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Elasticity Calculation 0Afa58
1. **Problem Statement:** We are given a 5% decrease in the price of chocolate sauce, which causes a 10% increase in the quantity demanded of chocolate sauce and a 15% increase in
Income Elasticity B7703D
1. **بيان المسألة:** عندما زاد دخل جودي من 130 إلى 170 في الأسبوع، زاد طلبها على تذاكر الحفلات بنسبة 15% وقلل طلبها على ركوب الحافلات بنسبة 10%.
Income Elasticity 2C4690
1. **Problem Statement:** Judy's income increased from 130 to 170 per week. Her demand for concert tickets increased by 15%, and her demand for bus rides decreased by 10%. We need
Neutral Demand C16050
1. Сформулюємо задачу: потрібно знайти мінімальне значення ціни $P$, при якому попит $Q(P) = 40 - 5P$ буде нейтральним. 2. Пояснимо, що означає "нейтральний" попит. Зазвичай нейтра
Profit Maximization 47E64D
1. **Problem Statement:** We need to find the profit maximization for a steel firm producing $S$ units of steel and $x$ units of pollution.
Equilibrium Price Feebd5
1. **問題陳述**: 我們有需求函數 $p(x) = x^2 + 16$ 和供給函數 $p(x) = -x^2 + 88$,其中 $x > 0$。
Additional Revenue F959Dd
1. **State the problem:** We are given the marginal revenue function $$MR(x) = 4x^3 - x^2 + 3x^2 - 4$$ (in hundreds of dollars) for selling $$x$$ hand-built bicycles. We need to fi
Mp Ratio Verification 71Ca10
1. The problem involves verifying the equality \( \frac{MP_k}{P_k} = \frac{MP_l}{P_l} \) given the production function \( P = 12kl \) and marginal products \( MP_k = \frac{\partial
Equilibrium Price E91A1E
1. **State the problem:** Find the equilibrium price and quantity where demand equals supply. 2. **Given functions:**
Economic Quadratics 4Bf55B
1. A company finds that its profit $P(x)$ in thousands of dollars from producing $x$ units of a product is given by the quadratic function $$P(x) = -5x^2 + 300x - 2000.$$ Find the
Price Index Food 41Cec5
1. Problem: Compute various price indices using the given food basket prices for years 1985, 1990, and 1995. 2. Formula: The simple price index for an item is given by
Keseimbangan Pasar E7F4F7
1. **Stating the problem:** We are given a table of Harga (price in thousands of Rupiah), Jumlah Permintaan (Qd), and Jumlah Penawaran (Qs) for coffee sales. We need to find the ma
Price Elasticity 7Fffc3
1. The problem asks to find the price elasticity of demand between the equilibrium price and the new price. 2. The formula for price elasticity of demand (PED) is:
Subsidi Equilibrium F72F07
1. **Nyatakan masalah:** Diketahui fungsi permintaan $P = -Q + 15$ dan fungsi penawaran $P = 0.5Q + 9$. Pemerintah memberikan subsidi sebesar 6 untuk setiap unit barang. Kita dimin
Average Marginal Product 6C947B
1. **Problem Statement:** Calculate the Average Product of Labor (AP_L) and Marginal Product of Labor (MP_L) from the given Total Product (TP) data.
Cout Main Oeuvre A49B39
**1. Le chercheur compare les coûts pour estimer le coût de la main-d’œuvre familiale.** Imagine que la famille travaille comme les salariés, alors on regarde combien coûterait leu
Piedāvājuma Elastība 8E4Ebc
1. **Stating the problem:** We want to calculate the price elasticity of supply, which measures how much the quantity supplied of a good changes in response to a change in its pric
Equilibrium Price 6Fc8E7
1. **Problem Statement:** Find the equilibrium price $P$ and quantity $Q$ given demand $Q_d = 50 - 2P$ and supply $Q_s = -10 + 3P$. 2. **Formula and Rules:** At equilibrium, quanti
Economic Math Tools 382509
1. The problem is to apply advanced mathematical tools such as Matrix Algebra, Markov Chains, Leontief Models, National Income Models, and the IS-LM Model to analyze economic syste
Cobb Douglas Labor 18Ffe2
1. **State the problem:** Given the Cobb-Douglas production function $$Y = A \sqrt{K} \sqrt{L}$$ with $$A=12$$, $$K=36$$, and labor $$L$$ varying from 6 to 13 units, find the Total
Cobb Douglas Labor 3Ccf77
1. **State the problem:** We are given a Cobb-Douglas production function with productivity of resources $A=12$, capital $K=36$, and labor $L=4$. We need to find the total producti