Chapter16: Labor Markets
Section: Chapter Questions
Problem 16.10P
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THIS IS FOR MATHEMATICAL ECONOMIC CLASS
Question (2):
The market for disposable cell phones: Q = 2300 – 16p and Q = 1850 + 14p.
- Suppose that more consumers prefer the disposable cell phone over the smart phone because the disposable cell phone is more durable than the smart phone. This latest news comes after the fact that firms that manufacture disposable cell phones have the latest technology integrated into their production facilities. What will be the market effect?
- Going back to question (d), suppose that the price of a disposable cell phone is now set at $11.75. How many disposable cell phones will be demanded by consumers? Whichever curve you’ve determined should be shifted, derive the new function.
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WHY DID YOU COPY ANSWERS FROM PREVIOUS " QUESTION 2". I JUST SEND YOU TWO QUESTION, NOT a,b,c. THERE IS NO ANSWE FOR MY 2 QUESTIONS. ANSWER THESE TWO QUESTION IMMIDEATELLY.
THIS IS FOR MATHEMATICAL ECONOMIC CLASS
Question (2):
The market for disposable cell phones: Q = 2300 – 16p and Q = 1850 + 14p.
- Suppose that more consumers prefer the disposable cell phone over the smart phone because the disposable cell phone is more durable than the smart phone. This latest news comes after the fact that firms that manufacture disposable cell phones have the latest technology integrated into their production facilities. What will be the market effect?
- Going back to question (d), suppose that the price of a disposable cell phone is now set at $11.75. How many disposable cell phones will be
demanded by consumers? Whichever curve you’ve determined should be shifted, derive the new function.
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