If an asset is purchased at some initial time t=0 for $200 and sold at some time t > 0 in the future, the value of the sale is given by P(t) = (2t² + 14t+200)e-t/10, dollars. Find the stationary points of P(t) and determine their nature. Should the asset be purchased and, if so, when is the best time to sell it? Hint: The fact that e> 2.7 may be useful.]
If an asset is purchased at some initial time t=0 for $200 and sold at some time t > 0 in the future, the value of the sale is given by P(t) = (2t² + 14t+200)e-t/10, dollars. Find the stationary points of P(t) and determine their nature. Should the asset be purchased and, if so, when is the best time to sell it? Hint: The fact that e> 2.7 may be useful.]
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Solve the second part
![(a) The supply and demand equations for a good are
p-2q = 1 and p+ 2q = 9,
respectively. Find the equilibrium price and quantity.
A percentage [of the price] tax of 100r% is imposed. Find the new equilibrium price
and quantity. What fraction of the tax paid has been passed onto the consumer?
(b) If an asset is purchased at some initial time t = 0 for $200 and sold at some time t > 0
in the future, the value of the sale is given by
P(t) = (2t² + 14t+200)e-¹/10,
dollars. Find the stationary points of P(t) and determine their nature.
Should the asset be purchased and, if so, when is the best time to sell it?
[Hint: The fact that e> 2.7 may be useful.]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0212e7b8-a081-46c9-8d48-4f245b5f499f%2Fa53148d0-6576-478a-8cf4-6298242a30bc%2F9ot8u0b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(a) The supply and demand equations for a good are
p-2q = 1 and p+ 2q = 9,
respectively. Find the equilibrium price and quantity.
A percentage [of the price] tax of 100r% is imposed. Find the new equilibrium price
and quantity. What fraction of the tax paid has been passed onto the consumer?
(b) If an asset is purchased at some initial time t = 0 for $200 and sold at some time t > 0
in the future, the value of the sale is given by
P(t) = (2t² + 14t+200)e-¹/10,
dollars. Find the stationary points of P(t) and determine their nature.
Should the asset be purchased and, if so, when is the best time to sell it?
[Hint: The fact that e> 2.7 may be useful.]
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