AACSB: Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Demand 107. Given a linear supply function of the form QXS = -10 + 5PX, find the inverse linear supply function. AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Supply 108. Given a linear supply function of the form QXS = 3,000 + 3PX - 2Pr - Pw, find the inverse linear supply function assuming Pr = $1,000 and Pw = $100. Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Supply 109. Suppose the market demand for good X is given by QXd = 20 - 2PX. If the equilibrium price of X is $5 per unit then consumer surplus is
AACSB: Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Demand 107. Given a linear supply function of the form QXS = -10 + 5PX, find the inverse linear supply function. AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Supply 108. Given a linear supply function of the form QXS = 3,000 + 3PX - 2Pr - Pw, find the inverse linear supply function assuming Pr = $1,000 and Pw = $100. Analytic Blooms: Apply Difficulty: 2 Medium Learning Objective: 02-01 Explain the laws of demand and supply; and identify factors that cause demand and supply to shift. Topic: Supply 109. Suppose the market demand for good X is given by QXd = 20 - 2PX. If the equilibrium price of X is $5 per unit then consumer surplus is
Test-Bank-Managerial-Economics-and-Business-Strategy-8th-Edition-Baye.docx