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Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price, quantity and consumer surplus?
The water industry in Springfield is competitive, with numerous buyers and sellers. What is the market equilibrium quantity?
illustrate what would need to reduce the supply of money if Canada was an open economy with a flexible exchange rate.
Compute the monthly payment and explain whether taking this loan is a smart business decision.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Explain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand. How is the aggregate supply curve different from the supply curve for a single good, like pizza.
Can Alpha make a credible threat to punish Beta with a retaliatory price cut
What is the nominal GDP in 2011? What is the real GDP in 2011 (using 2010 prices)?
One of the central ideas taught in econonimics is that fixed costs are sunk costs, and that fixed cost are irrelevant to current decision making. Show why this true through the use of calculus and the idea of profit-maximization.
for each bundle that the consumer chooses, show the indifference curve that goes through that bundle. Make sure to label your graph carefully and accurately.
Evalute the area of consumer surplus and producer surplus for the profit maximizing monopoly.
Illustrate what implicit assumptions is the publisher also the analyst making about price elasticity.
Calculate the present worth of the following geometric gradient series cash flow: Annual interest Rate =7.07 %, Annual cash flow increases 20% each year, The first year value is $58 and the series is 8 yrs long. Present your answer with 2 decimal pla..
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