Assume an economy has 3 goods with the following supply and demand curves:
q1s = 2 + p1 + p2 q1d = 5 + 2p2 – p3
q2s = -2 – p1 + p2 + 2p3 q2d = 6 + p1 – 2p2
q3s = -1 + p3 q3d = 5 + p1 – p3
Set up a 3×3 matrix equation that can be solved for equilibrium prices p1, p2, and p3. (equilibrium occurs when quantity supplied is equal to quantity demanded. In this case each good needs to be in equilibrium.
What does Kant mean by being “immature”?
What is the relationship between being “immature” and being “enlightened”?
Does intellectual immaturity signify a lack of intelligence?
What is the intellectual problem of being lazy or cowardice according to Kant?
What is required to become enlightened?
Why is religion such an issue?