The supply and demand for a video-game system are related to price by the equations y =

Question:

The supply and demand for a video-game system are related to price by the equations
y = 70 + 2x,
y = 175 - 5x,
Respectively, where y is the price, in dollars, and x is the number of units, in thousands. Find the equilibrium point for this product.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

College Algebra Graphs and Models

ISBN: 978-0321845405

5th edition

Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna

See More Books

Question Posted: Apr 12, 2016 09:53 AM

See More Questions

The supply and demand for a product are given by 2p - q = 50 and pq = 100 + 20q, respectively. Find the market equilibrium point?
The supply and demand curves for a new widget are shown in the graph. Notice there are two demand curves. The original demand curve is d1. Months after the product was introduced, there was a...
A company that produces and markets video game systems wishes to assess its customers level of satisfaction with a relatively new model, the XYZ Box. In the six months since the introduction of the...
In Exercises find the given higher-order derivative. 2 "(x) = 2 / f(x) X
Select the correct answer for each of the following questions. 1. On January 1, 20X7, the partners of Casey, Dithers, and Edwards, who share profits and losses in the ratio of 5:3:2, decided to...
Andrea is working on forecasting her financial statements for her consulting business. Discuss three suggestions for Andrea to make her forecasting more effective.
The swinging pendulum Refer to Exercise 31. Here is Minitab output from separate regression analyses of the two sets of transformed pendulum data: Transformation 1: (!length, period) Predictor Coef...
Model 99 Hotels is considering the construction of a new hotel for $80 million. The expected life of the hotel is 20 years with no residual value. The hotel is expected to earn revenues of $15...
Samantha just turned 40, would like to have an annual annuity of $20,000 paid over a 20 year period, the first payment occurring on her 66th birthday. How much must she save each year (end of year)...
Youve observed the following returns on Pine Computers stock over the past five years: 8 percent, 12 percent, 14 percent, 21 percent, and 16 percent. a. What was the arithmetic average return on the...
Christopher's boat travels 45 mi downstream in 3 hr. The return trip upstream takes 5 hr. Find the speed of the boat in still water and the speed of the current.
The point at which a company's costs equal its revenues is the break-even point. In Exercises 73-76, C represents the production cost, in dollars, of x units of a product and R represents the...
Adarsh Udyog Ltd incorporated on 1st May, 2016, received the certificate to commence business on 31st May, 2016. It had acquired a running business from Gupta and Co with effect from 1st January,...
Shamrock Investments has three divisions (Green, Clover, Seamrog) organized for performance evaluation purposes as investment centers. Each division's required rate of return for purposes of...
State the vertical asymptotes, if any exist for the function. T f(x) = x+81
4. Oh no! Prof. Conlin was doing the dishes, but ran out of space on his drying rack. He decided to set the last two bowls on a towel on the counter to dry. He wondered, "To make sure they get dry,...
It has been assumed so far that the firm will operate a project over its full physical life. However, may not be the best option - it may be better to abandon a project prior to the end of potential...
33-34 Find (a) f + g, (b) f- g, (c) fg, and (d) f/g and state their domains. 33. f(x)=25-x, g(x) = x+1 ===== 1 34. f(x)= x-1' 9(x)=-2 X
Use the Chain Rule to calculate the partial derivatives. Express the answer in terms of the independent variables. f. s r -; f(x, y, z) = xy + z2, x = s, y = 2rs, z = r2
Choose a company from the SEC EDGAR Web site for your Key Assignment to evaluate for the impact of convergence to IFRS. Review the financial reports and notes of the company you have chosen from the...
Solve each equation in Exercise 1 for x?
Rewrite each exponential equation in logarithmic form using the definition of a logarithm. Then solve for x. (Give your answers rounded to four decimal places.) a. 10x = 0.001 b. 5x = 100 c. 35x = 8...
Graph each equation. Write a sentence explaining how the graph compares to the graph of either y = 10x or y = log x. a. y = log (x + 2) b. y = 3 log x c. y = - log x - 2 d. y = 10 x + 2 e. y = 3...
Use the failure probability and consequence scores shown in the table to determine the risk factor for the project. Maturity 0.2 Cost 0.5 Complexity 0.5 Schedule 0.1 Dependency 0.4 Reliability 0.2...
Heidi, age 61, has contributed $20,000 in total to her Roth 401(k) account over a six-year period. When her account was worth $50,000 and Heidi was in desperate need of cash, Heidi received a $30,000...
The liability for preferred dividends declared is recorded on the date of record. 1 point True False

The supply and demand for a video-game system are related to price by the equations y =

Question:

Step by Step Answer:

Familiarize and Translate We use the system of equations given in the problem y 70 2x 1 y 1 75 5...View the full answer

College Algebra Graphs and Models

Students also viewed these Linear Algebra questions