Assume a demand equation:
Qd= 9 - 0.1p - pc +0.01ps + 0.0001Y

and Supply equation:
Qs= 0.1p - 0.02pi +0.01N +0.01T - 0.1w

where
p= Price of the good
pc= price of the complement= $3
ps= price of substitute = $200
Y= Conusmer income= $20,000
Q= Quantity in thousands of units
pi= price of an input = $450
N= number of firms= 700
T= index of technology=300
w= wage rate= $10

Required:
If the price is $60, there will be an excess supply excess demand of nothing thousand units.

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.