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The intercept of a compressed demand function is 10,000 and the coefficient of inverse demand function is – 0. 4.
a) Calculate the following:
(i) demand curve ;
(ii) total revenue curve ;
(ii) profit maximizing price, when MC = $0
b) If the price is increased by $1 above the revenue maximizing price what impact will it have on revenue?
Here are some hypothetical numbers used to illustrate the ideas of trade-offs, specialization, and comparative advantage. Assume Sri Lanka, using all her resources efficiently, can produce either 1,000 bags of rice OR 3,000 bags of tea. Let's also as..
US consumption expenditure includes
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Compare and contrast the possible consequences for an economy of inflation and deflation.
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You buy a bond for $1118 that pays $20 interest every 6 months. It will reach maturity in 9 years at which time it will return its face value of $1000 plus the final $20 interest payment. What is the pre-tax annual rate of return on this bond?
Suppose that in a year an American worker can produce 100 shirts or 20 computers and a Chinese worker can produce 100 shirts or 10 computers. Explain at what price of computers (in terms of shirts) the two countries might trade. Who has the comparati..
q1. the third largest city of a country has a population of 12.5 million. using the ranksize rule what is the
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