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Q1. in a unregulated competitive market, supply and demand have been estimated as follows:
Demand P= 25 - 0.10Q and Supply P= 4+ 0.116Q where presents unit cost in dollars and Q represents number of units sold per year calculate consumer and producers surplus.
Q2. Illustrate what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preferences in today's global economy?
Viennese artist Gustav Klimt's Portrait of Adele Bloch- Bauer was sold in New York for $135 million. Illustrate using supply and demand curve.
q. 1. does the mincer model take unequal access to education into account? discuss the shortfalls of this model in that
Explain how would Ford Moter Company use price Elasticity of demand to determine whether to increase or decrease the price.
You know that marginal cost of last unit is $30. Should industry continue to operate at a loss. Carefully elucidate your answer
1. if the 4 firm concentration ratio of an industry is 75 what does it mean?2. explain in game theory how payoff
What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?
q1. you want to buy a car that costs 24999. you have 3000 to pay upfront as a down-payment as well as you are
q. mining is proposed for a wilderness area that provides two benefits recreation due to backpacking opportunities and
Illustrate what is Ricardian equivalence. Mention and explain three reasons why Ricardian equivalence might not correctly describe an economy.
Suppose you work in a financial institution, how you would advise your clients.
From the scenario, suggest substantive ways in which Herb and Renee may use the information in the table in order to ascertain the profit maximizing level of output and price. Provide a rationale for your decision.
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
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