1.8 For Figure 9.7, assume Supply P = 10 + 0.2Q; Demand P = 100 Q....
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1.8 For Figure 9.7, assume Supply P = 10 + 0.2Q; Demand P = 100 – Q.
a Calculate market output QM and price PM.
b If QA = 10, and the MSC curve = 30 + 0.3Q, calculate the optimal output. Calculate triangle A if we stay at QM.
c If QA = 100, and the MSC curve = 30 + 0.4Q, calculate the optimal output. Calculate triangular area (A + B) if we stay at QM.
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Related Book For 
The Economics Of Health And Health Care
ISBN: 9781032309866
1st Edition
Authors: Sherman Folland; Allen C. Goodman; Miron Stano; Shooshan Danagoulian
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