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Consider a market where supply and demand are given by QXS = -10 + PX and QXd = 71 - 2PX. Suppose the government imposes a price floor of $33, and agrees to purchase any and all units consumers do not buy at the floor price of $33 per unit.
a. Determine the cost to the government of buying firms' unsold units.
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b. Compute the lost social welfare (deadweight loss) that stems from the $33 price floor.
give the definitions for marginal rate of substitution mrs and the price ratio. then explain them in your own words
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determine the training and development needed to elevate the performance
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Consumers in a given industry have the demand curve: P = 1000 – 8*Q Production involves an upstream manufacturer, who incurs a constant marginal cost of $20 per unit, selling to a downstream retailer.
U(X,Y) = X2Y. The consumer has $24 to spend and the prices of the goods are PX = $2 and PY = $4. Note that the MUX = 2XY and the MUY = X2.
Derive the equation for the demand curve facing the airline during the winter month of January if P = $100, PC = 150, BAI = 200, and S+0 (Price should be expressed as a function of quantity.)
1. for each of the following two parts you must justify your answer. no explanation no credit.nbsp partially correct
In response to the new federal regulation to provide the public with safe and wholesome seafood, an Alaska seafood processor is considering two new sanitation control systems to help monitor its seafood processing operations.
a perfectly competitive firm has the following short-run total costquantitytotal
Discuss how horizontal, vertical and conglomerate mergers differ from a joint venture.
Now assume that the price of tablet cases drops by 50%. How would change impact the demand for tablet cases? Explain your answer and reconstruct the graph developed in question one to show this change.
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