Consider a perfectly competitive market with market supply Qs=P and market demand Qd=100-P. imposes a tax of $10 per unit on this market, to be paid…
September 3, 2020
(still the same Scenario) Two identical firms make up an industry (duopoly)in which the market demand curve is represented by Qd=5,000-4P, and the…
September 3, 2020
  1. Anticipating more sales during the upcoming football season, a manufacturer of sports memorabilia increases his production in July. This is an example of

a. savings.

b.inventory investment

c. business investment

d.consumption, because the goods will be sold during the football season.

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