The demand for commodity X is represented by the equation P = 20 – 0.2Q and supply by the equation P = 4 + 0.2Q. The equilibrium quantity is?

Pa and Pb are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society. The marginal cost of producing this good at the optimal quantity is $6. What is the optimal quantity? Indicate to the nearest whole number (e.g., 9). Exam 2 last unit.PNG  

If a market is in equilibrium, which government action could reduce demand?

Suppose that tacos and pizza are substitutes, and that soda and pizza are complements but folks tend to drink beer or water with tacos. We would expect a decrease in the price of pizza to

Which of the following is true of John Calvin

How did the Mound-building cultures reflect geographic/natural forces?

Which of the following is a feature commonly found in karst landscapes? Select the three that apply

Which of the following religious traditions did not originate in China?

The three distinct regions that are widely considered part of the “Middle East” include all of the following EXCEPT: 

Which of the following was NOT an event that contributed to the emergence of Arab nationalism in the Middle East?