FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 3. Let p = ,q+50 be the supply equation for a manufacturer's product, and suppose the demand 7 equation is p = 1004 +

image text in transcribed
2 3. Let p = ,q+50 be the supply equation for a manufacturer's product, and suppose the demand 7 equation is p = 1004 + 65. (a) (5 points) Find the equilibrium point. (b) (5 points) A tax of $1.50 per unit is to be imposed on the manufacturer. Find the new equilibrium point

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Algebra And Trigonometry

Algebra And Trigonometry

Authors: Michael Sullivan

10th Edition

0321999290, 9780321999290

More Books

Students also viewed these Mathematics questions

Question

★★★★★
In some countries it is very difficult for shareholders to fire managers when they do a poor job. What type of financing would you expect to find in those countries?

Answered: 1 week ago

Question

★★★★★
32. IE An alcohol rub can rapidly decrease body (skin) temperature. (a) This is because of (1) the cooler temperature of the alcohol, (2) the evaporation of alcohol, (3) the high specific heat of...

Answered: 1 week ago

Question

★★★★★
A box B1 contains four red and six black balls, while a second box B2 contains seven red and three black balls. We select a ball from B1 and place it in B2. Then, we pick up a ball from B2 at random...

Answered: 1 week ago

Question

★★★★★
The administrators of Tiny College are so pleased with your design and implementation of their student registration/tracking system that they want you to expand the design to include the database for...

Answered: 1 week ago

Question

★★★★★
Katherine Gillespie, a new buyer at Goalie, Inc., was reviewing quotaons for a tooling contract submited by four suppliers. She was evaluang the quotes based on price, target quality levels, and...

Answered: 1 week ago

Question

★★★★★
The common stock in a leveraged firm is effectively a/an- _ on the assets of the firm. O Put option Warrant. Call option Swap contract O Forward contract

Answered: 1 week ago

Question

★★★★★
Refer to the "Plotting Data" lesson found in the Spring Force chapter of Moodle and plot the "Spring Forces (Hooke's Law)" data on the following graph. Make sure you refer to the table so you graph...

Answered: 1 week ago

Question

★★★★★
Describe Briefly How did Baosteel Europe overcome the challenges of managing a subsidiary? Refrences

Answered: 1 week ago

Question

★★★★★
Identify, as part of a review, an administrative system, to determine if there is a need to make changes or modifications to this. Performa consultation with a small group of system users and discuss...

Answered: 1 week ago

Question

★★★★★
X consigned 100 packets of cosmetics each costing Rs. 300 to his agent at Mumbai. He paid Rs. 500 towards freight and insurance. 15 packets were destroyed on the way. Consignee took delivery of the...

Answered: 1 week ago

Question

★★★★★
For the system transfer function determine the percent peak overshoot, the rise time, and the settling time. It could be done with MATLAB graphics. G(s) : = 48 10s2+14s+16

Answered: 1 week ago

Question

★★★★★
3. List four points that you think are important to give the individual attention, when he or she is going to sell an argument or an idea to you.

Answered: 1 week ago

Question

★★★★★
4. Think of a situation where you would convince someone of an argument or an idea you had. a. What feelings did you want the other person to be left with when you finished? b. When you think about...

Answered: 1 week ago

Question

★★★★★
7. Think of a situation where you felt that you mastered the situation, i.e. where you had a positive feeling of completing the task you were to perform. A. Now develop a picture in your imaginary...

Answered: 1 week ago

Previous Question Next Question