Suppose the supply per week for a product is 1254 units if the price per unit is $46 and 1518 units at $79 per unit. Assume that the supply function is linear.

Q: The manager of a furniture factory finds that it costs $2200 to produce 100 chairs in one day and…

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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: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed…

A: Given  Fixed cost : $35 Cost of 8 items to produce is $395

Q: Suppose that consumers will demand 20 units of a produ when the price is $60 per unit, and 30 units…

A: The point - slope form of the equation of straight line is : y - y1 = m ( x - x1 ) m is the slope of…

Q: A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $12 the…

A: Here, the problem says that "attendance is linearly related to ticket price." That tells you that…

Q: The percentage of automobile consumers who are under 50 years of age decreased approximately…

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Q: What is the slope of the linear function given the following table?

A: Solution: The objective is to find the slope of the linear function from the given table

Q: Suppose a company sells a certain product of x quantity and the price in dollars that modeled by the…

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Q: Assume that the situation can be expressed as a linear cost function.  Marginal cost is $25; 190…

A: GIVEN: Marginal cost = $25

Q: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed…

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Q: The average ticket price for a concert at the opera house was $50. The average attendance was 4000.…

A: frame the problem on a simple graph . Then use the slope point formula to solve the problem.

Q: Suppose that Internet domain names are sold at a price of $P per month for $2 ≤ P ≤ $100. The number…

A: Consider that the number of customers are linear functions of price that is, C=aP+b. Given when…

Q: Assume that the linear cost and revenue models apply. An item costs $6 to make. If fixed costs are…

A:

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: The percentage of households with a television tuned in to ad-supported cable increased…

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Q: suppose the total cost for a company to produce 150 washing machine is $46,500. the same company can…

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Q: A firm will break even (no profit and no loss) as long as revenue just equals cost. The value of x…

A: Given: Fixed cost       : $450 Variable cost  : $10 Price of item   : $25

Q: If the demand for a thingy is 12,000 per month when the price is $12 and 15,000 when the price is…

A: Find the slope of function.

Q: Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500…

A: It is given that the demand for farming studs is 2,500 when the price is $4.75 and the demand is…

Q: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed…

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Q: A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per…

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Q: parking

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Q: Find and interpret the slope for each real-world situation. 13. 180 (8, 170) 160 140 120 100 (4,…

A: To find and interpret the slope for each real-world situation. (13)  (14)

Q: A baseball team plays in a stadium that holds 50000 spectators. With the ticket price at $8 the…

A: First we have make revenue function And then calculate it's derivative to find price for ticket to…

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: Suppose that the consumer price index (CPI), which measures the cost of a typical package of…

A: Consider two points (x1, y1) and (x2, y2). Then, the regression equation is, (y – y1)/(x – x1) = (y2…

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

A:

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: If the revenue function for a particular commodity is R(p) = −5 q(p) = -56p² + 62p, what is the…

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Q: In a company having 20 part time employees costs $750. Having 25 part time employees costs $1480.…

A: Given.

Q: When a wholesaler sold a product at $50 per unit, sales were 208 units per week. After a price…

A: Given that  The demand function is linear. A product is sold at $50 per unit and the sales is 208…

Q: The credit remaining on a phone card (in dollars) is a linear function of the total calling time…

A: Given: The credit remaining on a phone card (in dollars) is a linear function of the total calling…

Q: It is known that the demand function for a good is shown by the equation P = - 5Q + 110 and the…

A: Given that, the demand function is px=-5Q+110 and the production cost is Cx=100+10Q+5Q2. Obtain the…

Q: A company charting its profits notices that the relationship between the number of units sold, x,…

A: Given: Profit earned on selling 200 units is $3100. Profit earned on selling 252 units is $6000.…

Q: QUESTION 2 Assume that the linear cost and revenue models apply. An item costs $2 to make, If fixed…

A: Solution: According to the linear model, R(x) =mx +b Total Cost = $6000 + (2*400) = $14000 Profit =…

Q: The demand equation for a manufacturer's product is p= 100 – q, 0<q< 60, where q is the number of…

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Q: salesman at a furniture store that is costs $4400 to produce 10 tables and $9600 to produce 300…

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Q: Assume it costs Microsoft $4,700 to manufacture 5 Xbox 360s and $7,650 to manufacture 10. Obtain the…

A: according to question, we have to assume it  costs Microsoft $4,700 to manufacture 5 Xbox 360s and…

Q: The manager of a furniture factory finds that it costs $2200 to produce 100 chairs in one day and…

A: For x = 100 chairs, cost = $ 2200  For x = 300 chairs, cost = $ 4400    Hence, equation of this…

Q: Assume that the linear cost and revenue models apply. An item costs $3 to make. If fixed costs are…

A: Revenue generated is the price which we get on selling an item . It consists of  (making cost +…

Q: Consider that the relation between the cost of production, the lot of size production and the number…

A: Multiple regression requires two or more predictor variables, and this is why it is called multiple…

Q: A. Assuming that the total cost per day, C(x), is linearly related to the total output per day, x,…

A: Given:-   A company is planning to manufacture snowboards. The fixed costs are $100 per day and…

Q: When Green Eggs and Ham are sold for $4.00 per apple at Whoville, approximately 2500 servings are…

A: Suppose P(x) =m·x+c be the linear demand function. Also, P(x) represents price per unit when x…

Q: Given Cost and Price​ (demand) functions C(q)=100q+40000 and p(q)=−2.2q+900​, what profit can be…

A: Given query is to find the profit for the price of $550.

Q: Assume that the situation can be expressed as a linear cost function. Find the cost function.…

A: Given Marginal cost (m)=$120 700 Items cost $96,500

Q: Suppose a certain home improvement outlet knows that the monthly demand for framing studs is 2,500…

A: Given, Monthly demand for farming studs is 2500 when the price is $ 5 Monthly demand for farming…

Q: Assume that the situation can be expressed as a linear cost function. Find the cost function. Fixed…

A: We will solve the problem

Q: A baseball team plays in a stadium that holds 60000 spectators. With the ticket price at $11 the…

A: It is given that, the attendance is linearly related to the ticket price, and when the ticket price…

Q: A company is planning to manufacture snowboards The fixed costs are $400 per day and total costs are…

A: Given: