Chapter 1: Problem 6
Factorize the following expressions: (a) \(x^{2}-64\) (b) \(4 x^{2}-81\)
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Chapter 1: Problem 6
Factorize the following expressions: (a) \(x^{2}-64\) (b) \(4 x^{2}-81\)
These are the key concepts you need to understand to accurately answer the question.
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The demand and supply functions for two interdependent commodities are given by $$ \begin{aligned} &Q_{\mathrm{D}_{1}}=40-5 P_{1}-P_{2} \\ &Q_{\mathrm{D}_{2}}=50-2 P_{1}-4 P_{2} \\ &Q_{\mathrm{s}_{1}}=-3+4 P_{1} \\ &Q_{\mathrm{s}_{2}}=-7+3 P_{2} \end{aligned} $$ where \(Q_{D_{i}}, Q_{s,}\) and \(P_{i}\) denote the quantity demanded, quantity supplied and price of good \(i\) respectively. Determine the equilibrium price and quantity for this two-commodity model. Are these goods substitutable or complementary?
Attempt to solve the following systems of equations (a) \(3 x-6 y=-2\) (b) \(-5 x+y=4\) $$ -4 x+8 y=-1 $$ $$ 10 x-2 y=-8 $$ Comment on the nature of the solution in each case.
Given that consumption, investment, \(C=0.8 Y+60\) \(I=-30 r+740\) \(M_{\mathrm{S}}=4000\) money supply, transaction-precautionary demand for money, \(M_{\mathrm{S}}=0.15 Y\) speculative demand for money, \(\quad L_{2}=-20 r+3825\) determine the values of national income, \(Y\), and interest rate, \(r\), on the assumption that both the commodity and the money markets are in equilibrium.
(1) Without using a calculator evaluate (a) \(\frac{1}{2} \times \frac{3}{4}\) (b) \(7 \times \frac{1}{14}\) (c) \(\frac{2}{3} \div \frac{8}{9}\) (d) \(\frac{8}{9} \div 16\) (2) Confirm your answer to part (1) using a calculator.
Multiply out the brackets. (a) \((x+3)(x-2)\) (b) \((x+y)(x-y)\) (c) \((x+y)(x+y)\) (d) \((5 x+2 y)(x-y+1)\)
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