Mathematics, 20.01.2020 17:31, lokijuhygtfrdfghj
In a particular geographical area, the demand function for each person i for a particular good is qi^d=100+0.2ii-9p
where qid is quantity demanded for person i, ii, is person i's income, and p is the commodity's price. (note that p is constant across individuals, since all individuals face the same price. therefore no i subscript is needed.) for the firms in this area the supply function for this good is
qsj = -50 + 20 p
where qjs is the quantity supplied of the good by firm j. (note that a different subscript is needed. why? )
there are 5 firms and 100 consumers. total income of the consumers is $100,000. equilibrium occurs where
100 5
î£ qid= î£qjs
i=1 i=1
(i. e., market demand equals market supply). find the equilibrium price.
Answers: 3
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The circumference of a circle is 5 pi cm. what is the area of the circle?
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Which of these equations, when solved, gives a different value of x than the other three? a9.1 = -0.2x + 10 b10 = 9.1 + 0.2x c10 – 0.2x = 9.1 d9.1 – 10 = 0.2x
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The area (a) of a circle with a radius of r is given by the formula and its diameter (d) is given by d=2r. arrange the equations in the correct sequence to rewrite the formula for diameter in terms of the area of the circle.
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In a particular geographical area, the demand function for each person i for a particular good is qi...
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