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Market demand is p = 540 - q and the market supply equation is p = 60 + 2q. Use this data for the following questions. (The question is in bold bellow)
The competitive equilibrium is:?
Consumer surplus at this competitive equilibrium is:?
Producer surplus at the competitive equilibrium is:?
Please describe how you got the answer for points.
"Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let along I've never heard of a poor person taxing himself into prosperity. Mr. Jones sends his daughter $500 for a semest..
what are the differences between common law civil law customary law and theocratic law? what is the political risk and
Please write a three paragraph summary due next week regarding either the documentary "Inside Job" or "Capitalism: A Love Story." Discuss the financial crisis and how the current state of capitalism impacted average Americans.
when mcdonalds corp. reduced the price of its big mac by 75 percent if customers also purchased french fries and a soft
Equations describe an economy.
Explain how a rise in incomes will affect the demand for computers, describe any assumptions that you have to make to give your answer.
Suppose the supply function is Q=4P^2 and equilibrium quantity=36.What is the price elasticity of supply? What are the steps to find this?
What are the major factors that determine investment and what impact does each have on aggregate demand?
how can two countries both be better off as a result of trade? how can tariffs protect u.s. jobs? do tariffs lead to a
The economies of two countries, Thrifty and Profligate, have the same production functions and depreciation rates. There is no population growth or technological progress in either country. The economies of each country can be described by the Sol..
1. a do protectionist policies benefit producers consumers workers or the government? explain.b explain how the buy
1. i am risk avers and trying to maximize my expected value of c0.5 were c is my fortune. i have 50.000 in cash and art
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