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The demand function for merino ewes is D(p)=100/p and supply function is S(p)=p.
what is the equilibrium price?
what is the equilibrium quantity?
An ad valorem tax of 300 percent is imposed on merino ewes so that the price paid by demanders is four times the price received by suppliers. What is the equilibrium price paid by the demanders for merino ewes now? Elucidate what is the equilibrium price received by the suppliers for merino ewes? What is the equilibrum quantity?
If an economy experiences increasing prospect costs with respect to two goods, then the production-possibilities curve between the two goods will be.
Elucidate the likely impact of this event on the market for gasoline and the market for small cars.
All astute comments thus far. Some government projects also programs continue to give benefits for many yrs.
Consider the construction of handmade rugs moreover assembly line robots in Canada and India.
Discuss the incentive effects associated with this EMTR program regarding conclusion to join workforce
The Wall Street Journal's experience after an increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about the price elasticity.
Gordon also works 5 hours a week for the economics department to maintain that departments web page. Illustrate the economics department pays gordon $20 per hour.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
Solve for aggregate expenditures (AE) as a function of Y, and compute the equilibrium level of national income. Elucidate your equilibrium in a diagram with AE.
Discuss the importance of a well-developed compensation plan in attracting as well as retaining good employees as well as how to keep those plans from "working too well."
You are a division manager at Toyota. If your marketing department estimates that the semiannual demand for the Highlander is Q 100,000 -1.25P, illustrate what price should you charge in order to maximize revenues from sales of the Highlander.
If income elasticities are equal for all goods, then all Mashallian demand functions must be downward sloping.
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