If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium quantity?

2.Assume that a firm buys $1 million worth of resources in the market for factors of production. Based on the circular flow diagram, what are the values of the goods and services bought and the goods and services sold in this economy?

3.What is the price of 1 U.S. dollar in terms of each of the following currencies, given the following exchange rates?

A. 1 euro = $1.41

B. 1 Chinese yuan = $0.15

C. 1 Israeli shekel = $0.28

D. 1 Kuwaiti dinar = $3.60

4.165,000,000 Taiwan dollars are the equivalent of 4,650,330. $61,200,000 is the equivalent of 39,276,000. Provide the (1) direct quotation and the (2) indirect quotation for the currency pair

Taiwan dollars and US dollars.

5.Is collusion bad for consumers

6.Suppose it costs $30 for each lobster trap set. Lobsters sell for $15. If X traps are set, the harvest rate of lobsters, L, as a function of the number of traps, is given by: L = 45 X -X2.Suppose lobstermen could limit the number of traps permitted. How many traps should be permitted, if Australia wanted to maximize overall profits from lobstering? How many lobsters would be harvested? What would total profits be from lobstering?

7.how many years will it take for an initial investment of $40,000 to grow to $60,000? Assume a rate of interest of 19% compounded continuously.

8.$10 invested at 11% compounded continuously after a period of 2 years.

What will the investment results be in 2 years?

9.to get $200 after 3 years at 7% compounded monthly. What is the present value of $200?

10.Given: U(x1, x2) = x1x2+x1 Find Marshallian demand

a) Calculate the Marshallian demand for x1 and x2

b) Graph the demand for x1 when p2= 20 and I = 100.