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Author Question: A good's Demand Curve is QD = 50 - 2P, and its Supply Curve is QS = 40 + P. a. When P = 10, what ... (Read 117 times)

arivle123

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on: Jul 1, 2018
A good's Demand Curve is QD = 50 - 2P, and its Supply Curve is QS = 40 + P.
 
  a. When P = 10, what is the difference, if any, between QD and QS?
  b. When P = 2, what is the difference, if any, between QD and QS?
  c. What are the equilibrium values of P and Q?

Question 2

In the example of coordination problems between Google and Motorola Mobility, one method to solve the problems was
 
  A) to undertake a merger or acquisition.
  B) form a joint venture.
  C) for one firm to subcontract with the other.
  D) All of the above.


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cclemon1

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a. QD = 30 and QS = 50
b. QD = 46 and QS = 42
c. Q = 43.33 and P = 3.33

Answer to Question 2

D


arivle123

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

shewald78

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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