Questions tagged [equilibrium-price]

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Explain what will most likely happen to the economy of Mayland as a result of Prince Willie action and show the result on the graph and long run [closed]

The economy of Mayland is currently at a long run equilibrium. Prince Willie of Mayland has decided that he wants the economy to grow and has ordered the Central Bank of Mayland to print more currency ...
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Analytical approach to estimate equilibrium price for Real Estate Property

I am looking to calculate the equilibrium price, i.e an optimal price that I can set without affecting demand and maximize revenue. I've gathered historical data: occupancy rates, asking rents for ...
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34 views

Profit maximization, when $MC = P$, in a simple supply table and curve

Our economics school book states that the profits of a company are maximized when MC = P. However, I am having some trouble wrapping my head around that. For example, I have the following exercise: ...
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Time-dependent market-clearing equilibrium price

I'm working my way through Chiang and Wainwright's Fundamental Methods of Mathematical Economics (4th ed) while holed up at home. On p. 532, in exercise 16.4 2. (b), the authors ask you to find the ...