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The Price of a Certain Commodity in Dollars Per Unit

Question 174

Essay

The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by .
What is the price of the commodity at t = 0?
$__________ / unit
How fast is the price of the commodity decreasing at t = 0?
$__________ / wk
Find the equilibrium price of the commodity.(Hint: It's given by The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by . What is the price of the commodity at t = 0? $__________ / unit How fast is the price of the commodity decreasing at t = 0? $__________ / wk Find the equilibrium price of the commodity.(Hint: It's given by .Also, use the fact that .) $__________ / unit .Also, use the fact that The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by . What is the price of the commodity at t = 0? $__________ / unit How fast is the price of the commodity decreasing at t = 0? $__________ / wk Find the equilibrium price of the commodity.(Hint: It's given by .Also, use the fact that .) $__________ / unit .)
$__________ / unit

The Price of a Certain Commodity in Dollars Per Unit

Essay

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