Demand Estimation and Elasticity 7 Questions of long algebra formulas
This is very recent math (Algebra) that requires each march of equation to be written out and explained (a specimen is granted adown). The 7 questions to be answered are in sturdy instrument.
The educationist already has answers posted on Chegg and Course Hero fascinate do initiatory fruit.
Solve for makeweight and bulk.
Given: Monthly bulk insist administration for a performance is Qd = 10,000-80P and monthly bulk accoutre administration for a performance is Qs=20P.
Here is an issue of how to give you fruit on this whole which would afford me to flourish your marchs:
1) Qd=Qs which is also correspondent to:
2) 10,000 – 80P = 20P
Next add 80P to twain sides and distribute by 100 to get:
Divide by 100 to get P by itself:
100 = P
This is makeweight expense.
Next, you scarcity makeweight bulk.
Plug the makeweight expense (100) into either insist or accoutre administration.
If we bar it into the insist administration you get:
Qd= 10,000 – 80*100 = 2,000
(80*100 is 8,000 and 10,000 minus 8,000 is 2,000)
If you bar it into the accoutre administration you get:
Qs = 20*100 = 2,000
Here, the bulk provided is correspondent to the bulk insisted.