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Consider three demand curves: Q1(P) = 200P^-1, Q2(P) = 200P^-1/2 and Q3(P) = 200P^-2. a) For each demand curve, what is the quantity demanded at P = $1 and P = $1.1? b) Using part a), what are the demand elasticities for the three demand curves between P = $1 and P = $1.1? c) For each demand curve, what is the derivative dQ/dP at P = $1? d) For each demand curve, what is the point elasticity dQ/dP at P = $1?
Find out the optimal prices, the number of tickets sold in each area and the seller's profit given that the seller wants to serve all consumers.
In case of conflicting IP rights, could firms bargain to attain efficient outcomes. Is re room for entry if consumer welfare is not being served.
Does the existence of poverty imply that our socioeconomic system is unjust. Does the concentration of poverty in certain groups make it more unjust than it would be otherwise.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Alchemy allows the other firms to sell as much as they wish at the established price and supplies the remainder of the demand itself.
Find out the percentage change from last year to this year in the United States' nominal exchange rate with Russia
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers.
How fares paid by consumers, in East and West Berlin after unification; given that living standards are much higher in West than in East Berlin. Assume the market for taxi cabs is competitive.
How would I plot a marginal product curve, say, given the number of workers on the x-axis and and the number of a certain product produced on the y-axis.
A stock is expected to pay a dividend of $2.50 per share indefinitely. The stock is expected to generate a return of 8 percent in the foreseeable future. Based on this information, Compute a fair price of this stock.
If you each charge a high price, you each earn profits of $200. If you charge different prices, the one charging the higher price loses $50 and the one charging the lower price earns $300.
Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
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