This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the demand and supply equations. At a price of 5, there will be ________. Fill in the ... (Read 58 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
Refer to the demand and supply equations. At a price of 5, there will be ________.
 
  Fill in the blank(s) with correct word

Question 2

The moral hazard associated with managers whose productivity is difficult to quantify can be decreased with
 
  A) piece-rate contracts.
  B) year-end bonuses.
  C) decreased wages.
  D) adverse selection.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

samiel-sayed

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

Qd = 80 - 2 (5 ) = 70 units
Qs = -10 + 4 (5 ) = 10 units
Thus, at a price of 5 which is below the equilibrium price, we have an excess demand or shortage of 60 units

Given the production function Y = 10X + 20X2 - X3, answer the questions below.

Answer to Question 2

B


rl

  • Member
  • Posts: 579
Reply 2 on: Jul 1, 2018
:D TYSM

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Kinematic equations Kinematic equations
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Introduction to Autism

For a complete list of videos, visit our video library