Question: please help QUESTION 6 Consider the following demand and supply curves Q(P) =7755 - 145P Q. (P) = -231 +97P What is the equilibrium QUANTITY?
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QUESTION 6 Consider the following demand and supply curves Q(P) =7755 - 145P Q. (P) = -231 +97P What is the equilibrium QUANTITY? QUESTION 7 Suppose that the price for firm A's main product is $72 The marginal cost of producing the product is $19 Calculate the markup on price (or Lerner's Index) for this product. Note: Enter number as a decimal between -1 and 1 to at least four significant figures
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