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

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 123 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cclemon1

  • Sr. Member
  • ****
  • Posts: 312
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

  • Member
  • Posts: 569
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Blood supply to the pituitary gland Blood supply to the pituitary gland
Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
Good body mechanics for lifting heavy objects. Good body mechanics for lifting heavy objects.
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Classic Supply - Demand Curve Classic Supply - Demand Curve
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library