Homework Answers
43. Ans is 30
At equilibrium demand = supply
60-3p = 3p
60=6p
p= 10
Q= 3*10= 30
46. Ans - Income of household
49. Ans - Technological knowledge is excludable and General knowledge is not.
Technological knowledge is excludable because a patent makes specific technological knowledge excludable for other firms. General knowledge is not excludable .
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