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1. Find the derivative with respect to x for the following functions. a. f (x)= ax3+ bx2+x;b. f(x)=ax ln x;
2. What is the price elasticity of the demand curve Q (p) = a - bln (p)?
3. Suppose that the demand for water balloons fit the function D(p,ps)= .2 p-0.5ps-0.2; where p is the price of water balloons and ps is the price of super soakers (an advanced squirt gun technology). Based upon this demand curve, are super soakers a compliment or a substitute for water balloons? Demonstrate why.
4. Suppose that the current price of oil is $60 per barrel and the quantity sold is 90 million barrels per day. Assume that the supply and demand curves for oil are linear. The current estimates of the price elasticity of supply and demand in the U.S. are η = 1 and ε = - .2 respectively. Assume that the supply and demand curves for oil are linear. In other words, supply can be expressed as S(p) = a + bp, and demand as D(p) = e - fp. a. Derive a and b, the horizontal (quantity) intercept and slope of the supply curve .b. Derive the components of the demand curve, e and f .Now assume that the U.S. government has decided to purchase an additional 2 million barrels of oil per day and put it into the strategic petroleum reserve. In other words, this additional oil is pumped into the ground and not circulated in the existing U.S. oil market. c. Draw (using supply and demand curves) the impact of this new government policy on the U.S. oil market. d. Calculate the new equilibrium price resulting from the government's new policy.
Discuss how supply and demand would be affected under each of the four degrees of competition(pure competition,monopolistic competition,oligopoly,and monopoly). give specfic examples to support your response.
What are some of the areas related to writing that still concern you? What challenges do you foresee in your becoming skillful as a scholarly writer?
The Pervin, Cervone, and John text discusses research on the brain systems involved in higher-level psychological functions, such as self-concept and moral judgment.
What are the main features of Christian teaching and practice, church organization and life which distinguish Eastern Orthodoxy, Roman Catholicism, and Protetantism from one another?
for this particular essay each student must pick a topic choose a side within that topic and argue their casethesis
1.describe the elements of composition for each.2.explain what was unique about the artistic choices made by da vinci
The psychological perspective sees crime primarily as:
From the first e-Activity, examine two economic effects that you believe the Iranian elections have on other countries that are currently allies with this nation. Provide a rationale for your response.
Heart Beats is a manufacturer of medical equipment. The company’s primary product is a device used to monitor the heart during medical procedures. This device is produced in two factories and shipped to two warehouses. The product is then shipped on ..
Consider the following expansion models: internal venturing, acquisitions, mergers, etc. Explain which one would you recommend as the best strategic plan for expansion and why.
Which of the following is the source of genetic diversity
Are the following global industries or multidomestic industries: bulk chemicals, pharmaceuticals, branded food products, moviemaking, television manufacture, personal computers, airline travel?
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