a.) Consider the following two functions: y = 119 + 0.2x y = 498 - 0.05x What

Fantastic news! We've Found the answer you've been seeking!

Question:

a.) Consider the following two functions:

y = 119 + 0.2x

y = 498 - 0.05x

What is the value of x at the equilibrium?

b.) Suppose you have 2 equations:

(1) P = 2 + 10Q

(2) P = 5 - 2Q

Use the two equations to solve for the equilibrium. What is the price in equilibrium?

Select one:

a. 6.75

b. 4.5

c. 1/4

d. 6.2

Related Book For answer-question

Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

See More Books

Posted Date: Jan 20, 2023 11:03 PM

See More Questions

Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 15 percent return on your investment. (a) If you apply the payback criterion, which...
Consider the following two MA (I) processes yt = 1.2 + 0.8t1 + t yt = 1.2 + 1.25t1 + t What similarities/differences do you expect to see in their autocorrelations? Now, simulate 100 observations...
Consider the following two samples: Sample 1: 10, 9, 8, 7, 8, 6, 10, 6 Sample 2: 10, 6, 10, 6, 8, 10, 8, 6 (a) Calculate the sample range for both samples. Would you conclude that both samples...
Consider a single toss of a fair coin, and define X as the number of heads that come up on that toss. Then X can be 0 or 1, with a probability of 50 %. The expected value of X is 1/2 . Can we expect...
John and Katerina form JK Enterprises in the current year. John contributes $200,000 in cash for a 40% interest. Katerina contributes real estate valued at $480,000 and encumbered by a mortgage of...
You are working at a Trident Steel, a steel solution provider that manufactures steel for several industries, including construction, mining, and automotive industries. One of your immediate tasks is...
In 2008, California voters approved a state ballot initiative to ensure that chicken coops have more room. This led to a 2010 California state law requiring that, beginning in 2015, all eggs sold in...
Flexible-budget variances, review of Chapters. David James is a cost accountant and business analyst for Doorknob Design Company (DDC), which manufactures expensive brass doorknobs. DDC uses two...
1. 2. 3. 4. 5. At critical condition of temperature and pressure for a real gas, what would be the value of 16 Z? Here, Z is its compressibility factor. of species whose In the following list of...
Table 5.7 shows a small set of predictive model validation results for a classification model, with both actual values and propensities. a. Calculate error rates, sensitivity, and specificity using...
Find the 73%, 82% and 94% response time for the following system given: + 2 + 4y = U(t)
The rolling resistance for steel on steel is quite low; the coefficient of rolling friction is typically $\mu_{\mathrm{r}}=0.002$. Suppose a $180,000 \mathrm{~kg}$ locomotive is rolling at \(10...
The tune-up specifications of a car call for the spark plugs to be tightened to a torque of $38 \mathrm{~N} \cdot \mathrm{m}$. You plan to tighten the plugs by pulling on the end of a...
Raindrops are falling straight down at $12 \mathrm{~m} / \mathrm{s}$ when suddenly the wind starts blowing horizontally at a brisk $4.0 \mathrm{~m} / \mathrm{s}$. From your point of view, the...
The sweepers in a curling competition adjust the trajectory of the stone by In the winter sport of curling, players give a $20 \mathrm{~kg}$ stone a push across a sheet of ice. The stone moves...
Suppose that, while in a squatting position, you stand on your hands, and then you pull up on your feet with a great deal of force. You are applying a large force to the bottoms of your feet, but no...
For 2015, Walmart and Target had the following information (all values are in millions of dollars). Sales (Income Statement) (Income Statement) Cost of Goods Sold Accounts Receivable (Balance Sheet)...
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
Rework Problem 12.11, assuming the following additional information: The machine is classified as a seven-year MACRS recovery period. The tax rate is 40%, and the after-tax MARR is 10%. Data From...
Consider the following two mutually exclusive investment projects: Which project would you select if you used the infinite planning horizon with project repeat ability likely (same costs and...
A local government is considering promoting tourism in the city. It will cost $5,000 to develop a plan. The anticipated annual benefits and costs are as follows: Annual benefits: Increased local...
When GTE Sylvania discovered it was losing market share to other television manufacturers, it developed a franchise plan that limited the number of retailers selling its product in each area....
Megan Murphy and Joseph McGoldrick began dating in July 2010 and eventually decided to marry. In late 2016, Megan and Joseph decided to purchase a home for $$205,000.$ Because Joseph had the...
Nelson Rodriguez and Belinda Georgeson had a daughter together and had been living together since some time in 2012. In June 2015, Rodriguez became physically abusive with Georgeson. Rodriguez was...

a.) Consider the following two functions: y = 119 + 0.2x y = 498 - 0.05x What

Question:

Expert Answer:

100001 3 9 Y 119 02x Y 49800SX ... View the full answer

Fundamentals of Engineering Economics

Students also viewed these marketing questions