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

Question

1 Approved Answer

Question 11 The Following Gives the Price-Supply equation, where T is the number of units supplied and S(x) is the market price. S(x) = 61(x

image text in transcribed

image text in transcribed
Question 11 The Following Gives the Price-Supply equation, where T is the number of units supplied and S(x) is the market price. S(x) = 61(x + 7) a) At a price of $33 how many units are supplied? (Round your answer up to the nearest whole unit) B) Find the Producers Surplus at a price of $33 Submit

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

Creating A Classroom Community Of Young Scientists A Journey Beyond Normality

Creating A Classroom Community Of Young Scientists A Journey Beyond Normality

Authors: Jeffrey W Bloom, Marc G Genton

2nd Edition

1135437270, 9781135437275

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Assume that the central bank of the country Zakow periodically intervenes in the foreign exchange market to prevent large upward or downward fluctuations in its currency (called the Zak) against the...

Answered: 1 week ago

Question

★★★★★
Two pennies, one with P(head) = u and one with P(head) = w, are to be tossed together independently. Define p0 = P(0 heads occur), p1 = P( 1 head occurs), p2 = P(2 heads occur). Can u and w be chosen...

Answered: 1 week ago

Question

★★★★★
For a continuous random variable X with distribution function F, we have F(x) = P(X = x).

Answered: 1 week ago

Question

★★★★★
Selected accounts of Welch Company are shown on the shown below. Instructions After analyzing the accounts, journalize (a) The July transactions (b) The adjusting entries that were made on July 31....

Answered: 1 week ago

Question

★★★★★
Required information Use the following information for the Exereises below. (Algo) The following information applies to the questions displayed below. Hart Company made 3,380 shelves using 22,380...

Answered: 1 week ago

Question

★★★★★
Hello, need help with the following questions. I upvote only if you provide me with an explanation and correct answers. 1. What is the difference between Tier 1 and Tier 2 Capital? a. Tier 1 capital...

Answered: 1 week ago

Question

★★★★★
Assume the US enacted tax rate is 30%, and a non-US subsidiary\'s local enacted rate is 25%. If the non-US subsidiary\'s outside basis for book exceeds outside basis for tax, at what total rate will...

Answered: 1 week ago

Question

★★★★★
Canada Sweden Real rate of interest required by investors 2% 2% Nominal interest rate 7% 4.5% Spot rate Swedish Krona SEK/CAD $0.1323 Use the differential in expected inflation to forecast the new...

Answered: 1 week ago

Question

★★★★★
In regards to productivity through the use of determining the number of units produced during each work hour by employees. How does this produce an accurate representation of each individual employee...

Answered: 1 week ago

Question

★★★★★
Q2 A large all-equity pension fund company with AUM of $500Billion that is closely following S&P 500 index is facing a possibility of new regulatory changes in its management of market risk. The new...

Answered: 1 week ago

Question

★★★★★
Locate a competitor for Mars. a. Identify ERM processes used by the organization that are the same or different from those used by Mars. b. Select two ERM processes used by the competitor that you...

Answered: 1 week ago

Question

★★★★★
Lguana, Inc., manufactures bamboo picture frames that sell for $30 each. Each frame requires 4 linear feet of bamboo, which costs $3.00 per foot. Each frame takes approximately 30 minutes to build,...

Answered: 1 week ago

Question

★★★★★
1. Discuss the following statement: Everything is seen, heard and said by a subject, and accordingly is subjective.

Answered: 1 week ago

Question

★★★★★
1. This chapter is designed to give the reader an understanding of how the way a problem is framed is crucial for how it is perceived, both by the recipient of a message and the person who wants to...

Answered: 1 week ago

Question

★★★★★
5. How is communication affected by how we demarcate the boundaries of a problem?

Answered: 1 week ago

Previous Question Next Question