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The price p and the quantity x ? p=-(1)/(7)x+160,0<=x<=1120 What quantity x maximizes reve.
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- a. Estimate the equlibrium price and quantity of the market whose demand and supply functionsare pd = −(q + 4)2 + 100 and ps = (q + 2)2respectively. b. If the region A (shaded grey) in the diagram above represents a solution set, derivethe system of inequalities which define that region.In the supply equation; [Qdx=Px+1600], if Qdx=5688, then the price of the product is. Select one: a. 9100800.00 b. 4088.00 c. -4088.00 d. 7288.00The demand for pancakes is given by Qd = 40 – 5P and the supply is given byQs = 10P – 20, where P = price What is the equilibrium price and equilibriumquantity? i. The price for iPhones in Barbados has increased significantly. Demand for thecellular device has also increased. This is contrary to the law of demand. Doyou agree or disagree? Explain your answer. ii. Identify the flaw in this analysis: “If more Jamaicans become vegetarians, thedemand for beef will fall. The decrease in the demand for beef will cause theprice of beef to fall. The lower price, however, will then increase the demand.In the new equilibrium, Jamaicans might end up consuming more beef thanthey did initially.”
- Find the equilibrium price and quantity for two complementary goods slacks and jackets using elimination method. a) Qd=410-5Ps-2Pj Qs=-60+3Ps b) Qd=295-Ps-3Pj Qs=-120+2PjDemand and supply in a market are described by the equation: Qd=66-3P Qs=-4+2P Solvealgebraically to find equilibrium price and quantity.Determine the equilibrium price and the quantity of goods traded if the market function of cooking oil is known Qd = 20,000-5P ; Qs = -5000 + 20 P. and also draw the curve!
- True or False (explain why) The supply function is Qs = 85 + 0,5P, when the price is $100, then quanity supplied of X is 350 unitsThe demand curve for a swivel chair is given by p = 4000(3-q) dollars per swivel chair, where p is the price and q is the quantity, in thousands of swivel chair, demanded at that price.What quantity will be demanded if the price per swivel chair is $256.60?The demand curve for a swivel chair is given by p = 4000(3 -q) dollars per swivel chair, where p is the price and q is the quantity, in thousands of swivel chair, demanded at that price. What quantity will be demanded if the price per swivel chair is $256.60?
- 10) Suppose the price of X rises by 20 % on January 10, 2021 and that by March 10, 2021 the quantity of X demanded has fallen by 5 %. What must be true (ceteris paribus) about the quantity of X demanded as of December 10, 2021? a) it must be no greater than it was on March 10 b) it must be at least 20% above what it was on January 10 c) it must be greater than it was on March 10 d) it cannot be determined with the given informationIf in the study results obtained a demand and supply model for ties and suits: Demand for tie: Qdt = 410 – 5Pt – 2Ps Supply of tie: Qst = – 60 + 3Pt Demand for suit: Qds= 295 – Pt – 3Ps Supply of suit: Qss=–120 + 2Ps Based on the estimation results, then: a. Determine the general equilibrium price of a tie and suit b. What is the type of relationship between a tie and a suit? Explain your argumentEconomics ASAP) Average waiting time for ordering is 2minutes. However, in peak - hours, the timeincrease up to 6 minutes. Around 2- 4 people in line during thenormal time, and in the peak- hours, about4 - 6 people in the line for ordering. Customers usually wait 8 minutes to get their orders. In No peak- hour, No customers in the line.In No peak- hour, It took 3 minutes to getthe order. {ONLY ONE CASHIER AND ONE BARISTA CAN U CALCULATE THE ARRIVAL RATE,SERVICE RATE (CASHIER), SERVICE RATE (BARISTA)? AND BOTTLE NECK }