Problem Set B1. Write a demand and a supply curve expressed in the form of an exponential andlogarithmic functions respectively. Demonstrate graphically or otherwise, that thefunctions reflect all the characteristics of a demand and supply curve.2. a. Solve the linear inequality: 2(5-x) ≤3(5-x) - 7x.b. Hence or otherwise, represent your solution set on a number line.3. Solve the system of linear inequalities:4x + 2y ≥ 8y - 4 > x4. Windies Cricket manufactures Windies supporter jerseys. The quantity q, of thesejerseys demanded weekly is related to the wholesale price per jersey p, by thefollowing equation:p = -0.006q+15The weekly total cost incurred by Windies Cricket for producing q jerseys is:C(q) = 38q0.02q² + 30,000a. Determine an expression to represent the weekly Revenue function.b. Determine an expression to represent the weekly Profit function.c. Calculate the weekly Revenue when ten dozen jerseys are produced and sold.|d. Will Windies Cricket record a loss or profit if they were to produce and sell 2450jerseys?e. If Windies Cricket wishes to maintain a total cost less than $42,000.00, whatrange(s) of Windies jerseys should be produced.f. Calculate the equilibrium price and quantity for Windies jerseys.3 Problem Set A1. Expand the following expressions:a. TC(q)- 2TR(q) - FC(q)b. 5q-(3-2q)³C.2e21 - In (²²) ²2. Factorize the following expression:a. 4 + 4(2) + 4b. 108q-36+7q³ - 59q²3.a. Use Microsoft Excel or otherwise to draw the graph for each of the followingfunctions to scale, on the same page for -5

1. Write a demand and a supply curve expressed in the form of an exponential logarithmic functions respectively. Demonstrate graphically or otherwise, th functions reflect all the characteristics of a demand and supply curve. 2. a. Solve the linear inequality: 2(5-x) ≤ 3(5-x) - 7x. b. Hence or otherwise, represent your solution set on a number line. 3. Solve the system of linear inequalities: 4x + 2y ≥ 8 y - 4 > x

1. Write a demand and a supply curve expressed in the form of an exponential logarithmic functions respectively. Demonstrate graphically or otherwise, th functions reflect all the characteristics of a demand and supply curve. 2. a. Solve the linear inequality: 2(5-x) ≤ 3(5-x) - 7x. b. Hence or otherwise, represent your solution set on a number line. 3. Solve the system of linear inequalities: 4x + 2y ≥ 8 y - 4 > x

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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