Q1... Assume that you have the following equations: 4P+4Q=16 2P-Q=2 The equilibrium price is: a. P=5 b. P=6 c. P=2 d. P=4 e. None of the above Q2 ... Find and classify the stationary points of y=In 2x - 2x a. maximum at (-1,0.5) b. maximum at (0.5,-1) c. minimum at (0.5 ، -1) d. minimum at (-1,0.5)

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
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Chapter3: Supply And Demand: Theory
Section: Chapter Questions
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Q1... Assume that you have the following equations: 4P+4Q=16 2P-Q=2 The equilibrium price is: a. P=5 b. P=6 c. P=2 d. P=4 e. None of the above

Q2 ... Find and classify the stationary points of y=In 2x - 2x a. maximum at (-1,0.5) b. maximum at (0.5,-1) c. minimum at (0.5 ، -1) d. minimum at (-1,0.5)

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