If the supply function for a commodity is p = q2 + 8q + 20 and the

Question:

If the supply function for a commodity is p = q2 + 8q + 20 and the demand function is p = 100 - 4q - q2, find the equilibrium quantity and equilibrium price?

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 04:44 AM

See More Questions

If the demand function for a commodity is given by the equation p2 + 4q = 1600 and the supply function is given by the equation 300 -p2 + 2q = 0, find the equilibrium quantity and equilibrium price?
If the demand function for a commodity is given by the equation p2 + 5q = 200 and the supply function is given by 40 - p2 + 3q = 0, find the equilibrium quantity and price?
If the cost function for a commodity is C(x) = x3 - 4x2 + 30x + 20 dollars find the marginal cost at x = 4 units and tell what this predicts about the cost of producing 1 additional unit and 3...
Define the necessary and sufficient condition for two transactions to be serialisable. Give an example of a non-serialisable execution of a pair of transactions. [3 marks] (c) Define the necessary...
An automobile cooling system holds 16 L of water. How much heat does it absorb if its temperature rises from 20oC to 90oC?
Why does the credit view imply that monetary policy has a greater effect on small businesses than on large firms?
Several accounts from the Hilton Hotels General ledger that pertain to the rooms department are listed below. Sales Transient- Regular 1,00,000 Salaries 10,000 Commission 1000 Uniforms 500 Linen...
Filer manufacturing has 8.3 million shares of common stock outstanding. The current share price is $53 and the book value per share is $4. Filer manufacturing also has two bond issues outstanding....
1 04:19:32 MC Qu. 39-01 A(n) A(n) Multiple Choice O O officer; raising the value of the corporation's stock O is an owner of the corporation, and O is an owner... shareholder; raising the value of...
Clarion Manufacturing Company is a publicly held company that is engaged in the manufacture of home and office furniture. The firms most recent income statement and balance sheet are found below. a....
If the supply function for a commodity is p = q2 + 8q + 16 and the demand function is p = - 3q2 + 6q + 436, find the equilibrium quantity and equilibrium price?
If the supply and demand functions for a commodity are given by 4p - q = 42 and (p + 2)q = 2100, respectively, find the price that will result in market equilibrium?
In Problems 7386, use a graphing utility to solve each equation. Express your answer rounded to two decimal places. e x = x 3
Are investors too impatient in wanting returns from these investments? "Would Nordstrom be better off if it were owned by private investors, rather than as a publicly traded firm since this would...
how AI is used to discover new material, will it change the whole science environment?
QUESTION 1 Which one of the following statements is not part of the "bundle of rights" enjoyed by a fee simple owner of property? a. The right to possess the property b. The right to control what...
In order to pay his rent, Tom, a college student, has taken a job in the computer department of a local department store. His only responsibility is to answer telephone calls to the department, most...
How does database normalization impact data integrity and query performance in complex relational schemas ? Explain
1. The trial court ruled that Wagner could have been an agent for the business. Why, in the view of the appellate court, did this ruling make no sense? 2. Suppose that instead of Wagner, Misenar had...
What are bounds and what do companies do with them?
Use the data in the frequency table in Problems. Score Frequency 1 ............................. 4 2 ............................. 6 3 ............................. 8 4 ................................
Use the data in the frequency table in Problems. Score Frequency 1 ............................. 4 2 ............................. 6 3 ............................. 8 4 ................................
Use the data in the frequency table in Problems. Score Frequency 1 ............................. 4 2 ............................. 6 3 ............................. 8 4 ................................
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...
Wendell's Donut Shoppe is investigating the purchase of a new $39,600 conut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings...
1.Discuss the challenges faced with Valuing Stocks and Bonds. As part of this discussion, how will the selected item be implemented in an organization and its significance? 2. Discuss how Valuing...

If the supply function for a commodity is p = q2 + 8q + 20 and the

Question:

Step by Step Answer:

S p q 2 8q 20 D 100 4q q 2 p q 2 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions