Question

Asked Mar 13, 2019

173 views

For the pair of supply and demand equations where x represents the quantity demanded in units of 1000 and put is the unit of price in dollars find the equilibrium quantity and the equilibrium price 2x+9p-93=0 and 3x-12p+108=0

1 Rating

Step 1

Consider the supply and the demand function as follows,

2*x *+ 9*p *= 93 (1).

3*x *–12*p *= –108 (2).

Step 2

Multiply the first equation with 3, multiply the second equation with 2 and subtract the equation (2) from (1).

Step 3

Solve the expression 51*p* = 49...

Tagged in

Q: pls explain to step by step and dont skip any steps. thanks

A: To anayze the behaviour of the critical points using the eigenvalues (and eigenvectors)

Q: Use Simpson's rule to approximate the following integral and compare your 1. result to the exact val...

A: The integral is given as

Q: Let A, B, C, and D be sets.

A: First, (AxC)U(BXD) ⸦(AUC) x(BUD)Take left hand side first , let (x,y) ∈(AxC) U(BxD)=> (x,y) ∈(Ax...

Q: Solve the given initial value problem using the method of exactness. xy dy+(2x2+3y2-20) dy=0, y(0)=1

A: The equation is in the form Mdx+Ndy =0, with M = xy and N = 2x2+3y2-20.Check the exactness of the eq...

Q: Consider the Linear programming below: Max 3x1+2x2 subject to 2x1+x2>=6 x1>=2 x1,x2>=0 Det...

A: Consider the Linear programming below:Max. 3x1+2x2Subject to

Q: MECHANICAL VIBRATIONS PROBLEM (Differential Equations): A force of 400 Newtons stretches a spring 2 ...

A: Let x(t) be the position function and v(t) be the velocity function.Given that, the initial displace...

Q: Z is a complex variable, z=x+iy question attached in photo

A: To calculate theline integral over different paths

Q: Using any method you wish calculate the following function: g(x) = (27)-12 exp(-t2 / 2)dt Recall the...

A: To convert the evaluation of the definite integral to an initial value problem in ordinary different...

Q: A theater is presenting a program on drinking and driving for students and their parents or other re...

A: Let x= number of adults Let y= number of parents To maximize the revenue Z=14x+7y,Subject to a contr...