Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 25, 2024

How to solve? Given: (x is number of items) Demand function: d(a:) : 3:98 a: Supply function: 3(33) : 3% Find the equilibrium quantity: Find

How to solve?

Given: (x is number of items) Demand function: d(a:) : 3:98 a: Supply function: 3(33) : 3% Find the equilibrium quantity: Find the producer surplus at the equilibrium quantity: S S

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

WebAssign For College Algebra And Calculus An Applied Approach

Authors: Ron Larson

1st Edition

1337876577, 9781337876575

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Assume in its annual report filed with the SEC for the year ended December 31, 2013, General Motors reported that it wrote down inventory by $336 million because its cost exceeded its net realizable...

Answered: 1 week ago

Question

★★★★★

Approximate the change in the volume of a right circular cylinder of fixed radius r = 20 cm when its height decreases from h = 12 cm to h = 11.9 cm (V(h) = r 2 h).

Answered: 1 week ago

Question

★★★★★

4. Demonstrate how to do the assignment, do the first few questions together, or provide a sample worksheet.

Answered: 1 week ago

Question

★★★★★

Canning company: budgeting process Budgeting allows an organization to identify potential problems so that plans can be developed to avoid these problems or to deal with them systematically. Give an...

Answered: 1 week ago

Question

★★★★★

The following information is for X Company for the year: Equipment, January 1 Equipment, December 31 Cost of equipment sold Purchase of equipment $13,230 12,643 7,101 8,412 What was depreciation...

Answered: 1 week ago

Question

★★★★★

1. Calculate the NPV of the wildcat oil well, taking account of the probability of a dry hole, the shipping costs, the decline in production, and the forecasted increase in oil prices. How long does...

Answered: 1 week ago

Question

★★★★★

Brown Corporation purchased 85% of the stock of Green Corporation five years ago for $850,000. In the current year, Brown Corporation liquidates Green Corporation and acquires assets with a basis to...

Answered: 1 week ago

Question

★★★★★

CP8-10-submit in Canvas (round all answers to the nearest dollar) n PV$1 FV$1 PVA FVA 5 6% 0.747258 4.212364 1.338226 5.637093 60 0.50% 0.741372 1.348850 51.725561 69.770031 1. You want to buy a...

Answered: 1 week ago

Question

★★★★★

Assume a budget for City has been approved and the following information is available: . Estimated inflow from revenue $900,000. Estimated inflow from general long-term debt $100,000. Transfer from...

Answered: 1 week ago

Question

★★★★★

You notice several adult guests playing in the pool. Their play is getting slightly more aggressive and loud and several guests who were near them have moved away. How would you respond?

Answered: 1 week ago

Question

★★★★★

Kubin Companys relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $...

Answered: 1 week ago

Question

★★★★★

1. You are developing a multimedia product to be sold on CD-ROM. You wish to use the following media assets within this product. How would copyright and intellectual property laws affect your use of...

Answered: 1 week ago

Question

★★★★★

The December 31, 20X8, balance sheets for Pint Corporation and its 70 percent-owned subsidiary Saloon Company contained the following summarized amounts: PINT CORPORATION AND SALOON COMPANY Balance...

Answered: 1 week ago

Question

★★★★★

11. Give two examples of each of the following heuristic assessment mechanisms. a) We use the information that is currently accessible. b) We assume an initial anchor point (value). c) We compare to...

Answered: 1 week ago

Question

★★★★★

4. Give an example of how the consistency principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★

6. Give an example of how the liking principle can be used to influence others.

Answered: 1 week ago

Previous Question Next Question