2. The demand and supply functions of a gcod are given by P = -Qd + 125, 2P =3Qs + 30. Determine the equilibrium price and quantity. Determine ako the effect onthe market equilibrium if the govemment decides to impose a fixed tax of GHC5 on eachgood Who pays the tax? (p = 81, q = 44, then p = 83, q = 42)3. If fixed costs are 18, variable costs per unit are 4, and the demand function is P = 24 -2Q. Obtain an expression for n in terms of Q and hence sketch a graph of n against Q.a) For what values of Q does the firm break even? (q = 1 or 9)b) What is the maximum profi? (n = 32 at q = 5)4. Given the supply and demand functionsP = Q? + 12Q, + 32,P = -Qå - 4Qa + 200,Calculate the equilibrium price and quantiy. (p = 140, q = 6)

As you have not mentioned the exact question to answer as per our policy I am answering second…

2. The demand and supply functions of a gcod are given by P = -Qd + 125, 2P = 3Qs + 30. Determine the equilibrium price and quantity. Determine ako the effect on the market equilibrium if the govemment decides to impose a fixed tax of GHc5 on each good Who pays the tax? (p = 81, q = 44, then p = 83, q = 42)

2. The demand and supply functions of a gcod are given by P = -Qd + 125, 2P = 3Qs + 30. Determine the equilibrium price and quantity. Determine ako the effect on the market equilibrium if the govemment decides to impose a fixed tax of GHc5 on each good Who pays the tax? (p = 81, q = 44, then p = 83, q = 42)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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