f. ** Suppose A 5 1000, a 5 10, c1 5 20, and c2 5 40. Use
Question:
f. ** Suppose A 5 1000, a 5 10, c1 5 20, and c2 5 40. Use your results from parts
(a) through
(e) to calculate the equilibrium outcome in each of those cases. Illustrate your answer in a table with p, x1
, and x2 for each of the cases. Do the results make intuitive sense?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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