Answered: How do you solve a problem similar to…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How do you solve a problem similar to this? I’m confused on how to solve to find the quantity when you have the other variables. (Q1-15)-Q1/ ((Q1-15)+Q1)/2 = -30.30

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Step 1

$\frac{(Q 1 - 15) - Q 1}{(\frac{(Q 1 - 15) + Q 1}{2}}) = - 30.30 \frac{2 [(Q 1 - 15) - Q 1]}{(Q 1 - 15) + Q 1} = - 30.30 2 Q 1 - 30 - 2 Q 1 = - 30.30 ((Q 1 - 15) + Q 1) - 30 = - 30.30 Q 1 + 454.5 - 30.30 Q 1 30.30 Q 1 + 30.30 Q 1 = 454.5 + 30 60.60 Q 1 = 424.5 Q 1 = 363.9$

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