2. Suppose an airline announces that its earnings this year are lower than expected due to reduced ticket sales. The airline spokesperson gives na information on how the company plans to turn things D=7 F=7 C=2 around, he only mentioned that the current demand curve is given by p² – q – 8 p = 0 and the supply curve is given by 4q + 16p – 8p³ = 4p² a. Find the equilibrium points of the airline b. Find the Choke price

Q: 1. Teddy J is a manufacturer of dish washing liquid . If his monthly demand function for 750ml size…

A: Since not a particular question asked as per guidelines solution to only first question i.e Q1 is…

Q: 9. Suppose you sell Dried Chile Mangoes and Biscochitos, each by the pound. Your profit function is…

A: Let x represents the pounds of chile mangoes sold and y represents the pounds of biscochitos sold.…

Q: Suppose Cov(X,Y) = 281. What is Cov(0.76X, 0.43Y)?

A: The objective of the question is to find the covariance of the two variables 0.76X and 0.43Y given…

Q: The population dynamics of many fish species (such as salmon) can be described by the Ricker curve:…

A: Solve by using condition of Maxima.

Q: Given the demand and supply functions by: p + q²= 1000 and p- 25q = 50, respectively. If a $50 tax…

A:

Q: Suppose that the long-lasting light bulb supply equation is given by p = 1.04 q- 7.03 and that the…

A: At equilibrium quantity demanded is equal to quantity supplied.

Q: After extensive surveys, the research department of a company has determined that the supply and…

A: The supply equation is ,s(p)=500p-19500The demand equation is,d(p)=20000p

Q: In 1956, M. King Hubbert proposed a model to analyze crude oil production.† His model, with updated…

A: The world crude oil production model is given as P=254.43e-0.042t1+2.12e-0.042t2, where P is…

Q: 2. Suppose the own price elasticity of demand for good X is -2, its income elasticity is 3, and the…

A: Price Elasticity of Demand: The price elasticity of demand is defined as the value of the ratio of…

Q: x² + ax - 2bx - 2ab – x - 2ax2 - 2bx2 dx x* + ax² – 2bx2 - 2abx

A:

Q: A camera company estimates that the demand function for its new digital camera is p = 275e-0.159 and…

A:

Q: Consider the basic macroeconomic model: Y=C+I and C = a + by where Y is GDP, C is consumtion and I…

A:

Q: If D(p)=5400-60p and S(p) = 400+40p are demand and supply functions, respectively, find the…

A:

Q: Consider the following model of a firm. The firm can sell any number of units at the constant price,…

A: The objective of the question is to calculate the profit of a firm given the price per unit, the…

Q: A firm faces a demand function of the form P = 90 – 2Q? (a) Plot the graph for their total revenue…

A:

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.