Can u please double check my steps ? Thanks so much P(Q') - 13.5 - o QP(as)- 091613.5-Q20105013.5= 3Q90 11020PS- (90)(9) =4052.Q =90P=9I1 13.5-20Q» Q- 5020 (110) P=CS A CHH+ G = (90)(1) t (20)(1) = 10013,5-2PSA = (10) (2) (40)(2)BrE= 220gout = BrC+E F+GFH100+ 2 20 + (20)(3)= 350%3DSOCcial A = -F = (20)(3) --30%3D

Market is at equilibrium where demand and supply curve intersect and set the price called…

P(Q) 13.5- 20 Q P(as) 0 %3D FI 16 13.5-Q 20 %3D 10 13.5= 3Q 20 Q= 90 50 10 110 PS (90)(9) = 405 P= 9 %3D Q I1 13.5- 20 → Q- 50 20 (110)P:8 13,5- CS A CEH+G = (90)(1) + (20)(1) = 100 %3D PS A = (10) (2) F (40)(2) - 220 4 BrE %3D gout = BrC+ E F+GFH = 100+220 + (20)(3) = 350 %3D 2. Social A = - F = (20)(3) --30 -30

P(Q) 13.5- 20 Q P(as) 0 %3D FI 16 13.5-Q 20 %3D 10 13.5= 3Q 20 Q= 90 50 10 110 PS (90)(9) = 405 P= 9 %3D Q I1 13.5- 20 → Q- 50 20 (110)P:8 13,5- CS A CEH+G = (90)(1) + (20)(1) = 100 %3D PS A = (10) (2) F (40)(2) - 220 4 BrE %3D gout = BrC+ E F+GFH = 100+220 + (20)(3) = 350 %3D 2. Social A = - F = (20)(3) --30 -30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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