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Find the equilibrum quantity and equilibrium price for the commodity whose supply and demand functions are given. supply:p=q^2+20q demand:p=-4q^2+10q+5200
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
q1. sanborn a manufacturer of electric roof vents realizes a cost of 55.00 for every unit it produces. its total fixed
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs take one hours (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this produ..
The literature on attribution processes identifies a number of “biases” in the processes by which we perceive other persons. How do these biases influence the impressions we form of others as we interact with them? In particular, to what extent and i..
The Lumins Lamp Company, a producer of old-style oil lamps, estimated the following demand function for its product: Specify the marginal revenue function. Write an equation for the total cost (TC) function in terms of Q. Specify the marginal cost fu..
q. you are still a manager of a small wigest producing firm. now there are 14 such firms including yoursin industry.
If prices are rising and a company’s inventory levels are unchanged, the use of fifo rather than lifo for inventory valuation will tend to result in the current period in a: higher income tax expense, b: lower gross profit percentage, c: lower ending..
What feature(s) of Medicare would cause an economist to say that “Medicare stinks as insurance”? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front’ deductibles and least commonly covers “high-end..
If the return of two stocks has a correlation of 1, what does this imply about the relative movements in the stock prices?
q1. the average 15- year- old purchases 12 cds and 15 cheese pizzas in a typical year. if cheese pizzas are poorer
Which of the following would cause a change in supply, as opposed to a change in quantity supplied, in the market for used homes? 1. an increase in the number of buyers in the market for used homes 2. An increase in the income of home buyers. 3. A de..
Consider a labor market with a monopolistic firm that has a labor demand curve of MRPL=16-.5L, where L is thousands of hours of work. Suppose that workers at the firm are organized into a union that has a union objective function of U=WL, where W is ..
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