Assume a supply equation:Q = 0.1p-0.02p; + 0.01N + 0.01T – 0.1wwhere:p= own priceP; = price of an input = $150Q = quantity supplied(thousands of units)N = number of firms = 100T= index of technology = 300w = wage rate = $10The quantity supplied as a function of the price can be written:Q=0If the price of the good is $19, what would be the quantity supplied?thousand units. (enter a real number roundedone decimal place)ReactioétvMacBook Air80DIIDDF1F2F3F4F5F6F7F9F10F11!@#3$&*478QWEYU{AFGHJKくCVNMtioncommandcommandoption.. .-ーのD

Supply equation: Q=0.1p-0.02pi+0.01N+0.01T-0.1w Given values: pi=150 N=100 T=300 w=10 Putting these…

Assume a supply equation: Q = 0.1p -0.02p; + 0.01N + 0.01T- 0.1w where: p = own price Q = quantity supplied (thousands of units) P; = price of an input = $150 N= number of firms = 100 T= index of technology = 300 w = wage rate = $10 The quantity supplied as a function of the price can be written: Q = If the price of the good is $19, what would be the quantity supplied? thousand units. (enter a real number rounded to one decimal place)

Assume a supply equation: Q = 0.1p -0.02p; + 0.01N + 0.01T- 0.1w where: p = own price Q = quantity supplied (thousands of units) P; = price of an input = $150 N= number of firms = 100 T= index of technology = 300 w = wage rate = $10 The quantity supplied as a function of the price can be written: Q = If the price of the good is $19, what would be the quantity supplied? thousand units. (enter a real number rounded to one decimal place)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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