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Unformatted text preview: G = G 1 G ; P = P 1 P ; Q = Q 1 Q P 1 = (a d +cG 1 )/(b+e) P = (a d +cG )/(b+e) 2200 P = G c/(b + e) Q 1 = d + e(a d +cG 1 )/(b+e) Q = d + e(a d +cG )/(b+e) 2200 Q = G ec/(b + e) Exercise: Solve for x, y, z x = 6z + 3h 4a + 10 y = 4z h + 6 x = y Substitute 1 st and 2 nd into 3 rd 6z + 3h 4a + 10 = 4z h + 6 Solve for z 2z = 4a 4h 4 z = 2a 2h 2 Substitute z into 1 st and 2 nd x = 12a 12h 12 + 3h 4a + 10 = 8a 9h 2 y = 8a 8h 8 h + 6 = 8a 9h 2 Exercise: Impact of h = 3 x = 8a 9h 2 y = 8a 9h 2 z = 2a 2h 2 2200 x = 9 h = 27 2200 y = 9 h = 27 2200 z = 2 h = 6...
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 Fall '08
 cramton
 Economics

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