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a. Looking at both the schedules of supply and demand, as well as the graph of the demand and supply curve for Maine Lobsters, what is the equilibrium price of lobsters and equilibrium quantity of lobsters demanded and supplied at that price?
b. Second suppose that Maine lobsters can also be sold in France. The French demand schedule for Maine lobsters is as follows: prices of lobsters per pound:$25 , quantity of lobster demanded (pounds) 100
$20 300
What is the demand schedule for Maine lobsters now that French consumers can also buy them?
c. Using the combined U.S. and French demand scheduke the U.S. demand schedule and the supply schedule, and the graph, analyze the change in te market for lobsters. What will happen to the price at which fisherman can selllobster? Waht will be the final output of lobstere?
d. What will happen to the price paid by U.S. consumers? What will ahppen to the quantity consumed by U.S. consumers?
n the short run, a firm's total costs of producing the hundredth unit of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. What is marginal cost of the 101st unit of output.
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Assume the monopoly sells its goods in two different markets esparated by some distance. The demand curve in the first market is given by Q1=55-P1,and demand curve in second market is given by Q2=70-2P2.
Over the past 5 days, the common stock of Tyler Mfg. had daily returns of 0.2, -0.1, -0.2, 0.3, and 0.1 percent, respectively. For the same 5 days, the market had daily returns of 0.0, 0.1, -0.3, 0.4, and 0.2 percent, respectively. What is the cumula..
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