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There are two stores at a mall, the mall can be protected by security guards, q measures the hours of security guard services provided. 1 The demand for security services by Logan's bait shop is: q = 10 – p. The demand for security services by Shane's Jewelers is: q1 = 30 – 2p. a) What is the social demand for guard services, at a price of p=5 and at a price of p=10? b) Logan is not willing to pay for a security guard, how many hours of guard services will Shane purchase, at a price of p=5 and at a price of p=10? |

There are two stores at a mall, the mall can be protected by security guards, q measures the hours of security guard services provided. 1 The demand for security services by Logan's bait shop is: q = 10 – p. The demand for security services by Shane's Jewelers is: q1 = 30 – 2p. a) What is the social demand for guard services, at a price of p=5 and at a price of p=10? b) Logan is not willing to pay for a security guard, how many hours of guard services will Shane purchase, at a price of p=5 and at a price of p=10? |

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
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There are two stores at a mall, the mall can be protected by security guards, q measures the hours of security guard services provided. 1 The demand for security services by Logan's bait shop is: q = 10 - p. The demand for security services by Shane's Jewelers is: q1 = 30 – 2p. a) What is the social demand for guard services, at a price of p=5 and at a price of p=10? b) Logan is not willing to pay for a security guard, how many hours of guard services will Shane purchase, at a price of p=5 and at a price of p=10?
Transcribed Image Text:There are two stores at a mall, the mall can be protected by security guards, q measures the hours of security guard services provided. 1 The demand for security services by Logan's bait shop is: q = 10 - p. The demand for security services by Shane's Jewelers is: q1 = 30 – 2p. a) What is the social demand for guard services, at a price of p=5 and at a price of p=10? b) Logan is not willing to pay for a security guard, how many hours of guard services will Shane purchase, at a price of p=5 and at a price of p=10?
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