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The demand curve for product x is given by Qx^d=460-4Px
a.)Find the inverse demand curve.b.)How much consumer surplus do consumers receive when Px=$35?c.)How much consumer surplus do consumers receive when Px=$25?d.)In general, to the level of consumer surplus as the price as the price of a good falls?
when the price of corn was low consumers in the united states spent a total of 3 billion annually on its consumption.
q1. suppose that individual demand for a product is given by qd 1000 - 5p. marginal revenue is mr200 - 0.4q and
What was the relationship between cotton and the slave economy in the antebellum American South. was cotton expansion necessary for the continuation of slavery. Was slavery necessary for the growth of the cotton industry.
provide economic reasoning and draw graphsa suppose the economy is initially in long run equilibrium and the u.s. stock
Explain a political, economic, or social interaction of decision makers that you have heard about in words. The condition should involve decision makers, available actions
a suppose the economy is initially in long run equilibrium and the u.s. stock market has a prolonged decrease in
what is the levelized cost of electricity per kW-hr and Which press should you purchase if 120,000 nondefective units per year are produced by each press and all units can be sold?
.Most people are consumers, making demand decisions in product markets, and also workers, making supply decisions in resource markets. How do workers choose how much of their labor service they are willing to sell Is the quantity supplied likely t..
A. Explain why the consequences of unanticipated inflation are worse than anticipated inflation B. Discuss the consequences of deflation on the economy. Do deflation can be good, yes no, explain why
Suppose that there are three firms, who produce homogeneous products, and whom have the same marginal cost which is constant over output. These firms play an infinitely repeated Bertrand pricing game. Each period they simultaneously set prices.
Assume the standard deviation is $3,730 and that debt amounts are normally distributed or what is the probability that the debt for a randomly selected borrower with good credit is more than $18,000?
Suppose that there are n bidders participating in a First Price Auction. Each bid- der's private valuation is independently drawn from the interval [0, 1] according to the distribution with cdf F(x) = x2 and pdf f(x) = 2x.
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