.
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Listen to the podcast ‘Norway's got advice for Libya'. Was Norway in a unique position to pass such policies? Why or why not?
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A woman makes an investment every 3 months at a nominal annual interest rate of 28%, compounded quarterly. Her first investment was $100.
Discuss the influence one component has on the others - Discuss the effectiveness and the limitations of model.
1. suggest how an economist would approach the problem of alcohol abuse. provide two 2 possible solutions to this
How has the local, state, or federal government promoted economic growth in the State of Alabama? In what ways do you think it was a success or a failure?
Zachary must make a financial presentation to a bank in order to try to get a loan for his new business. He wants to show the firm's projected sales growth and increase in market share for the first five years. He will most likely use a(n) softwar..
When is a stratified sample an appropriate sampling technique? specific characteristics of the population are of no concern individuals in a population are not equal each member must have an equal chance of being selected you have a small population ..
Tom can produce 40 balls per hour or 4 bats per hour. Tessa can produce 80 balls per hour or 4 bats per hour.a. calculate Tom's opportunity cost of producing a ball. b. calculate Tessa's opportunity cost of producing a ball.
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