At a price of $70 there is demand for 756 items and a supply of 350 items. At a price of $130 there is demand for 216 items and a supply of 650 items. Assuming supply and demand are linear, find the equilibrlum price and quantity.

Q: The manager of a restaurant found that the cost to produce 150 cups of coffee is ​$​84, while the…

A:

Q: the linearregression of a student's number of minutes is studying and his scores in examination is…

A:

Q: The weekly demand for shampoo in a chain of drugstores is 1,160 bottles at a price of $3.79 each. If…

A: Given that  When price of each bottle is $3.79, demand of bottle is 1160, Where as price of each…

Q: The city is considering a raise taxi rate. Currently taxi companies charges a 3.50$ flat fee and…

A: solution is given below..

Q: This linear model’s slope-intercept equation is .   If you spent 190 minutes over the phone in a…

A:

Q: An athletic stadium holds 105,000 fans. With a ticket price of $22, the average attendance has been…

A:

Q: Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the…

A: Here we are using a slope and point intercept form. p for price q for quantity The demand function…

Q: f ? = 0, then the two variables under consideration are linearly ________.

A:

Q: A group of retailers will buy 112 televisions from a wholesaler if the price is $300 and 152 if the…

A:

Q: Suppose that a company wishes to predict sales volume based on the amount of advertising…

A:

Q: A parking garage charges 3 dollars plus 85 cents per half-hour.  A linear cost function for the…

A:

Q: Wilderness Fanatic, a manufacturer of outdoor goods, is willing to supply 1200 of its Blue Thrash…

A: Given : y1 = 1200 P1 = 414 ( y2-y1) = - 625 (P2-P1) = - 75   Y = 1210

Q: Find the general linear equation for demand if at a price of 4 dollars consumers demand 10 units of…

A:

Q: If the company has a target sales volume of $275,000, how much should the sales manager allocate for…

A: Here given regression equation  Estimated Sales Volume=46.22+0.45(Advertising Expenditures)

Q: A plant can manufacture 50 tennis rackets per day for a total daily cost of $3855 and 60 tennis…

A: Introduction: A straight line's general equation is y = mx + c, where m denotes the gradient and y =…

Q: Price 2000 Demand Supply 1500- 1000 - 500 - 5 10 15 20 25 Quantity (tons)

A: Explanation: According to the given graph, For Demand curve:  Write the linear equation for this…

Q: A cannery processed 1445 pounds of strawberries in 4.5 hours. The cannery processed 2,320 pounds in…

A: GivenA cannery processed 1445 pounds of strawberriesin 4.5 hoursand 2320 pounds in 7 hours

Q: Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the…

A: Given the monthly demand is 180 when price is $800 and 240 when price is $700. Let p be price q be…

Q: A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $12 the…

A:

Q: A coffee shop sold 500 lattes a day at a price of $3.50. they raise the price by 25 and sold 60…

A: Given the data :

Q: EJ Bike Supplier Inc. offers imported mountain bikes for customers. On théir first week of…

A: A linear relationship is a relation that graphically represents a straight line. If we connect the…

Q: Producers will make 2000 refrigerators available when the unit price is $370. At a unit price of…

A: Coordinates are (2000, 370) and (6000, 410) Then we use the two-point formula

Q: For the pair of supply-and-demand equations, where x represents the quantity demanded in units of…

A: According to the given information:X represents the quantity demanded in units of 1000 and p is the…

Q: At a price of $70 there is demand for 756 items and a supply of 350 items. At a price of $130 there…

A: According to the given information,

Q: A manufacturer has a fixed cost of $10,000. If it costs the company $17,515 to produce 45 units, how…

A: Consider the given information areFixed cost = 10,000$Cost of the 45 units = 17,515$cost function is…

Q: It costs a company $58 to produce 6 units of a product and $78 to produce 10 units. Assuming that…

A:

Q: If there is no linear relationship between x and y, the variables are linearly _________.

A: Linear correlation coefficient: The linear correlation coefficient for n data points is given as,…

Q: A pharmaceutical salesperson receives a monthly salary of $4800 plus a commission of 4% of sales.…

A:

Q: CB Games, Inc. will supply 3250 of a certain board game if the wholesale price is $2.425 each but…

A: Given that when the whole sale price is $2.425, the quantity supplied is 3250 and when the whole…

Q: At a unit price of $625, the quantity demanded of a certain commodity is 75 pounds. If the unit…

A: For the given condition, the demand decreases with the increase in unit price.At initial stage, unit…

Q: The manager of a restaurant found that the cost to produce 150 cups of coffee is ​$80.00​, while the…

A: Let's find.

Q: Suppose that a company wishes to predict sales volume based on the amount of advertising…

A: Define, x : Advertising Expenditure (in thousands of dollars) y : Sales Volume (in thousands of…

Q: After filling the ketchup dispenser at the snack bar where she works, Kelley measures the level of…

A: Consider the provided question, (a) Let x represent the number of hours since she filled it and y…

Q: people eat cereal as a daily source of fiber, and these cereals contain the mineral potassium.…

A:

Q: A soccer stadium at Modesto Junior College holds 200 spectators.  With a ticket price of $7, the…

A: Let x be the price of ticket and y be the number of spectators. Attendance is linearly related to…

Q: By your cell phone contract, you pay a monthly fee plus some money for each minute you use the phone…

A: In this problem we have to calculate the billing equation based on fixed monthly fee and a fixed…

Q: The quantity of supply and demand for Vince Ferguson Bobbleheads is related by the supply equation,?…

A:

Q: At a price of $4.67 per pound, the supply for cherries is 16,273 pounds, and the demand is 10,391…

A:

Q: Find the general linear equation for demand if at a price of 4 dollars consumers demand 10 units of…

A: Two points are given so just write the equation of line in two points form.

Q: a company had a sales of $1,330,000 in 2011 and $1,800,000 in 2015. The company's sales can be…

A: The given statement is, A company had a sales of $1,330,000 in 2011 and $1,800,000 in 2015. The year…

Q: You decide to purchase a brand new boat for $19,000. You sell it 8 years later for its worth $7,500.…

A:

Q: A baseball team plays in a stadium that holds 48000 spectators. With the ticket price at $12 the…

A: Let the ticket price be $x and attendance is linear function of x, say Px.  When the ticket price at…

Q: Poverty incidence can be predicted using the linear equation Y=0.12+0.6558X  , where Y refers to the…

A: From the above data We are given that the regression equation Y=0.12+0.6558X If PHEAD in province A…

Q: A baseball team plays in a stadium that holds 70,00 spectators. With the ticket price at $9 the…

A: Let x be the ticket price and y be the attendance.It is given that attendance is linearly related to…

Q: Suppose a certain outlet chain selling appliances has found that for one brand of home theater, the…

A: Here we find linear function for demand.

Q: The population of moose in a national forest was measured to be 14,000 in 2004 and was measured…

A:

Q: Bicycle suppliers will make 100 bicycles available in the market per month, represented by x, when…

A: An equation that expresses the relationships between the unit price and the quantity supplied is…

Q: For the pair of supply-and-demand equations, where x represents the quantity demanded in units of…

A: For finding the equillibrium quantity and equallibrium price, solve the both equation and find the…

Q: A car rental agency rents 220 cars per day at a rate of 28 dollars per day. For each 1 dollar…

A:

Q: Suppose that a company wishes to predict sales volume based on the amount of advertising…

A: Given : Estimated Sales Volume=46.67+0.46(Advertising Expenditures)