The marginal demand of q A with respect to p A . The demand functions for q A and q B units of two related products, A and B , are given by q A = 600 − 4 p A + 6 p B and q B = 1200 + 8 p A − 4 p B . Assume that p A and p B are in dollars.

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Answer 1

Question

Chapter 14.3, Problem 28E

(a)

To determine

To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(b)

To determine

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(c)

To determine

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(d)

To determine

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(e)

To determine

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

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Answer 2

Question

Chapter 14.3, Problem 28E

(a)

To determine

To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(b)

To determine

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(c)

To determine

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(d)

To determine

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(e)

To determine

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

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Answer 3

Question

Chapter 14.3, Problem 28E

(a)

To determine

To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(b)

To determine

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(c)

To determine

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(d)

To determine

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(e)

To determine

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

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Answer 4

Question

Chapter 14.3, Problem 28E

(a)

To determine

To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(b)

To determine

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(c)

To determine

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(d)

To determine

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(e)

To determine

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

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Answer 5

Chapter 14.3, Problem 28E

(a)

To determine

To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(b)

To determine

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(c)

To determine

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(d)

To determine

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

(e)

To determine

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 6

Chapter 14.3, Problem 28E

(a)

To determine

To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 7

Chapter 14.3, Problem 28E

(a)

To determine

To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 8

(b)

To determine

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 9

(b)

To determine

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 10

(c)

To determine

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 11

(c)

To determine

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 12

(d)

To determine

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 13

(d)

To determine

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 14

(e)

To determine

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 15

(e)

To determine

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Answer 16

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Answer 17

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Answer 18

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Answer 19

Ch. 14.1 - CHECKPOINT 1. Find the domain of the function Ch. 14.1 - Prob. 1E Ch. 14.1 - Prob. 2E Ch. 14.1 - Prob. 3E Ch. 14.1 - Prob. 4E Ch. 14.1 - Prob. 5E Ch. 14.1 - Prob. 6E Ch. 14.1 - Prob. 7E Ch. 14.1 - Prob. 8E Ch. 14.1 - Prob. 9E

The marginal demand of q A with respect to p A . The demand functions for q A and q B units of two related products, A and B , are given by q A = 600 − 4 p A + 6 p B and q B = 1200 + 8 p A − 4 p B . Assume that p A and p B are in dollars.

Solution Summary: The author calculates the marginal demand of q_A with respect to

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To calculate: The marginal demand of qA with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

To calculate: The marginal demand of qA with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

To calculate: The marginal demand of qB with respect to pB. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

To calculate: The marginal demand of qB with respect to pA. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

Whether the two goods, A and B, are competitive or complementary. The demand functions for qA and qB units of two related products, A and B, are given by qA=600−4pA+6pB and qB=1200+8pA−4pB. Assume that pA and pB are in dollars.

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