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A German firm is receiving a $10,000 payment that it wishes to convert into euros. It receives the following two quotes from a bank: E$/€ = 0.9105 and E€/yen= 0.9110. What is the amount of the payment in euros?
a) 9105 euros
b) 9110 euros
c) 10977 euros
d) 10983 euros
The deadweight loss from a tax of $x per unit will be smallest in a market
The inverse demand function of a group of consumers for a given type of widgets is given by the following expression: π = −10q + 2000[$] where q is the demand and π is the unit price for this product. Determine the maximum consumption of these consum..
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