Microeconomics Answers

two markets for substitute goods:

Q^s₁ = 2P₁

Q^S₂=-10+2P₂

Q^D₁=20-P₁+P₂

Q^D₂=40-2P₂+P₁

FIND THE EQUILIBRIUM PRICE AND QUANTITY OF THE TWO GOODS

which industries are highly competitive, give local examples

(a) The demand (D) and supply (S) equations for a commodity (X) are given by:- D = 2000 – 20P S = -500 + 30P, where P = Price (R) per unit (i) Find the equilibrium price and quantity and show on a suitable diagram.

Do film festivals likely experience economies of scale or diseconomies of scale in the long run using long run atc to explain

When a film festival opens after the pandemic, is it a short run or long run

chapter 10 externalities Mankiw problems and solutions

3. Marginal utilities of goods A and B are 600 and 900, and the price of good B is Rs.120. If the consumer is in equilibrium, the price of good A is

The demand curve that a monopolistically competitive firm faces:

Under perfect discrimination, consumer surplus is.......