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The reports iniccates that the current price of decontaminated blood is 80 per pint. However, if the new screening methods are adopted the demand and supply for decontaminated blood will change to Qd=175-P and Qs=2P-200. What price do you expect to prevail if the new screening methods are adopted? Explain how many units of blood wil be used in the US? What is the level of consumer and prduce surplus? Illustrate your finding in a graph
Illustrate what happens when a cheaper product is offered due to Impact of Government Imposed Price Ceiling that is below the equilibrium price.
Imagine that last year, Jennifer earned $80,000 in salary, and consumed $50,000 in goods and $23,000 in services. How could we best categorize the remaining $7,000.
Illustrate what should the prod level if fixed costs rose to $50000 per month Explicate.
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
From what you know about these firms' cost structure, what is the highest possible price per unit that could be existing as the market price in the long run equilibrium.
What type of economic flow would be illustrated b the purchase of a Mexican candy-making factory by a US company.
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
Exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million.
The economy is made up of C and I and is currently at full employment. If consumption is $5 trillion while savings is $1 trillion, what is present investment according to classical economists.
Illustrate what is the quantity of economic investment that has resulted from BBQ's actions
which cumulative expenditures are increased. Raising taxes also government expenditure by the same amount such which cumulative provide is decreased also cumulative demand is increased.
The Honolulu tourism commission currently proposed a 7% tax on hotel rooms to pay for an outdoor amphitheater.
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