1. At a price of $4 per slice, the supply of pizzas is 800 slices and the demand is 580 slices. At the price of $2 per slice, the supply is 600 slices and the demand is 830 slices. a. Find the price-supply equation in the form p= mx+b ilou sdre ta wofl buts b. Find the price-demand equation in the form p= mx+b h)-FO opo12 er ibior uoa onpdie t e coer o Sp yd bon c. Find the equilibrium point bloe bas bor
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- The demand and supply equations for a flat-screen television are p=5670.00002xDemandequationp=4920.00003xSupplyequation where p is the price per unit (in dollars) and x is the number of units. Find the consumer surplus and producer surplus for these two equations.At a price of $4.68 per pound, the supply for cherries is 16,186 pounds, and the demand is 10,295 pounds. When the price drops to $4.21 per pound, the supply decreases to 10,996 pounds and the demand increases to 12,591 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium quantity? Round to the nearest pound. pounds.At a price of $4.65 per pound, the supply for cherries is 16,117 pounds, and the demand is 10,232 pounds. When the price drops to $4.13 per pound, the supply decreases to 10,929 pounds and the demand increases to 12,809 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium price? $ per pound. Round to the nearest cent. At a price of $4.68 per pound, the supply for cherries is 16,186 pounds, and the demand is 10,295 pounds. When the price drops to $4.21 per pound, the supply decreases to 10,996 pounds and the demand increases to 12,591 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium quantity? Round to the nearest pound. pounds.
- I only need help with part D, but add the other parts of the question to give complete information so my question would not be rejected. At the price of $2.28 per bushel, the supply of barley is 7,500 million bushels and the demand is 7,900 million bushels. At a price of $2.37 per bushel, the supply is 7,900 million bushels and the demand is 7,800 million bushels. Find the price-supply equation of the p= mx+b. Find the price demand equation of the form p= mx +b. Find the equilibrium point. Graph the price-supply equation, the price-demand equation, and the equilibrium point in the same coordinate system.When the cost of a resource is sunk, then the dual price can be interpreted as the a.maximum amount the firm should be willing to pay for one additional unit of the resource. b.minimum amount the firm should be willing to pay for one additional unit of the resource. c.maximum amount the firm should be willing to pay for multiple additional units of the resource. d.minimum amount the firm should be willing to pay for multiple additional units of the resource.A small plant manufactures riding lawn mowers. The plant has a net fixed cost (leases, insurance, and so on) of$56000/day and variable costs (labor, materials, and so on) of $1600 per unit produced. The mowers are sold for $2000each unit per day. Write down the appropriate cost and revenue equations for the problem respectively. Using theseequations, answer the following questions:(a) How many units must be manufactured and sold each day for the company to maintain break-even trade?(b) Plot both equations simultaneously in a graph, and clearly indicate break-even point, equilibrium point andequilibrium price in this trade to maintain revenue as expected. Interpret the significance of the regions to the left- andright-side of the break-even point in this business.
- A local travel agent has been authorized to sell three new vacation packages for a major airline . The three packages are priced at $800,950 and $1,200, respectively. The airline has promised a sizable bonus commission if total sales by the travel agent equal $100,000 or more .If x1,x2,and x3 equal the number of packages sold of types 1,2 and 3, respectively: A) Define the equation which states that total sales equal $100,000. B)If the airline specifies that the agent must sell 20 of the $12,00 packages and 10 of the $950 packages in order to qualify for the bonus,how many of the $800 packages will be necessary to qualify ? C) One strategy being considered by the agent is to sponsor a charter flight in which all persons would select same package. Given that three different charters could be planned, how many persons would have to sign up for each in order to qualify for the bonus?The Johnson Farm has 500 acres of land allotted for cultivating corn and wheat. The cost of cultivating corn and wheat (including seeds and labor) is $42 and $28 per acre, respectively. Jacob Johnson has $16,100 available for cultivating these crops. If he wishes to use all the allotted land and his entire budget for cultivating these two crops, how many acres of each crop should he plant? (Let x and y denote the number of acres of corn and wheat, respectively.) _____?_____=500 _____?_____=16,100 PLEASE DOUBLECHECKA salesperson earns a base salary of $1600 per month, plus a commission equal to 3% of her total sales for the month.For example, if the salesperson's monthly sales total was $500, she would earn a commission equal to 3% of $500. Her total monthly earnings would be equal to her base salary of $1600 plus her commission.Complete the chart by calculating both the salesperson's commission for each monthly sales total and their total monthly earnings. Monthly SalesTotal CommissionEarned Total MonthlyEarnings $0 $ $ $1000 $ $ $2000 $ $ $3000 $ $