To answer the question above, we let s be the cost of a shirt and h be the cost of each hat such that the equations that would best represent the given are:
10s + 20h = 490
20s + 30h = 860
The system of equations is the answer to the first question and the values of s and h are $25 and $12, respectively.
The intercept can be found when all other variables are equated to zero.
x-intercept when y = 0 and z = 0: 8x + 6*0 + 3*0 = 24 gives x = 3
y-intercept when x = 0 and z = 0: 8*0 + 6y + 3*0 = 24 gives y = 4
z-intercept when x = 0 and y = 0: 8*0 + 6*0 + 3z = 24 gives z = 8
The intercepts are (3, 0, 0), (0, 4, 0), and (0, 0, 8).
(a). To calculate Y at equilibrium
Y = C + I + G
Y = 40 + 0.8(Y – 0 + 10 + 20)
Y = 350
(b). To calculate C, I and G at Equilibrium
C = 40 + 0.8 Y
Since Y = 350
C = 40 + 0.8(350)
C = 40 + 280
C = 320
I = 20
G = 10
(c).To find
equilibrium Y
Given,
EX = 4 + 3EP/P
IM = 8 + 0.1 (Y - T) - 2EP/P
E = 3
P = 1
P = 1.5
Y = 170
