Examlex
In a certain kingdom, the demand function for rye bread was q = 381 - 3p and the supply function was q = 5 + 7p, where p is the price in zlotys and q is loaves of bread. The king made it illegal to sell rye bread for a price above 32 zlotys per loaf. To avoid shortages, he agreed to pay bakers enough of a subsidy for each loaf of bread so as to make supply equal demand. How much would the subsidy per loaf have to be?
Milliliter
A unit of volume in the metric system, equal to one thousandth of a liter, commonly used to measure liquids.
Metric Equivalent
A conversion of measurements into the metric system, which is based on units of ten.
Milliliters
A metric unit of volume equal to one cubic centimeter, used commonly in liquid measurement.
Apothecary Measurement
A historical system of weight and volume units used primarily by pharmacists for the compounding and dispensing of medications.
Q2: An expected utility maximizer's preferences between two
Q3: Yoram's utility function is U(x, y) =
Q4: In East Icicle, Minnesota, on the northern
Q14: If there is a price increase for
Q15: On the planet Hyperion, every consumer who
Q16: If the elasticity of demand curve for
Q22: In the case of homothetic preferences, the
Q34: Holly consumes only goods X and Y.
Q48: Peter Morgan sells pigeon pies from his
Q95: In Gas Pump, South Dakota, every Buick