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Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, which of the following is true?
a. there will be excess demand of 8 pizzas
b. there will be excess demand of 10 pizzas
c. there will be excess demand of 6 pizzas
d. there will be excess demand of 9 pizzas
Yet many financial decision-makers at some of the most prominent firms in the world continue to use less desirable measures such as the payback.
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
Describe who bears relatively more of the burden of the tax, producers or consumers and illustrate your answer with a diagram.
short-run average cost curve and the long-run average cost curve are both U-shaped for the same reasons.
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
Determine the cost to the government of buying firms unsold units
The risk-free rate of return is 3.5 percent. Illustrate what is the current value of one call option on this stock if the exercise price is $40.
Illustrate what would be the cost saving of this change
If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.
Why do pork also lamb have comapritively high price elasticities of demand compared with the other foodstuffs in the table.
One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
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