Suppose R is a simple ring which has a minimal left ideal. Then soc(RR) <> 0 and so soc(RR) = R. This means that RR is a semisimple module, so R is a semisimple ring.
Given the demand function Pd=25- 2Q and the supply function Ps= 2Q+1.Asssuming
pure competition, find the consumers’ surplus, producers’ surplus and interpret the total
of consumers’ surplus and producers’ surplus
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