Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 12, 2024

The supply function for a particular commodity is S(x) =x3 + 9 and the demand function for the same is D(x) =45 -3 x3. Find

The supply function for a particular commodity is S(x) =x3 + 9 and the demand function for the same is D(x) =45 -3 x3. Find the equilibrium value 'q ' and the corresponding equilibrium price pe . Pe= S Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra A Modern Introduction

Authors: David Poole

4th edition

1285463242, 978-1285982830, 1285982835, 978-1285463247

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Suppose three economies are hit with the same temporary negative supply shock. In country A, inflation initially rises and output falls; then inflation rises more and output increases. In country B,...

Answered: 1 week ago

Question

★★★★★

Try to take a screen shot and make it bigger There are 3 files information how can i show you that The 25x25 table you see on the "Solution Space' tab in the 'Final Project Data.xlsx' file is the...

Answered: 1 week ago

Question

★★★★★

6.1 Why are more firms jumping on the cause-related marketing bandwagon?

Answered: 1 week ago

Question

★★★★★

Hopewell Shipping Corporation is an overnight shipper. Since it sells on credit, the company cannot expect to collect 100% of its accounts receivable. At October 31, 2018, and 2019, respectively,...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

A 50 kg rocket sits on a launch pad. At the end of the countdown, the rocket exerts a force of 1200 N to accelerate upwards. a. Draw a free-body diagram of the rocket before its engines are fired. b....

Answered: 1 week ago

Question

★★★★★

Information on Westcott Company's direct labor costs for a recent month follows: Standard direct labor rate........ Actual direct labor rate............ P 3.75 P 3.50 Total standard direct...

Answered: 1 week ago

Question

★★★★★

A student is in a stationary hot-air balloon that is momentarily fixed at 1325 ft above a piece of land. The pilot looks down 45 o (from horizontal) and turns laterally 360 o . Find: a) How many...

Answered: 1 week ago

Question

★★★★★

1. Sweet Corporation produces syrup which it sells to candy factories. On June 1 it started production of 10,000 gallons of syrup and completed production for 8,000 gallons. The costs of the...

Answered: 1 week ago

Question

★★★★★

Analyse organisational politics in terms of the following : Why they arise and exist;the consequences on organizations and the effective management thereof. Support your analysis with examples from...

Answered: 1 week ago

Question

★★★★★

> library(class) A > train.x-cbind(Lag1,Lag2) [train,] > test.x-cbind(Lag1,Lag2) [!train,] > train. > Direction-Direction[train] > set.seed(1) > knn. pred knn(train. x, test.x, train. Direction, k=1)...

Answered: 1 week ago

Previous Question Next Question