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Answer:
The equilibrium quantity is 26.4
Step-by-step explanation:
Given
Required
Determine the equilibrium quantity
First, we need to determine the equilibrium by equating Qd to Qs
i.e.
This gives:
Collect Like Terms
Solve for P
This is the equilibrium price.
Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:
<em>Hence, the equilibrium quantity is 26.4</em>
Answer:68.3 degrees
Step-by-step explanation:
The diagram of the triangle ABC is shown in the attached photo. We would determine the length of side AB. It is equal to a. We would apply the cosine rule which is expressed as follows
c^2 = a^2 + b^2 - 2abCos C
Looking at the triangle,
b = 75 miles
a = 80 miles.
Angle ACB = 180 - 42 = 138 degrees. Therefore
c^2 = 80^2 + 75^2 - 2 × 80 × 75Cos 138
c^2 = 6400 + 5625 - 12000Cos 138
c^2 = 6400 + 5625 - 12000 × -0.7431
c^2 = 12025 + 8917.2
c = √20942.2 = 144.7
To determine A, we will apply sine rule
a/SinA = b/SinB = c/SinC. Therefore,
80/SinA = 144.7/Sin 138
80Sin 138 = 144.7 SinA
SinA = 53.528/144.7 = 0.3699
A = 21.7 degrees
Therefore, theta = 90 - 21.7
= 68.3 degees
