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A. do not have an economic problem.
B. still have an economic problem.
C. do have an economic problem but are solving it.
D. give more money to the government to solve its problems.
E. Balance sheet
1. Given market demand Qd = 50 - P, and market supply P = Qs + 5
A. Find the market equilibrium price and quantity
2. Given utility function U= where PX = 12 Birr, Birr, PY = 4 Birr and the income of the consumer is, M= 240 Birr.
A. Find the utility maximizing combinations of X and Y.
B. Calculate marginal rate of substitution of X for Y (MRSX,Y) at equilibrium and interpret your result
Consider the perfectly competitive market for Diesel. The aggregate demand for gasoline is
The aggregate demand for gasoline is
Q_d=100-p
While the aggregate supply is Q_s= 3p
Work out the equilibrium price and quantity.
1/2 ----L-----------R
U----(1,1)-------(-2,6)
D----(6,-2)------(-1,-1)
What difference does it make if the game is played only once or is repeated an infinite number of times? Show that, with infinite repetitions, an average payoff pair (2, 2) can be obtained if the players alternate between two different strategy pairs. Show that the average payoffs (2, 2) are also enforceable if the players follow a simple trigger strategy.
over following options that they hope will get rid of the surplus while keeping the price floor - restricting supply, decreasing demand or purchasing the surplus at the floor price
Use diagram to illustrate the impact on demand curve and equilibrium price and quantity of sasko bread if there's an increase in consumer's taste for Albany bread
