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Pink lady apple demand and supply. Consider all six factors of demand and supply - identify which factors this information might impact. Assume in a perfect competitive market structure, Analyze what would happen in the market place given the findings for supply and demand (include both long run and short run outcomes).
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
A movie monopolist sells to college students and other adults. The demand function for students is Qds=2000-25P, and the demand function for other adults is Qds=2400-25P. Marginal cost is $6 per ticket. Instructions:Round your answers to 2 decimal pl..
Graph the supply and demand curves in this market. Be sure to put the quantity (Q) on the horizontal axis and the price (P) on the vertical axis. You may use quantities four ( Q=2) through twenty (Q=18)by units of one (1) for your graph. What is the..
Explain the statement that "an individual bank has little ability to expand the money supply unless all the other banks expand in step". Does that simply because a conduct of one single bank cannot change the aggregate money supply?
A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P,
Why is economics considered a social science? What role does economics play in your personal and professional lives?
A firm’s isoquant is given by: q = LK. Total cost is $200 and WL = WK =$1. Mathematically solve for the equilibrium levels of L, K, and q. Show all work. Graphically present your findings. Label L, K, q, equilibrium, and endpoints to the total cos..
You continue to use an old machine tool that was bought four years ago for $15,000. It has been fully depreciated but can be sold today for $2,000. The existing (old) machine tool can be sold today for $2,000. You purchase a brand new machine tool at..
Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. and became a great success. What would you predict would happen in the restaurant market for that city? Draw a graph illustrating the likely changes in the shape and..
Explain how a bandwagon effect might speed up the rate at which DVD players are adopted by consumers. Do likewise for the case of cable television subscriptions.
Romans utility function os U(x,y)=6xy. The prices of goods x and y are $12 and $15. The indifference curve is tangent to his budget constraint, where he is consuming 20 units of good x. How many units of good y must he be consuming?
Arian is about to borrow $2350 from his uncle. He has an option to repay the loan at the end of year 5 with 10.75% simple interest per year or with 5% interest per year, compounded annually. What is the difference of the total interest paid over 5 ye..
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