We still study the markets for video-games (V) and website development (W) with supply and demands:Sv=Pv - Pw• Dv 10- Pv•• Dw s0 - PwSwPw - a* PvFind the equilibrium prices in this market, in terms of parameters s0 and a.2s0+10aPu=$0+204-a4-a$0+20PU =Pv=Pv=250+204-aand Pw=2s0-10a4-a2s0+10a4-aand Pw=and Pw=and Pw=$0-204-a$0+204-a

Supply of video game : Sv = Pv - Pw Demand of video game ; Dv = 10 - Pv Supply of web development…

We still study the markets for video-games (V) and website development (W) with supply and demands: • Sv=Pv - Pw • Dv = 10 - Pv • Sw=Pw - a*Pv • Dw=s0 - Pw Find the equilibrium prices in this market, in terms of parameters s0 and a. 2s0+10a Pv= $0+20 4-a 4-a 250+20 $0+20 Pv= and Pw= and Pw=

We still study the markets for video-games (V) and website development (W) with supply and demands: • Sv=Pv - Pw • Dv = 10 - Pv • Sw=Pw - a*Pv • Dw=s0 - Pw Find the equilibrium prices in this market, in terms of parameters s0 and a. 2s0+10a Pv= $0+20 4-a 4-a 250+20 $0+20 Pv= and Pw= and Pw=

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

We still study the markets for video-games (V) and website development (W) with supply and demands:
Sv=Pv - Pw
• Dv 10- Pv
•
• Dw s0 - Pw
SwPw - a* Pv
Find the equilibrium prices in this market, in terms of parameters s0 and a.
2s0+10a
Pu=
$0+20
4-a
4-a
$0+20
PU =
Pv=
Pv=
250+20
4-a
and Pw=
2s0-10a
4-a
2s0+10a
4-a
and Pw=
and Pw=
and Pw=
$0-20
4-a
$0+20
4-a

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