You have recently been hired in a firm that is the sole distributor of water to consumers in your country. You obtain the following information about the demand and production
costs:
Demand: P = 1,000 – 10Q
Marginal Cost: MC = 100 + 10Q
where Q indicates the number litres of water supplied and P is the price in dollars.
i. Find the price and quantity that maximizes the company’s profit. [5 marks]
ii. Now find the price and quantity that would be produced in a perfectly competitive
market.

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Personal financial planning is the process of creating and achieving financial goals? true or false

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?