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

Question

1 Approved Answer

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

image text in transcribed

image text in transcribed
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 = 4900 - 40x Supply: q = 400 + 50x The equilibrium point is. (Type an ordered pair. Do not include the $ symbol in your answer.)

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

Graph Theory With Applications

Graph Theory With Applications

Authors: Fred Buckley, Marty Lewinter

1st Edition

1478616148, 9781478616146

More Books

Students also viewed these Mathematics questions

Question

★★★★★
The Roadnet Transport Company expanded its shipping capacity by purchasing 90 trailer trucks from a bankrupt competitor. The company subsequently located 30 of the purchased trucks at each of its...

Answered: 1 week ago

Question

★★★★★
What benefit does a firm receive when it accepts a project with a positive NPV? AppendixLO1

Answered: 1 week ago

Question

★★★★★
What is the difference between persistence and self-determination?

Answered: 1 week ago

Question

★★★★★
Bill purchased a vacation lot he saw advertised on television for an $800 down and monthly payments of $55. When he visited the lot he had purchased, he found it was not something he wanted to own....

Answered: 1 week ago

Question

★★★★★
Create a program that asks the user for three numbers and tells them the smallest and largest of the three numbers. You can only use single-alternative if statements. See sample output below: Please...

Answered: 1 week ago

Question

★★★★★
Calculate the centripetal acceleration (in m/s 2 ) of a car traveling 17 m/s around a curved road with a radius of10 m.

Answered: 1 week ago

Question

★★★★★
Consider a firm with an EBITDA of $1,100,000 and an EBIT of $1,000,000. The firm finances its assets with $4,550,000 debt (costing 8.3 percent, all of which is tax deductible) and 203,000 shares of...

Answered: 1 week ago

Question

★★★★★
Control: On a monthly basis, the financial analyst performs the reconciliation of the AR subledger system to the general ledger. All reconciling items in excess of US$15,000 are investigated and...

Answered: 1 week ago

Question

★★★★★
TB Problem Qu. 9-402 (Static) Hislop Tech is a for-profit vocational... Hislop Tech is a for-profit vocational school. The school bases its budgets on two measures of activity (i.e., cost drivers),...

Answered: 1 week ago

Question

★★★★★
An analysis of the transactions made by Blossom & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $550 for rent, $3,800 for salaries and wages, and...

Answered: 1 week ago

Question

★★★★★
A company plans to configure a vessel's journey in Dynamics 365 Supply Chain Management by using the landed cost functionality. The company needs to track the details of each step of the journey...

Answered: 1 week ago

Question

★★★★★
1. Briefly explain boiling and condescension processes and give three applications for each process. 2. A cylindrical brass boiler of 30 centimeters and thickness of 1cm is filled with water and...

Answered: 1 week ago

Question

★★★★★
Activity-bused cosiing; advanced) Stylish Components manufactures two products. Following is a production and cost analysis for each product for the year 2007. Peter Yound, the firms cost accountant,...

Answered: 1 week ago

Question

★★★★★
(Using ABC to set price) The budgeted manufacturing overhead costs of Up- and-Out Door Company for 2006 are as follows: For the last live years, the cost accounting department has been charging...

Answered: 1 week ago

Question

★★★★★
(Activity driver analysis and decision making) Elsinore Manufacturing is con cerned about its ability to control factory labor-related costs. The company has recently finished an analysis of these...

Answered: 1 week ago

Previous Question Next Question