The
Arduino Mega2560 is a microcontroller that has 54 digital inputs and output
pins in which 14 pins are for PWM outputs. Moreover, 16 pins are for analog inputs
and 4 pins for UARTs ports. A crystal oscillator with 16MHz, a USB port, a
power jack, and a reset button are also included. It has two modes for the
power supply. The first one is using the USB cable and the other one is using a
battery or using an AC to DC adapter through the power jack. The external power
supply range is recommended from 7V to 12V. Because if it is less than 7V, the
controller board may be unstable and if it is more than 12 V, the voltage
regulator may be over heated and the board may be damaged as well. The Arduino
Mega2560 can be programmed with Arduino Software.

Suppose that Fiat
Chrysler estimates their NORMAL DEMAND CURVE to be:
Qd = 300,000 – 7.0P

 

                              
i.     Suppose
that Fiat Chrysler knows that their SUPPLY CURVE is:
Qs = -479,218 + 28.19P,
Note that the intercept is NEGATIVE in this case. Given these two curves,
and that in equilibrium, Qd
= Qs determine the
markets equilibrium PRICE and equilibrium QUANTITY. (4 Marks)

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