The equilibrium price of the given demand and supply functions is p = 30log (xp) – 3 p = 29log (xs) + 1 Select one: O a. 2 O b. 30 c. 225 O d. 255 O e. None of the above

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Q: Consider the supply function Q=f(P) defined by 2Q-10P=20. If the function is plotted with P on the…

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Q: Qa₁ = 50-2P₁ +2P₂ Qd2 = 120-4P₁ +6P3 Qd3 = 150+ P₂ – 2P3 - Qs1 = 2 + P₁ Qs2 = 3P₂-2P₁ Qs3 = 4P3-2P₁

A:

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Q: Suppose a gas station has the linear demand function D(p) = 1200 – 200p. According to this function,…

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A: Solution

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Q: In the long run, you are given the following: The total revenue curve is TR = -2Q2 + 62Q + 240. The…

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Q: Consider the supply function Q=f(P) defined by 2Q-10P=20. If the function is plotted with Q on the…

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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.