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 79 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
Wow, this really help

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

A lilac, orange and white Satin Peruvian guinea pig (show-length coat) A lilac, orange and white Satin Peruvian guinea pig (show-length coat)
An Inverted U Curve An Inverted U Curve
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Main Hall, Trajan's Market Main Hall, Trajan's Market
J or U dose-response curve J or U dose-response curve
The karyotypes of individuals The karyotypes of individuals
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library