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Consider the following demand and supply functions: Qd = 100 - 5P and Qs = 4 + 3P.
1. What is the slope of each line?
2. What is the equilibrium price and quantity?
3. Graph the demand and supply functions in the typical manner with price (P) on the Y-axis and quantity on the X-axis, showing their intercepts.
Discuss the characteristics of monopolistic market in detail. Name five different companies that belongs to this market. Compare and contrast monopolistic competitive market with Oligopoly.
Explain the connections that exist between female labor force participation and divorce. Use your analysis to predict the patterns of divorce and female labor force participation over the next decade.
assume that employers and workers agree that real wages should rise by 2 next year1 if inflation is expected to be 2
What is the monthly payment if you ?nance the car over 4 years at the following interest rates: 0%, 4%, and 8%?
a small supermarket is trying to determine how many copies of people magazine it should order next week. the owner
Find the first order conditions and find the asset demand function for a when utility takes the log form, as in 1B above.
What is the best response function of firm
What are the primary difference between industrial users and home users of electricity that allow the utilities to discriminate between the two markets in terms of price How do we compensate for these differences in order to improve
From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrank. At the same time, the average real wage of high school graduates fell.
Presume the own price elasticity of demand for good X is -5, its income elasticity is 1, its advertising elasticity is 3, and the cross-price elasticity of demand among it and good Y is 4. Decide how much the consumption of this good will change if:
How much will she consume in each period?
By the 1950s, the views of the Classical economists among American economists: had been largely eclipsed by Keynesian views. had largely replaced Keynesian views. were about as widely held as Keynesian views.
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