Tuesday
April 21, 2015

Homework Help: Managerial Economics

Posted by Kashif on Monday, February 1, 2010 at 1:02am.

Given the demand & supply Function for product 'x' at california university have been estimated as:

Qd= 5000- 4 (price)+ 0.2 (pop)
Qs=-300 +5 (price)+ 0.5 (wage rate)

i) determine the equilibrium price & quantity of product X.

ii) Derive the demande & supply curves if pop=10,000 & wage rate is = $ 200/week

iii) At what price, the buyers (Sellers )would purchase (sell) zero Unit of X?

iv) What will be the quantity demand & quantity supplied if product X becomes a FREE GOOD?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - 3. Suppose a firm has a constant marginal cost of $10. The current ...
economics - Suppose the supply and demand for milk is described by the following...
Economics - Annual demand and supply for the Entronics company is given by: QD...
economics - Given the business situation of Mrs. Acres Homemade Pies (p. 30) and...
economics - Given the business situation of Mrs. Acres Homemade Pies (p. 30) and...
ECONOMICS - The following relations describe the supply and demand for posters. ...
economics - 1. Suppose that the market of laptops is given by following supply ...
managerial economics - Exercise 1 The marketing manager has estimated the ...
Managerial Economics - The following relations describe the supply and demand ...
finite - 1. Alabama State University’s Bookstore has determined that the supply...

Members