Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Satsume Satsume
wrote...
Go to Answer
Posts: 761
Rep: 0 0
6 years ago
The world demand for power transmission wire is made up of both domestic and foreign demands.  Thus, the total demand is the sum of the two sub-demands, which are given as:
   Domestic demand: Pd = 5 - 0.005Qd
   Foreign demand:  Pf = 3 - 0.00075Qf,        
where Pd and Pf are in dollars per pound, and Qd and Qf are in pounds per day.

a.   Determine the world demand for power transmission wire.
b.   Determine the prices at which domestic and foreign buyers would enter the market.
c.   Determine the domestic and foreign quantities at P = $2.50 per pound. Check to see if the sum of Qd and Qf equals Q.
d.   Determine total rate of purchases at P = $4.00 per pound.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 228 times
1 Reply
Replies
Answer verified by a subject expert
oracledarrenoracledarren
wrote...
#1
Posts: 455
Rep: 15 1
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 220 words.
1

Related Topics

Satsume Author
wrote...

6 years ago
Brilliant ツ
vanna2014
wrote...

Yesterday
Thanks for your help!!
brina10
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  656 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 340
  
 291
  
 346
Your Opinion
What's your favorite coffee beverage?
Votes: 299
Previous poll results: Does a gender wage gap exist in America?