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Suppose the market demand for burritos is given by Qd = 40 - 5P and the market supply for burritos is given by Qs = 10P - 20, where P = price (per burrito).
a. Graph the supply and demand schedules for burritos.
b. What is the equilibrium price and equilibrium quantity?
c. Calculate consumer surplus and producer surplus, and identify these on the graph.
Assume the slip at full-load to be 3.5% and short-circuit current to be six times full-load current. Ignore magnetizing current of the transformer and of the motor.
The revenue and cost functions for producing and selling quantity x for a certain production facility are given below. R(x) = 16x - x2 C(x) = 20 + 4x a) Determine the profit function P(x). b) Use Excel to graph the functions R(x), C(x) and P(x) for t..
a. Determine the Equivalent Annual Costs of the two alternatives and recommend the economically superior system.b. Determine a Salvage Value for the Beta system such that the Beta system will have an Equivalent Uniform Annual Cost equal to the Alph..
advanced analysis given the following diagrams q1 12 bags. q2 7 bags. q3 19 bags. the market equilibrium price point
suppose the economy has a natural rate of unemployment of 5.a. suppose short-run output over the next four years is 1 0
What is the difference between an A-rated bond and a B-rated bond?
Hernandez Corp. uses two variable inputs, X and Y, to produce its final product, canoes. Its engineering department has estimated the marginal product functions for inputs X and Y as follows: MPx = Y/X MPy = 4 X/Y Where X and Y denote, respectivel..
the equilibrium national income is €100,000. thegovernment estimates that full employment would be achieved atalevel of income of €110,000. the mpc=.8, the mpm=.3 a)how much of government spending would be needed to achieve full employment
Why is it so hard for actively managed funds to generate higher rates of return than passively managed index funds having similar levels of risk? Is there a simple way for an actively managed fund to increase its average expected rate of return?
These numbers are similar to the varieties of cell phones sold by Samsung, Nokia, and Motorola. Toyota makes only 16 varieties of vehicles and Boeing makes 16 varieties of airplanes. Why is there more variety in cell phones and ice cream than in a..
influence the equilibrium level of wages and employment under monophony? Draw a sketch diagram to illustrate your answer.
What are the sources of national and international economic growth? Who benefits from such growth and why?
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