Discuss how is the new consumer surplus divided
Assume that the demand for electricity is approximately Q= 2800 - 40P, price falls to $15, and the new consumer surplus is $60,500. Discuss how is the new consumer surplus divided among the pre-existing and new consumers?
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Determine the coefficient of x^23 in (x+ x^2+ x^3+. . . x^9)^5. Determine the coefficient of x^23 in (x+ x^2+ x^3+. . . x^9)^7
How can consider and economy with the following production technology: Y = 9K1/3 L2/3 , where the aggregate labor is L=100 and aggregate capital stock is K=100.
Deposits of $625 are made quarterly in an investment. The first deposit is made on February 15, 2015 and the last deposit is made on August 15, 2025. Determine the nominal rate converted quarterly that is earned if the account balance just after t
What happens to price and output in Bertrand, Cournot, and the Stackelberg models if marginal costs increase by 10 %? The market demand is p = a? b Q and the marginal cost is constant across firms, i.e. mc1 = mc2 = c.
Suppose that you agree with a venture capitalist that you will pay her $1.557 million 3.5 years from now for her investment in your invention. She needs you to set aside an amount of money semiannually, starting now, to ensure for the $1.557 milli
Assume the demand for good X is given by the Qdx = 10 - 2Px + Py + M. The price of good X is $1, the price of good Y is $10, and income is $100. Given these income and prices, Explain how much of good X will be purchased?
The U.S. retail gas price jumped from $3 to $4 a gallon in June 2008. This is a 33% increase in the price from January 2008. During that time, total quantity of gasoline purchased fell by the 3%.
Teresa likes to talk on the telephone. We can symbolize her preferences with utility function U(B;C) = 10B +5J, where J and B are the minutes of conversation per month with the Jackie and Bill respectively.
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