Contemporary Engineering Economics (6th Edition)
Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Chapter 5, Problem 46P

(a):

To determine

Calculate the present worth.

(b):

To determine

Calculate the new present worth.

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How does the change in consumer and producer surplus compare with the tax revenue?
Considering the following supply and demand equations: Qs=3P-1 Qd=-2P+9 dPdt=0.5(Qd-Qs) Find the expressions: P(t), Qs(t) and Qd(t). When P(0)=1, is the system stable or unstable? If the constant for the change of excess of demand changes to 0.6, this is: dPdt=0.6(Qd-Qs) do P(t), Qs(t) and Qd(t) remain the same when P(0)=1?
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