a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pd = -(q + 4)2 + 100 and ps = (q + 2)² respectively. 6- 4- Showing all supporting working: b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region. 2.

a. Estimate the equlibrium price and quantity of the market whose demand and supply functions are pd = -(q + 4)2 + 100 and ps = (q + 2)² respectively. 6- 4- Showing all supporting working: b. If the region A (shaded grey) in the diagram above represents a solution set, derive the system of inequalities which define that region. 2.

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 23EQ: 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...

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