The demand curve is given by:
QD = 5000 - 10 P
Find equations for:
a. Total revenue
b. Marginal revenue
a. TR = P ? Q = (500 - 1/10 Q)Q = 500Q - 1/10 Q2
b. MR = 500 - 1/5Q
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If an epidemic hits a Malthusian economy, the long-term consequence is
A) an increase in the standard of living. B) a reduction in the standard of living. C) no change in the standard of living. D) dependent on the population growth rate.
Suppose there are two economies that are identical in every way with the following exception. Economy A has an unemployment compensation system while economy B does NOT have an unemployment compensation system
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if usda estimates that expected corn-based ethanol production will increase, this is expected to:
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