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Computing levels: Suppose Xt grows at 2% per year and Yt grows at 5% peryear, with X0 2 and Y0=1.
Calculate the numerical values of Zt
for t 0,
t=1, t=2, t=10, t=17, and t=35 for the following cases:
(a) z=x
(b) z=y
(c) z=x^3/4 y^1/4
Use the table below to calculate the marginal revenue.
Price
Quantity Demanded
Total Revenue
5
0
4.5
1
4
2
8
3
9
12
2.5
12.5
6
1.5
7
10.5
0.5
10
Question 13: Find the monopolist's equilibrium quantity
Question 14: What is the equilibrium price?
Question 15: What is the firm's fixed cost?
