Answer the questions in Exercise 51 for the demand function when 12,000 (q 0 = 12) units

Question:

Answer the questions in Exercise 51 for the demand function

when 12,000 (q₀ = 12) units are demanded.

Data from Exercises 51

A manufacturer has determined that when q thousand units of a particular commodity are produced, the price at which all the units can be sold is p = D(q) dollars per unit, where D is the demand function

a. At what price are 5,000 (q₀ = 5) units demanded?

b. Find the consumers’ surplus when 5,000 units are demanded.

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

Step by Step Answer:

Related Book For book-img-for-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

See More Books

Question Posted: Jun 22, 2023 12:26 AM

A manufacturer has determined that when q thousand units of a particular commodity are produced, the price at which all the units can be sold is p = D(q) dollars per unit, where D is the demand...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
A firm produces digital watches on a single production line serviced during one daily shift. The total output of watches depends directly on the number of labor-hours employed on the line. Maximum...
when taking a lead role for supplier selection can often help Multiple select question. establish supplier quality standards. determine price. develop the engineering specifications. set conditions...
Discuss the limitations of financial leverage.
ABC Company has 100 shares of IBM stock that it holds as an investment. The stock was purchased three years ago and has been in the clients safe deposit box along with other investment securities....
How does a compliance approach to pollution control differ from a prevention approach? LO.1
Naoko Ohno, a Japanese citizen, obtained a $1.2 million tort judgment against the Saints of Glory Church, a California corporation, and its pastor Yuko Yasuma, a California resident, in Tokyo...
At the beginning of its current fiscal year, Willie Corporation's balance sheet showed assets of $ 1 0 , 9 0 0 and liabilities of $ 5 , 3 0 0 . During the year, liabilities decreased by $ 8 0 0 . Net...
In Exercises 50 through 53, approximate the given integral and estimate the error with the specified number of subintervals using: (a) The trapezoidal rule (b) Simpsons rule 2 et dx; n = 10
Joel Evans, the manager of a national chain of pizza parlors, is selling a 6-year franchise to operate its newest outlet in Orlando, Florida. Experience in similar localities suggests that t years...
What is the order of magnitude of the de Broglie wavelength of a person walking down the street?
Find the linear approximation at the given point: f(x) = cos(4x-) at x =
The labor costs of complying with national regulations in order to remain a certified provider of testing products and services to oil producers. GeoTest creates, calibrates and installs devices used...
Mrs. Cora Yank (age 42) is divorced and has full custody of her 10-year-old son, William. Mrs. Yank works as a medical technician in a Chicago hospital. Her salary was $38,400, from which her...
Midterm Project This assignment relates to the following Course Learning Requirements: CLR 1: Explain the basic components of a computer system in an office. CLR 3: Use an e-mail account and...
Sarah Young is planning to attend a billing conference in the next two months. Her place of employment will reimburse her for the conference price. Sarah should use which cash management for the...
Explain each case, what is meant by the management functions of: (a) Planning; (b) Decision making; (c) Control.
Southwestern Punch was made by Frutayuda, Inc. and sold in 12-ounce cans to benefit victims of Hurricane Zero. The mean number of ounces placed in a can by an automatic fill pump is 11.7 with a...
What test can be used to assess whether mean serum retinol has increased over 3 years among subjects in the vitamin A group? Ophthalmology A 5-year study among 601 participants with retinitis...
Can the test be implemented based on the data just presented? Why or why not? If yes, implement the test and report a two-tailed p-value? Ophthalmology A 5-year study among 601 participants with...
One assumption of the test in Problem 10.68 is that the distribution of serum retinol is approximately normal. To verify this assumption, the investigators obtained a frequency distribution of serum...
Your firm is planning to invest in an automated packaging plant. Harburtin Industries is an all - equity firm that specializes in this business. Suppose Harburtin ' s equity beta is 0 . 8 7 , the...
Ned Allen opened a medical practice in Los Angeles, California, and had the following transactions during the month of January. (Click the icon to view the January transactions.) Journalize the...
do you need more information or are you working on this? Irene Watts and John Lyon are forming a partnership to which Watts will devote one- half time and Lyon will devote full time. They have...

Answer the questions in Exercise 51 for the demand function when 12,000 (q 0 = 12) units

Question:

D(q) = In 52 q+1)

Step by Step Answer:

a The price at which 12000 units are de...View the full answer

Calculus For Business, Economics And The Social And Life Sciences

Students also viewed these Mathematics questions