International Edition---microeconomics, 9th Edition
9th Edition
ISBN: 9780134674551
Author: Robert Pindyck And Daniel Rubinfeld
Publisher: PEARSON
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Chapter 4, Problem 12RQ
To determine
The difference between a positive and negative externality network.
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The following figure shows the demand curve for good x for an agent whose demand function for this good is Qx(px,py,W)=W/(3px). The figure is a two-axis graph in which the horizontal axis measures Qx and the vertical axis measures px. The demand curve shown, in blue, is a downward sloping curve. It passes through the point (10,4).
Then the value of W for the demand curve shown is?
100
110
40
120
10
Consider a hypothetical consumer named Hayden who is shopping for bread and brie. The graph with bread and brie on the axes presents the utility‑maximizing combinations of bread and brie that Hayden chooses when the price of bread is $1.00$1.00 per loaf and the price of brie is $4.00$4.00 and $6.00$6.00 per wheel, respectively. The other graph shows Hayden's demand curve for brie.
The two points and associated values in the graph for bread and brie combinations correspond to points A and B in the graph of the demand curve for brie. What are the specific prices and quantities of brie associated with points A and B on Hayden's demand curve?
price of brie at point A: $$
quantity demanded at point A:
price of brie at point B: $$
quantity demanded at point B:
The following figure shows the demand curve for good x for an agent whose demand function for good y is Qy(px,py,W)=3W/(px+3py). The agent’s preferences satisfy more is better. The figure is a two-axis graph in which the horizontal axis measures Qx and the vertical axis measures px. The demand curve shown, in blue, is a downward sloping curve. It passes through the points (56,2) and (70,1).
What is the value of W in the curve shown in the figure?
220
320
280
360
200
Chapter 4 Solutions
International Edition---microeconomics, 9th Edition
Ch. 4.A - Prob. 1ECh. 4.A - Prob. 2ECh. 4.A - Prob. 3ECh. 4.A - Prob. 4ECh. 4.A - Prob. 5ECh. 4 - Prob. 1RQCh. 4 - Prob. 2RQCh. 4 - Prob. 3RQCh. 4 - Prob. 4RQCh. 4 - Prob. 5RQ
Ch. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Prob. 10RQCh. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 1ECh. 4 - Prob. 2ECh. 4 - Prob. 3ECh. 4 - Prob. 4ECh. 4 - Prob. 5ECh. 4 - Prob. 6ECh. 4 - Prob. 7ECh. 4 - Judy has decided to allocate exactly 500 to...Ch. 4 - The ACME Corporation determines that at current...Ch. 4 - Prob. 10ECh. 4 - Prob. 11ECh. 4 - Prob. 12ECh. 4 - Prob. 13ECh. 4 - Prob. 14ECh. 4 - Prob. 15ECh. 4 - Prob. 16E
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