Based on the model, the price at the efficient equilibrium is

Consider the following model for the production of refined oil: MSC = 10 + 0.5Q; MEC = 0.3Q;
MSB = 30 – 0.3Q; MEB = 0.

a. PE = $18 b. PE = $22.50 c. PE = $20 d. PE = $40


b. PE = $22.50

Economics

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Economics

If the price of a good in the U.S. is $10 and the unit of foreign currency is the dinar, in which case is the real exchange rate 5/4?

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Economics