Find the equilibrium point for the following supply and demand functions. Demand: p = -4q + 220

Question:

Find the equilibrium point for the following supply and demand functions.
Demand: p = -4q + 220
Supply: p =15q + 30

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 04:36 AM

See More Questions

Find the equilibrium point for the pair of demand and supply functions. Here q represents the number of units produced, in thousands, and x is the price, in dollars. Demand: q = 5800 - 6x Supply: q =...
Find the equilibrium point of the demand and supply equations. 1. p = 500 0.4x p = 380 + 0.1x 2. p = 100 0.05x p = 25 + 0.1x
Find the equilibrium point of the demand and supply equations. Demand...............................Supply 1. p = 43 0.0002x........ ..........p = 22 + 0.00001x 2. p = 120 0.0001x................ p...
What is the importance of developing plans to achieve organizational goals? explain with examples
Which has more atoms: 1 kg of iron or 1 kg of aluminum? See the periodic Table or Appendix B.
Why is portfolio standard deviation not a weighted average of the standard deviations of the underlying securities?
10. List and explain the four GAAP guidelines for state and local governments, in descending order of authority.
The overhead application rate for a company is $10 per unit, made up of $6 per unit of fixed overhead and $4 per unit of variable over- head. Normal capacity is 10,000 units. In one month there was a...
The adjusting entry to record salaries earned, but unpaid, at the end of the accounting period should be recorded as follows: Debit Salaries Expense and credit Salaries Payable. Debit Accrued...
The October 31, 2023, bank statement of Jazzera Distributors has just arrived. To prepare Jazzera Distributors bank reconciliation, you gather the following data: a. The October 31 bank balance is...
Find the equilibrium point for the following supply and demand functions. Demand: p = 480 - 3q Supply: p = 17q + 80
Retailers will buy 45 cordless phones from a wholesaler if the price is $10 each but only 20 if the price is $60. The wholesaler will supply 35 phones at $30 each and 70 at $50 each. Assuming the...
Explain how the new process improves capacity for the MRI machine.
Write a brief statement that interprets the confidence interval. Choose the correct answer below. A. There is a 99% chance that the true value of the population mean weight of newborn girls will fall...
Transcribed image text: If estimated annual factory overhead is $1,072,500; overhead is applied using direct labor hours, estimated annual direct labor hours are 275,000 actum March factory overhead...
Your firm has limited capital to invest and is therefore interested in comparing projects based on the profitability index (PI), as well as other measures. What is the PI of the project with the...
The following rates are applicable to annual payroll in British Columbia Question 17 options: 1234 1.95% x total B.C. remuneration 1234 2.925% x (B.C. remuneration - $500,000) 1234 Tax Rate 1234...
Assume that different groups of couples use a particular method of gender selection and each couple gives birth to one baby. This method is designed to increase the likelihood that each baby will be...
Starting from humble beginnings in 2004, Shirin Shahsavand successfully built a mid-sized business assembling small electronic components in Cincinnati, Ohio. Her company, National Assembly Services,...
Provide an example of an aggressive accounting practice. Why is this practice aggressive?
In Problems, the graph of the feasible region is shown. Find the corners of each feasible region and then find the maximum and minimum of the given objective function (if they exist). f = 5x + 8y y...
In Problems, graph each inequality. -y/8 > 1/4
In Problems, graph the functions. y = 5 x
En prenant un exemple de votre choix, montrer comment on value un swap de taux de change.
How much would you need to invest today in order to receive: a. $10,000 in 5 years at 11%? b. $11,000 in 12 years at 8%? c. $12,000 each year for 10 years at 8%? d. $12,000 at the beginning of each...
A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost of $190,000 with a 3-year life...

Find the equilibrium point for the following supply and demand functions. Demand: p = -4q + 220

Question:

Step by Step Answer:

4q 220 15q 30 Required condition 1...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions