This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Show that the slope of the market demand curve is the summation of the slopes of individuals' demand ... (Read 89 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
Show that the slope of the market demand curve is the summation of the slopes of individuals' demand curves.
 
  What will be an ideal response?

Question 2

If K-12 education is determined to be an inframarginal positive externality, this means that K-12 education is being underproduced.
 
  a. True b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

The market demand is given by Q = D1(p) + D2(p) + ... + DN(p), where Di(p) is the demand for consumer i and there are N consumers. The addition rule of derivatives implies that the derivative of the market demand is the sum of derivatives of each individual's demand.

Answer to Question 2

b


bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Summation of Heart Sounds, Fixed Splitting of S2 Summation of Heart Sounds, Fixed Splitting of S2
Summation of Heart Sounds, Normal Physiological Split of S1 Summation of Heart Sounds, Normal Physiological Split of S1
Summation of Heart Sounds, S3 Summation of Heart Sounds, S3
The Role of Summation in Long-Term Potentiation The Role of Summation in Long-Term Potentiation
Why would anyone decorate herself like this? Among the many reasons, one is to show solidarity ... Why would anyone decorate herself like this? Among the many reasons, one is to show solidarity ...
Results from Kliegl's study show that older adults can learn complex information-processing Results from Kliegl's study show that older adults can learn complex information-processing
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library