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Q1. P=320-.04Q with quantity, Q, measured in thousands of barrels per day and price, P, measured in dollars per barrel. The supply curve is given by PS=5+.015Q.a. Compute the equilibrium quantity and price.b. Calculate the consumer and producer surplus.
Q2. Which panel represents the change in the market for student housing when university enrollment increases and at the same time the university destroys several older residence halls and apartments buildings?
Explain how might knowledge of organizational behavior help the company's frontline store supervisors manage their employees.
The operating and maintenance expenses are expected to be same whether you purchase the truck or lease it. If the minimum acceptable rate of return is 12% per year compounded monthly, should you purchase this lift truck or lease it?
If the annual real interest rate on the loans is 6%, explain how many car companies will buy a new car assembly machine.
Illustrate what are the benefits also costs to the US economy of labor migration (illegal also legal) into the United States from Mexico.
if the demand for labor is elastic because the demand for labor will decrease more when you have elastic demand than if demand were inelastic.
analyze the following production data and prepare a proposal suggesting how to maximize profits.
What is regression's predicted earnings for a 25 year old worker. A 45 year old worker.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
Ilustrate what is the marginal product of capital and labor. Does the answer depend on how much labor and capital are used.
Firm manufactures bicycle component upgrade kits. Kits have a short-run average variable cost of $48 and are sold for $66 each. What is breakeven level of daily output for firm.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output?
What changes in sales would you anticipate if you were manager of a Dodge/Plymouth franchise. What is each firm's marginal revenue.
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