16. (Figure: Consumers and Quantity of Good X I) Suppose there are only two consumers in the market for good X. The total quantity demanded in the market at a price of $3 is_ and the total quantity demanded in the market at a price of $12 is Price $20 15- 10- 5- Price $20 15 10 9 15 a. 20; 2 b. 20; 5 c. 6; 3 d. 18; 0 Consumer A D 6 8 10 12 14 16 18 20 Quantity of good X Consumer B 8 10 12 14 16 18 20 Quantity of good X

16. (Figure: Consumers and Quantity of Good X I) Suppose there are only two consumers in the market for good X. The total quantity demanded in the market at a price of $3 is_ and the total quantity demanded in the market at a price of $12 is Price $20 15- 10- 5- Price $20 15 10 9 15 a. 20; 2 b. 20; 5 c. 6; 3 d. 18; 0 Consumer A D 6 8 10 12 14 16 18 20 Quantity of good X Consumer B 8 10 12 14 16 18 20 Quantity of good X

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The following are the P/E ratios (price of stock divided by projected earnings per share) for 20 banks. 50, 19, 22, 21, 25, 18, 31, 21, 19, 14, 15, 18, 17, 34, 29, 23, 14, 18, 22, 22 Send data to calculator Find 20" and 75" percentiles for these ratios. (a) The 20th percentile: (b) The 75th percentile:| Continue Cip 40 4- %23 %24 3. 6. 7. R. 00 %24
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