Find the equilibrium price of ipads

Assignment Help Macroeconomics
Reference no: EM131344969

Suppose that the demand for the Kindle is given by QDk = 800-150Pk+50Pi, where QDk is the quantity demanded for Kindles, Pk is the price of a Kindle and Pi is the price of an iPad. Also assume that the demand for iPads is given by QDi = 900 - 100Pi + 20Pk. Finally, assume that the supply for Kindles and iPads are simply given by QSk = 700 + 350Pk and QSi = 800 + 300Pi. Find the equilibrium price of iPads?

Reference no: EM131344969

Questions Cloud

Determine the average time customers : Determine the average time customers spend at the machine, including waiting in line and completing transactions. (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Does the answer change if the discount rate is 20% : Assuming that there is no inflation, that our pro is concerned only about which contract has the highest present value, and that his personal discount rate (interest rate) is 5%, which contract does he accept? Does the answer change if the discoun..
Design an rc op amp circuit that implements block diagram : For the block diagram shown in given Figure:- Find the differential equation the block diagram represents.- Design an RC OP AMP circuit that implements the block diagram.
Intentional human-initiated disaster : You will research a natural, technological, or intentional human-initiated disaster, and the specific population or social issue in the context of that event.
Find the equilibrium price of ipads : Suppose that the demand for the Kindle is given by QDk = 800-150Pk+50Pi, where QDk is the quantity demanded for Kindles, Pk is the price of a Kindle and Pi is the price of an iPad. Find the equilibrium price of iPads
What is the present value of these rental payments : You rent an apartment for two years. You owe a payment of today and another equal nominal payment next year. If the inflation rate is and the real interest rate is i, what is the present value of these rental payments?
Importance of knowing the scope of the project : In this discussion forum, you will discuss the video, discussing the importance of knowing the scope of the project, the scenario of the project, in this case an expedition on extreme weather conditions
Design op amp circuit to solve given differential equation : Draw a block diagram and then design an RC OP AMP circuit to implement the input-output relationship.- Design an OP AMP circuit to solve the following differential equation:
Why did lincoln decide to free the slaves before the war : The Civil War ended in 1865. Why did Lincoln decide to free the slaves before the war even ended?In the Emancipation Proclamation, Lincoln does not mention Delaware, Kentucky, Maryland, and Missouri. These states had slaves but were not part of the..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Large role in the outcome of the second world war

Encryption and decryption played a large role in the outcome of the Second World War. After the war and for the next few decades, encryption played little or no role in the life of the average person.

  Suggestion to avoid bankruptcy of cigarette companies

US cigarette makers face enormous punitive damage penalties after losing a series of class action lawsuits-What action do you suppose the cigarette companies took to avoid bankruptcy?

  Quantity of a good demanded

1. The quantity of a good demanded rises from 1000 to 1500 units when the price falls from $1.50 to $1.00 per unit. The price elasticity of demand for this product is approximately:A. 1.0B. .16C. 2.5D. 4.0

  Indifference curves and the budget line

The curve that is traced out when we keep indifference curves and the budget line constant and change the price of good X is:

  Different from monetary policy

Explain how fiscal policy is different from monetary policy, including who implements these policies, the goals of each policy, and problems with or limits on those policies.

  Choose the best country for manufacturing

The question is belongs to Economics and it is explore about choosing the best country for manufacturing, in terms of rate of exchange. Four countries viz, Mexico, Japan, China and India have been given with their currency exchange rates.

  Which economic indicators the federal reserve should analyze

Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy. Determine which economic indicators the Federal Reserve should analyze so it can better stabilize this particular economy.

  Find out the the forecasts for 3rd quarter

Using the three quarters moving average, find out the the forecasts for 3rd quarter 2010, 4th quarter 2010, and 1st quarter 2011. Use the given data, actual demand 3rd quarter year 2010 is 260, the actual demand 4th quarter year 2010 is 270, and t..

  What is the marginal prosperity to consume

Calculating the MPC . In one year a consumer income increases by $200 and her consumption increasesby $160. What is the marginal prosperity  to consume ?

  What are the percentage increases in the price of food

What are the percentage increases in the price of food and in the price of clothing and what is the percentage increase in the CPI?

  Has the dollar appreciated or depreciated in value

Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan, before..

  Is the ad curve upward-sloping flat or downward-sloping

In addition, pi* is the central bank's target level of inflation , and b is some positive parameter. This rule states that the central bank raises the real interest rate above its long-run level when inflation is above its target and lower when it..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd