Answer to Question #63058 in Microeconomics for Gifta Bernard

Question #63058
Greg’s Hardware has determined the following demand and supply equations for nails QD = 10,000-25P QS = -5,000 + 50P a. How many nails would be sold for $100? b. At what price would nail sales be zero? c. When P = $200, what is total revenue? What is marginal revenue? d. What is the relationship between quantity supplied and quantity demanded at a price of $300?
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Expert's answer
2016-11-01T09:49:07-0400
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