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Question: A new bus worth $130,000 in 2010 depreciates linearly to $25,000 in 2030 A. find a formula for th...
a new bus worth $130,000 in 2010 depreciates linearly to $25,000 in 2030
A. find a formula for the value of the bus,V, as a function of time,t, in years since 2010?
B. what is the value of the bus in 2020?
C. find and interpret the vertical and horizontal intercepts of the graph of the function and explain what t
v(t)= what, this value of what, represents what?
t= what, this value of what, represents what?
The demand and supply curves for a product are given in terms of price, p, by q = 2500 - 20p and q = 10p - 500
A. Find the equilibrium price and quantity.
B. A specific tax of $6 per unit is imposed on suppliers. Find the new equilibrium price and quantity. The new equilibrium price (including tax) is $______ and the new equilibrium quantity is ______ units.
C. How much of the $6 tax is paid by consumers and how much by producers? The tax paid by the consumer is $______ and the tax paid by the producer is $_____ of the tax.
D. What is the total tax revenue received by the government? $________