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Q1. Let the marketplace for lobotomies be given by P=10,000-100QD and P= 100Qs-20000.
A) Illustrate what is the equilibrium price and quantity?
B) Illustrate what is the maximum price customers are willing and able to pay for 10 lobotomies?
c) Illustrate what is the minimum price at which 20 lobotomies will be supplied?
D) Illustrate what is the marginal benefit of 35 lobotomies?
E) Illustrate what is the marginal cost of 50 lobotomies?"
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All the big computer manufacturers have little "Intel Inside" logos in their television advertisement.
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
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Compute demand of price elasticity of for natural gas sold to the US.
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