The general demand function is: Qd=,3,500-10P+0.05M-20PX where: M=70,000 Px=250

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The general demand function is:
Qd=,3,500-10P+0.05M-20PX
where: M=70,000
Px=250
1. Determine the equation for
Demand. l
2. Plot the new demand curve on
graph (
if Price:
200
180
160
140
120
100
80
60
40
20
3. Determine inverse demand
function..
1. Add File
Transcribed Image Text:The general demand function is: Qd=,3,500-10P+0.05M-20PX where: M=70,000 Px=250 1. Determine the equation for Demand. l 2. Plot the new demand curve on graph ( if Price: 200 180 160 140 120 100 80 60 40 20 3. Determine inverse demand function.. 1. Add File
Using a discount rate of 6.5 percent,
calculate the present value of a 100,000
profit payment to be received at the end
of 3 years
ANSWER FORMAT: 1,000.00 OR
100,000.00 no peso sign
Your answer
When demand is elastic, If Increases in *
Price will lead to
to Total
Revenue
ANSWER FORMAT: all small letters.
Your answer
Transcribed Image Text:Using a discount rate of 6.5 percent, calculate the present value of a 100,000 profit payment to be received at the end of 3 years ANSWER FORMAT: 1,000.00 OR 100,000.00 no peso sign Your answer When demand is elastic, If Increases in * Price will lead to to Total Revenue ANSWER FORMAT: all small letters. Your answer
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