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Your market research group estimated the following demand curve for gadgets, the product your company produces and sells.
Qd = 4,000 - 40P
If this relationship between quantity demanded and prices continues to hold true in the future,
a. How many gadgets will be demanded at $10, $20, and $30?b. What is the arc price elasticity between $10 and $20; between $20 and $30?c. What is the point price elasticity at each of the three prices?d. If your company sold 3,000 gadgets last year, what is the price it charged?
Draw the demand curveb) Calc e when P= $200, P= $100, and P= $0c) carefully draw the total expenditure/revenue curved) what price maximizes the revenue received by the seller
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If the government gave each recicient family a $7,000 check instead of enrolling them in the Medicaid program most of the families would spend that money to purchase health insurance.
a country is described by the solow model with a production function of yk 12. suppose that k is equal to 400. the
How would population growth effect the dynamically efficient allocation, given the model in the second period has a higher demand for the depletable resource. What effect would the addition of population growth have on the efficient allocation.
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