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Q. a. Verify of all the prices also quantities calculated in the Talk about.
b. Now suppose that intermediaries come from a competitive marketplace with an equilibrium price of $8 every unit for their services, that is, any buyer or seller who wants an intermediary's services must pay $8 for them. Illustrate what is the maximum every unit that sellers are willing to pay intermediaries if hiring them saves buyers $8 in transaction costs?
c. Change if buyers pay $8 every unit to the intermediary but sellers offer to rebate part of that expense to buyers?
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A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
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If Frank's salary as a sales manager was $70,000 instead of $100,000 would your answer be different.
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