Before the 1960s, monetary policy in the United States was strictly based on expectations. adaptive. expansionary. passive. activist.October 13, 2020
A market with demand Q = 100 – 3P is currently in equilibrium with 40 units being sold. It follows that the current price elasticity of demand A. is…October 13, 2020
1. A monopolist faces a demand curve of Q = 100 P=2 and a total cost curve of T C = 640 + 40Q:
(a) Calculate the proÖt maximizing price and quantity [2 marks]
(b) What is the socially optimal (e¢ cient) P and Q? [2 marks]
(c) Calculate the DWL (dead weight loss). [2 marks]
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