{"id":69583,"date":"2022-06-07T21:39:32","date_gmt":"2022-06-07T21:39:32","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/eco-if-the-market-supply-function-of-a-commodity-is-qs\/"},"modified":"2022-06-07T21:39:32","modified_gmt":"2022-06-07T21:39:32","slug":"eco-if-the-market-supply-function-of-a-commodity-is-qs","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/eco-if-the-market-supply-function-of-a-commodity-is-qs\/","title":{"rendered":"Eco &#8211; if the market supply function of a commodity is qs"},"content":{"rendered":"<div>\n<p><span>If\u00a0the\u00a0market\u00a0supply\u00a0function\u00a0of\u00a0a\u00a0commodity\u00a0is\u00a0qs\u00a0=\u00a03,250\u00a0and\u00a0(a)\u00a0the\u00a0market\u00a0demand\u00a0<\/span><span>function\u00a0is\u00a0Qd\u00a0=\u00a04,750\u00a0\u00ad\u00a050P\u00a0and\u00a0P\u00a0is\u00a0expressed\u00a0in\u00a0dollars,\u00a0use\u00a0excel\u00a0to\u00a0calculate\u00a0what\u00a0the\u00a0<\/span><br \/><span>equilibrium\u00a0price\u00a0is\u00a0by\u00a0calculating\u00a0values\u00a0of\u00a0Qd\u00a0and\u00a0Qs\u00a0for\u00a0P\u00a0from\u00a025\u00a0to\u00a050\u00a0in\u00a01&#8217;s.\u00a0(d)\u00a0For\u00a0<\/span><br \/><span>(a)\u00a0\u2013\u00a0(c),\u00a0if\u00a0TC=0.005Q^2\u00adQ,\u00a0what\u00a0is\u00a0the\u00a0profit\u00a0in\u00a0each\u00a0case?<\/span><br \/><span>Revised\u00a0spreadsheet\u00a0problem\u00a01:\u00a0Just\u00a0answer\u00a0(a)\u00a0and\u00a01(d).\u00a0For\u00a0(d),\u00a0change\u00a0\u201cFor\u00a0(a)\u00a0to\u00a0(c)\u201d\u00a0\u00a0to<\/span><span>\u00a0\u201cFor\u00a0(a)\u00a0only.\u201d\u00a0Show\u00a0all\u00a0work\u00a0and\u00a0fill\u00a0out\u00a0spreadsheet.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If\u00a0the\u00a0market\u00a0supply\u00a0function\u00a0of\u00a0a\u00a0commodity\u00a0is\u00a0qs\u00a0=\u00a03,250\u00a0and\u00a0(a)\u00a0the\u00a0market\u00a0demand\u00a0function\u00a0is\u00a0Qd\u00a0=\u00a04,750\u00a0\u00ad\u00a050P\u00a0and\u00a0P\u00a0is\u00a0expressed\u00a0in\u00a0dollars,\u00a0use\u00a0excel\u00a0to\u00a0calculate\u00a0what\u00a0the\u00a0equilibrium\u00a0price\u00a0is\u00a0by\u00a0calculating\u00a0values\u00a0of\u00a0Qd\u00a0and\u00a0Qs\u00a0for\u00a0P\u00a0from\u00a025\u00a0to\u00a050\u00a0in\u00a01&#8217;s.\u00a0(d)\u00a0For\u00a0(a)\u00a0\u2013\u00a0(c),\u00a0if\u00a0TC=0.005Q^2\u00adQ,\u00a0what\u00a0is\u00a0the\u00a0profit\u00a0in\u00a0each\u00a0case?Revised\u00a0spreadsheet\u00a0problem\u00a01:\u00a0Just\u00a0answer\u00a0(a)\u00a0and\u00a01(d).\u00a0For\u00a0(d),\u00a0change\u00a0\u201cFor\u00a0(a)\u00a0to\u00a0(c)\u201d\u00a0\u00a0to\u00a0\u201cFor\u00a0(a)\u00a0only.\u201d\u00a0Show\u00a0all\u00a0work\u00a0and\u00a0fill\u00a0out\u00a0spreadsheet.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-69583","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/69583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=69583"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/69583\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=69583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=69583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=69583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}