Suppose the market demand for ethanol is upper q superscript upper dqdequals=6060minus−88p and market supply of ethanol is upper q superscript upper sqsequals=2020plus+1212p.
if the government institutes a price ceiling of $1.801.80, what is the effect on economic efficiency? the price ceiling will create deadweight loss of $nothing.

(enter your response rounded to two decimalplaces.)

Ahospital purchases a $500,000 magnetic resonance imaging (mri) machine that has a useful life of 9 years. the salvage value at the end of 9 years is $77,000. (a) write a linear equation that describes the value y (in dollars) of the mri machine in terms of the time t (in years), 0 ≤ t ≤ 9. (b) find the value, in dollars, of the machine after 6 years. $ (c) find the time, in years, when the value of the equipment will be $140,000. (round your answer to two decimal places.) yr