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With the increase in price of tomato from Rs. 40 per kg to Rs. 80 per kg in
super market, the demand for tomato has gone down from 40 kg to 20 kg.
Calculate the demand elasticity
Explain th economic impact of narrowing yield gap - he difference between the 90 day Bill rate and the 10yr bond rate
i need your Assistance
I was ask to give Five reason why economics is considered as science and social science subject
How do firms know what to produce, how much will be produced, how to produce it and for and for whom to produce it
visit any local store that sells goods on credit
Albin has quasi linear preferences and he loves pretzels. His inverse demand function for pretzels is p(x) = 49 − 6x, where x is the number of pretzels that he consumes. He is currently consuming 8 pretzels at a price of £1 per pretzel. What is the change in Albin’s consumer surplus if the price of pretzels rises to £7 per pretzel?
A monopoly price discriminates between two markets:
Market 1 P1 = 500 - Q1
Market 2 P2 = 300 - Q2
Total Cost = 15000 + 100Q where Q = Q1 + Q2
Required: Determine the quantity and price of each market and the total profit.
in perfect competition, an individual firm is
the sum of individual consumer demands for a given product
what is this call?
Consider a market with two dominant firms (curnot duopoly) producing a homogenous product.
The inverse market demand function is given by