Q: Under which demand conditions is it likely that a black-market price will only moderately exceed the natural equilibrium price?
Attempt at solving: So for black-markets, I understand that a price ceiling is present below the equilibrium price, and thus black-marketeers buy out the supply...
Homework Statement
A particular species of mollusk is distributed according to a Poisson process with an unknown density of lambda per cubic meter of water. A sensor is constructed that can detect these species that are within 4 m, and n readings are collected over a year to try and measure...
OH. Thanks for your solution. I realize that I made a complete blunder now. So it was my formula...I get it now, but that does not bode well for my test results =|. Thanks again for your help.
Homework Statement
The amplitude of a soundwave is 5 X 10 ^-5 N/m^2
a) What is the intesity of the sound energy from this sound wave?
b) What is the sound level?
The Attempt at a Solution
Well I believe that Sound intensity is Power/amplitude. However, i only have the amplitude so.. does...