Equilibrium quantity and equilibrium price for the commodity

Assignment Help Business Economics
Reference no: EM13833961

Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.

Supply: p=65q       Demand: p= -q^2 + 7,500

The equilibrium quantity is q=_______ at a price p = $_________

Reference no: EM13833961

Questions Cloud

The best medium term prediction : Suppose the U.S. grows more slowly than Canada. The best medium term prediction is that the
Interest rate parity predicts that relative to japanese yen : Suppose the Japanese interest rate is I% while the interest rate in Britain is 3%. Interest rate parity predicts that relative to the Japanese Yen,
Dollar is overvalued-peso is undervalued in exchange market : The U.S. dollar is overvalued and the peso is undervalued in the foreign exchange market
Currency futures market and the arbitrage market : In which market will a company arrange to receive currency for a transaction at a future date? The forward market, the currency futures market, the arbitrage market, the forward spot market.
Equilibrium quantity and equilibrium price for the commodity : Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given.
Different probabilities of three alternatives occuring : How would you go about estimating the different probabilities of three alternatives occuring if you have little empirical data on which to base your estimates?
Responsibility with respect fiscal-monetary policies : The two opposing views on government interaction and responsibility with respect to economic fiscal and monetary policies have been a topic of debate among economist for decades.
How does a proactive focus on diversity : 1. Why Pfizer interested in improving diversity and inclusion at the company? 2. How does a proactive focus on diversity and inclusion improve Pfizer's legal compliance? 3. If you were in charge of diversity and inclusion at Pfizer, what would you do..
Find the marginal profit : The profit in dollars from the sale of x expensive watches is Px=0.03x2?3x+2x0.3?5000. Find the marginal profit when (a) x=300, (b) x=2000, (c) x=5000, and (d) x=10,000.

Reviews

Write a Review

Business Economics Questions & Answers

  Price elasticity of demand for royal crown cola

The price elasticity of demand for Royal Crown Cola is equal to the price elasticity of demand for soft drinks in general It is invalid to make inter product elasticity comparison

  Are there different ethical risks an entrepreneur faces

Are there different ethical risks an entrepreneur faces if entering a market in a developed country as compared to a market in an undeveloped country?

  Mortgage amortization schedule specifies a monthly payment

The traditional mortgage amortization schedule specifies a monthly payment that is:

  How can you explain this apparent inconsistency

a smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.

  The marginal cost is rising and the averger variable cost

In a short-run production process, the marginal cost is rising and the averger variable cost is falling as output is increased. thus

  What do you abou semi-salt is earning monopoly profits

Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investments since it began producing polyglutamate-a rate comparable to the average rate of interest that large banks paid on deposits over this ..

  How much can we expect this to increase unemployment rate

Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, assume that v=2 and that the inflation rate last period was 2%. Assume the natural rate of unemployment is 5.5%. How much can we e..

  Q1 in a recent survey of high school students it was found

q1. in a recent survey of high school students it was found that the average amount of money spent on entertainment

  Qassume an industry is composed of the following eight

q.assume an industry is composed of the following eight firms.company market sharefirm a 30 percent firm b 25 percent

  How do protectionist trade policies affect a government

Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?

  Describe the ways rapid inflation could undermine

Functions of Money The text noted that money performs three basic functions. Select one of these functions and describe the ways rapid inflation could undermine money's ability to perform the function you selected. Cite all references used. This ..

  Change in compensation is the reason for increased profits

Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $60,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd