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EricNguyen

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9

Dec 8th 2012, 3:21:02

thanks

Edited By: EricNguyen on Dec 13th 2012, 17:07:21
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Serpentor Game profile

Member
2800

Dec 8th 2012, 4:49:19

Do Mah Mai!! That looks too confusing....
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Grimm Game profile

Member
175

Dec 8th 2012, 6:00:04

a. you need to find the intersection of the formulas for domestic supply and demand. That will be the equilibrium price and quantity in the absence of imports (presumably rounding down to the nearest whole Q). You'll find that the eq. price is indeed > 1019 (relevant in b).

b. I'm tired do your homework :P

tisya Game profile

Member
630

Dec 8th 2012, 6:16:59

I think Turkmenistan should buy locally produced toothbrushes to help their local industry and lower their carbon footprint. I'm pretty sure my toothbrush is made in China though. Sorry, I failed economics :D
Tisya
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Dibs Ludicrous Game profile

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6702

Dec 8th 2012, 8:27:49

0.999... = 1
1 * 30% = 1.3
1 + 1 = 2.6
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Dibs Ludicrous Game profile

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6702

Dec 8th 2012, 8:30:39

bah. i don't like math enough to go back and correct my mistakes. even if i could travel back in time and do it.
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Magellaan Game profile

Member
533

Dec 8th 2012, 10:46:50

Get a sheet of paper and draw the graphs. It's easier to grasp if you visualise it. Or plot them on your calculator if you have one of those fancy one that can do that.

Then do the math and use the graphs as a reference to make sure you're doing it right.

It's not that complicated so you should it do yourself, you're not going to learn it otherwise. Lol I sound like one of my high school teachers now.
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Darakna Game profile

Member
312

Dec 8th 2012, 13:57:08

this takes me back to first year uni