d. Suppose a 5 0.4 and b 5 10. Determine the equilibrium pd , ps , and

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d. Suppose a 5 0.4 and b 5 10. Determine the equilibrium pd

, ps

, and xt when t 5 10. How do these compare to what we calculated for the quasilinear tastes in Section 19B.2.1 (where we assumed a 5 1,000 and b 5 10) graphed in Graph 19.10?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 05, 2024 10:00 AM

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d. Suppose a 5 0.4 and b 5 10. Determine the equilibrium pd , ps , and

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Microeconomics An Intuitive Approach With Calculus

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