Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 22, 2024

Given: (x is number of items) Demand function: d(x) = 2880 x Supply function: s(x) = 5x Find the equilibrium quantity: Find the consumers

Given: (x is number of items) Demand function: d(x) = 2880 x Supply function: s(x) = 5x Find the equilibrium quantity: Find the consumers surplus at the equilibrium quantity: $ items

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

College Mathematics For Business Economics, Life Sciences, And Social Sciences

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

14th Edition

0134674146, 978-0134674148

More Books

Students also viewed these Mathematics questions

Question

On July 1, 2026, Oriole Co. issued 3200 shares of its $10 par common stock and 6400 shares of its $10 par convertible preferred stock for a lump sum of $179200. At this date Oriole's common stock was...

Answered: 1 week ago

Question

On September 2, 2020 Stone Inc. purchased and placed into service an office building. The purchase price was $4,500,000 ($3,750,000 building and $750,000 land). Stone Inc. was incorporated on July...

Answered: 1 week ago

Question

CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...

Answered: 1 week ago

Question

★★★★★

Cubitene is a diterpene present in the defense secretion of a species of African termite. What unusual feature characterizes the joining of isoprene units in cubitene?

Answered: 1 week ago

Question

★★★★★

The exergy of the steam at state 1 is nearest: (A) 1340 kJ/kg (B) 17900 kJ/kg (C) 3030 kJ/kg (D) 4400 kJ/kg Steam enters a turbine (see Figures 6.39 and 6.40) at 4 MPa and 500° C and leaves as...

Answered: 1 week ago

Question

★★★★★

Suppose you ask a senior manager for advice, as described in the guide. Does the managers response absolve you of guilt? Suppose you ask the manager and then do not follow her guidance. What problems...

Answered: 1 week ago

Question

★★★★★

Am I expecting too much from other people?

Answered: 1 week ago

Question

★★★★★

Patriot Company predicts that it will use 360,000 gallons of material during the year. The material is expected to cost $5 per gallon. Patriot anticipates that it will cost $72 to place each order....

Answered: 1 week ago

Question

★★★★★

Name one exclusion under the Levy Cap law.

Answered: 1 week ago

Question

★★★★★

The "You" Attitude Rewrite the following sentences to reflect your audience's viewpoint. 1. We request that you use the order form supplied in the back of our catalog. 2. We insist that you always...

Answered: 1 week ago

Question

★★★★★

YOU HAVE THE FOLLOWING WAGE BANDS. GRADE 1 GRADE 2 GRADE 3 GRADE 4 12-15 13-16 14-17 16-19 AND THE FOLLOWING EMPLOYEES A IN GRADE 1 AT 12.50 B IN GRADE 1 AT C IN GRADE 2 AT 13.00 15.75 D IN GRADE 2...

Answered: 1 week ago

Question

★★★★★

For the equation y=-7x+3 answer the following questions: What are the x-intercept(s) written as ordered pair(s)? Note: If there is more than one write them separated by a comma (i.e.: (1,2), (3,4))....

Answered: 1 week ago

Question

★★★★★

2. Christmas shoppers that had purchased a gift in the first week of December were surveyed; fifty-seven said they purchased the gift in a store. Twenty-five said they shopped both online and in...

Answered: 1 week ago

Question

★★★★★

2. Rationalize each denominator. 53 e. 23+4 32 f. 23-5 3. Rationalize each numerator. 3-7 e. 4 23+ 7 f. 5 7. Calculate the slope of the tangent to each curve at the given point or value of x. 2 c. y=...

Answered: 1 week ago

Question

★★★★★

Develop a causal circle based on the following: Walmart has been receiving complaints regarding length of time spent waiting in line.

Answered: 1 week ago

Question

★★★★★

What would you consider specific information as opposed to passive information that may only help in a bind, Is there specific information that you would research for?

Answered: 1 week ago

Question

★★★★★

help me plz Betty Harris Company was formed on December 1, 2024. The following information is available from Harris's inventory records for ProductBAP. A physical inventory on March 31, 2025, shows...

Answered: 1 week ago

Question

★★★★★

Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0

Answered: 1 week ago

Question

★★★★★

In Problem find the particular antiderivative of each derivative that satisfies the given condition. dy 6e' 7; y(0) = 0 dt

Answered: 1 week ago

Question

★★★★★

In Problem find the solution set. y y 1 4

Answered: 1 week ago

Question

★★★★★

In Problem use the given interest rate i per compounding period to find r, the annual rate. 0.47% per month

Answered: 1 week ago

Question

★★★★★

=+3. Let A and B denote the events A 5 there are more than three defective items in a random sample of ten items and B 5 there are fewer than six defectives in a random sample of ten items.

Answered: 1 week ago

Question

★★★★★

=+a. Describe, in words, the event A and B.

Answered: 1 week ago

Question

★★★★★

=+b. Describe, in words, the event A or B.

Answered: 1 week ago

Previous Question Next Question