21 Jul WHAT IS THE PROFIT OR LOSS?
Qsx Show more Week #3 TSE #4: Solve the following equations for equilibrium price and quantity. Qdx = 10 -2Px Qsx = 5 + 3Px Solve the following equation for Qdx: Given Qdx = 1000 -2Px + 4Py -2Pz +10Yn -3Yi + 6T + 8#B + 4Exppy : Py (price of substitute good y) = $10 Pz (price of complementary good z) = $2 Yn (income for a normal good) = $200 Yi (income for an inferior good) = $20 T (Tastes) = $50 #B (number of buyers) = $30 Exppy (expectations of changes in prices and incomes) = $40 Px (price of the good itself) = $100 Solve the following equation for Qsx: Qsx = 10 +2Px 3C + 4 #S + 5 Tech Given: C (Costs) = $1000 #S (number of sellers) = 500 Tech (Technology factor) = 40 Px (price of the good itself) = $100 Solve the following equation for equilibrium price and quantity given the above demand and supply equations. (Hint: you will know the answer is correct when the equilibrium quantity demanded equals the equilibrium quantity supplied) 5. Is the firm in question 4 profitable? What is the profit or loss? Week #3 CTE Chapter #3 Exercises for the term Paper Continue to research your product and the variables that bound your paper. Provide an annotated (explanation sentences) outline for the introduction and methodology of your paper. Start gathering data for you variables and the paper. Show less
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