Results 1 to 1 of 1

Math Help - 4 Problems that I need not only the answers two,but guidance as to how to solve

  1. #1
    Newbie
    Joined
    Feb 2013
    From
    United States
    Posts
    1

    4 Problems that I need not only the answers to,but guidance as to how to solve

    all,

    Here they are I just have no clue if I'm being honest and I need to know answers and HOW!!!

    From the following equation, find the values of income Y and consumption spending C, when:


    From the following equation, find the values of income Y and consumption spending C, when:

    Y = C + I + G Income
    C = 18 + 0.8Y Consumption expenditure
    I = 12 Investment expenditure
    G = 10 Government expenditure
    Y = Equilibrium level of income <-----32 is showing up for some reason but shouldn't be

    Given the level of income Y, what is the level of consumption expenditure?

    C =

    _________________
    A firm buys two inputs, labor L and capital K, the total amount of which cannot exceed 100. The wage is $8, and the rental rate is $10. The firm can at most spend $840 on the two inputs.

    This data can be summarized in the following equations:

    Input limit: K + L = 100

    Budget limit: 8L + 10K = 840

    What are the quantities of two inputs the firm must buy in order to produce a maximum output, given input and budget constraints?

    L= <---NOT RIGHT

    K= <---NOT RIGHT

    __________________________________________________ _____

    The demand for coffee is given by the following equation, where QD stands for the quantity demanded and P stands for price.

    QD = 100 - 4P

    The supply of coffee is given by the following equation, where QS stands for the quantity supplied and P stands for price.

    QS = 10 + 2P







    6.
    value:
    1.00 points





    a. What is the slope of demand? Slope =

    b. At what price is quantity demanded equal to zero? P =

    c. What is the slope of supply?

    Slope =

    d. At what price is quantity supplied equal to zero?

    P =

    e. In the diagram below use the line tool to plot the demand and supply curves using the original equations and your values for the intercepts and slopes of each equation.

    Instructions: Select the tool "Demand" to plot the demand curve such that the endpoints touch each axis (where P = 0 and Q = 0). Select the tool "Supply" to plot the supply curve using the vertical intercept for one endpoint and the other point located at a value of Q = 100.




    rev: 11_24_2011
    check my work







    7.
    value:
    10.00 points





    f. What are the equilibrium price and quantity of coffee?

    Equilibrium price =

    Equilibrium quantity =
    Last edited by thatjustinclark; February 16th 2013 at 02:49 PM. Reason: typo
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. 2 problems I need urgent answers for!
    Posted in the Advanced Algebra Forum
    Replies: 3
    Last Post: March 8th 2010, 07:54 PM
  2. Replies: 0
    Last Post: February 1st 2010, 06:09 AM
  3. What are the answers to these problems?
    Posted in the Pre-Calculus Forum
    Replies: 2
    Last Post: September 12th 2009, 12:21 PM
  4. Replies: 0
    Last Post: March 30th 2009, 12:10 PM
  5. [SOLVED] [SOLVED] Need guidance in getting to solve a PERT question
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: November 9th 2006, 03:07 PM

Search Tags


/mathhelpforum @mathhelpforum