Answer:
a) attached below
b) stable equilibria = x = 0.1 , x = 0.8
unstable equilibria = other value except 0.1 , 0.8
c) 0.5 , 0.6
Explanation:
Benefit of using the local roads = 1 + 8x - 9x^2
Benefit of using the free way = 3.6
a) Attached below is the required graph
<u>b) Determine The possible equilibrium traffic patterns from the graph </u>
stable equilibria : x = 0.1 , x = 0.8 ( this id because at these given value the benefits of using either routes is equal )
unstable equilibria : every other value of X except 0.1 and 0.8
<u>c) Determine the value of x that maximizes the total benefit to the population</u>
The value of X that maximizes the total benefit to the population = 0.5 and 0.6
attached below is the detailed solution
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, the <em>"Clayton Antitrust Act of 1914"</em> is the name given to a law that was part of United States antitrust law regime that had the main purpose of adding further substance to it in order to prevent anticompetitive practices by the companies in the market. Therefore that this law discusses four principles of economic trade and business which were the price discrimination, mergers and acquisitions, exclusive dealings and any person who was a manager of two or more organizations at the same time. It all focused on protecting the competition from the companies that looked for becoming a monopoly.
I think that the answer to this question should be based upon your opinion sorry if you were expecting the actual answer
Answer:
d) Installment sales contract
Explanation:
A contract is described as an agreement between two or more parties commits to undertakes specific obligations. In a sale contract, the buyer and seller agree to the exchange or foods or services for a consideration called price.
An installment sale contract is an agreement that allows the buyer to make payment for the goods or services over time. Once an agreement has bee reached, the buyer takes possession of products and is free to use them. The buyer makes regular payments for the goods (installments) and will claim ownership upon completing payments. An installment sale contract is a form of credit sale.
