Assume that the demand curve D(p) given below is the market demand for widgets:
Q=D(p)=1204−11p, p > 0
Let the market supply of widgets be given by:
Q=S(p)=−3+6p, p > 0
where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.
What is the equilibrium price?
Please round your answer to the nearest hundredth.
What is the equilibrium quantity?
Please round your answer to the nearest integer.
What is the consumer surplus at equilibrium?
Please round the intercept to the nearest tenth and round your answer to the nearest integer
What is the producer surplus at equilibrium?
Please round the intercept to the nearest tenth and round your answer to the nearest integer.
What is the unmet demand at equilibrium?
Please round your answer to the nearest integer.
Answers
Answer:
Step-by-step explanation:
I'll use y for quantity and x for price [love my x and y] and rewrite the demand and supply functions:
Demand: y=1204−11x
Supply: y = -3 + 6x
==
We want to know the equilibrium price and quantity. The quantities purchased and sold would be equal to the quantities supplied:
1204−11x = -3 + 6x
-17x = - 1207
x = 71 The price of a widget is 71 units ($, €,£,¥, etc.) at equilibrium
A price of 71 would lead to a demand and supply of:
y = 1204−11x
y = 1204−11(71)
y = 423 Widgets
We can also plot this to find the point (71,423). See the attachment.
At this point, I'm uncertain how to answer the "producer surplus" and "unmet demand" at equilibrium. This is what I did, so please judge if it is correct.
The demand line, y=1204−11x, tells us that if the price were 0, the demand would be 1204, which I'll assume in the maximum, since it is stipulated that x > 0 (I imagine it may no longer be a straight line when the price goes into negative territory. I'd be the first in line to accept a widget and $5 if they were priced at -$5).
At equilibrium, therefore, we would still have an unmet demand of (1204 - 423) or 781 widgets that customers wanted, but wouldn't pay the price.
It seems to me that this would also be the unmet demand: Product that could have been sold, but wasn't, due to the price. I'm unsure, however.
Related Questions
I tried everything from adding to dividing, subtracting, multiplying but still no correct answer. Can someone help me out here please? Thank you for your time.
Answers
Answer:
68%
Step-by-step explanation:
6,753/100=67.53 which rounds up to 68%
4 t-shirts and a hat costs £31.00
2 t-shirts and a hat costs £17.00.
How much does a t-shirt cost?
How much does a hat cost?
Answers
Answer:
t- shirt cost £7, hat cost £3
Step-by-step explanation:
let t represent cost of t- shirt and h represent cost of hat , then
4t + h = 31 → (1)
2t + h = 17 → (2)
Subtract (2) from (1) term by term to eliminate h
(4t - 2t) + (h - h) = 31 - 17 , that is
2t = 14 ( divide both sides by 2 )
t = 7
Substitute t = 7 into either of the 2 equations and solve for h
Substituting into (1)
4(7) + h = 31
28 + h = 31 ( subtract 28 from both sides )
h = 3
t- shirt cost £7 and hat cost £3
In this problem, assume that the probability that a person is born on a given day is 1/365. (For simplicity, ignore Feb 29.) In a group of 100, what is the expected number of pairs of people who have the same birthday
Answers
Answer:
the expected number of pairs of people who have the same birthday is 14
Step-by-step explanation:
The computation of the expected number of pairs of people who have the same birthday is as follows:
= 100 (100 - 1) ÷ 2 × 365
= 100 × 99 ÷ 730
= 9900 ÷ 730
= 13.5616
= 14
Therefore, the expected number of pairs of people who have the same birthday is 14
Suppose you choose a marble from a bag containing 4 red marbles, 2 white marbles, and 3 blue marbles. You return the first marble to the bag and then choose again. Find P(red then blue).
Answers
Answer:
4/27
Step-by-step explanation:
total number of marbles=9
probability of red=4/9
since you returned the first marble, the total number of marbles remains the same
prob(Blue)=(3/9)=1/3
P(red then blue)=(4/9)*(1/3)
=4/27
true or false?
help me please
Answers
Answer:
False
Step-by-step explanation:
The point that is equidistant from the vertices of a triangle is called the circumcenter.
9514 1404 393
Answer:
False
Step-by-step explanation:
The incenter is the center of the inscribed circle, which is tangent to all of the sides of the triangle. The incenter is equidistant from the sides, not the vertices.
_____
Additional comment
The circumcenter is the center of the circumscribing circle. Each of the vertices of the triangle is on the circumcircle, so the circumcenter is equidistant from the vertices.
The incenter is located at the intersection point of the angle bisectors. The circumcenter is located at the intersection point of the perpendicular bisectors of the sides.
HEYYYYYYYYYYYYYYY
PLEASE HELP AND BE CORRECT ANSWER AT THE BOTTOM
TELL ME WHERE TO PUT THE POINTS
Answers
Answer:
y = -3 (you have to draw an horizontal line that passes for the point (0,-3)
Step-by-step explanation:
We have to find the middle points of the segments that unite the corrispettive points.
We are lucky because the images of the points have the same x coordinate of the original ones, so we have just to find the y coordinates.
Segment CC‘
(y1 + y2)/2 = (-1-5)/2 = -3
Segment AA’
(0-6)/2 = -3
Segmet BB’
(1-7)/2 = -3
Segment DD’
(1-7)/2 = -3
In conclusion we can say that the points of the reflection have all the y coordinate equal to -3.
the line is horizontal and its equation is : y = -3
Which line is parallel to y = -2x + 8
Answers
Answer:
y=-2x-7
Step-by-step explanation:
after putting the choices with the question in a graph I found that that ones stays in a line with the question
Brainliest please!!
6. If gallon A has 8L of water and gallon B has 800 ml of water, calculate the total volume of water in both the gallons.
Answers
Answer:
send me again I can't understand question
what is the value of 3n +1 when n =4
Answers
Answer:
13
Step-by-step explanation:
since n is 4 substitute it where there's n in the equation
3(4)+1
12+1
13
I hope this helps
Answer:
13
Step-by-step explanation:
so you start with the equation 3n+1
since you know n=4 then u put it in place of n making the equation 3*4+1
then you multiply and it's 12+1 which equals 13
A newsstand spends $600 a month on rent and electricity, and it spends $2
for each magazine that it sells. The newsstand charges $5 for each
magazine. If n is the number of magazines, which equation represents the
profit function of the newsstand?
O A. p = 2n + 600
B. p = 3n-600
O c. p = 600n + 3
O D. p = 5n-600
Answers
Answer: B. p = 3n-600
Step-by-step explanation:
Cost = 2n + 600Earned = 5nProfit(p) = Earned - Cost
p = 5n - (2n + 600) = 5n - 2n - 600 = 3n - 600
The equation representing the profit function of the newsstand is
p = 3n - 600
Option B is the correct answer.
What is a function?A function has an input and an output.
A function can be one-to-one or onto one.
It simply indicated the relationships between the input and the output.
Example:
f(x) = 2x + 1
f(1) = 2 + 1 = 3
f(2) = 2 x 2 + 1 = 4 + 1 = 5
The outputs of the functions are 3 and 5
The inputs of the function are 1 and 2.
We have,
The revenue generated by selling n magazines is 5n dollars.
The cost of selling n magazines is the sum of the cost of purchasing n magazines and the fixed cost of rent and electricity, which is $2n + $600.
Now,
The profit function can be represented by:
p = revenue - cost
= 5n - (2n + 600)
= 3n - 600
Thus,
The equation representing the profit function of the newsstand is
p = 3n - 600
Learn more about functions here:
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There are 45 applicants for two Software
Maker positions.
I
Answers
Bill's father is three times Bill's age. Three years ago, Bill's father was four times Bill's age.
By forming two equations, find Bill's age now.
Answers
Answer:
12 and 36
Step-by-step explanation:
Call the age of both Bill and his father is a and b, respectively
we have:
b=3a
b-3=4(a-3) ->b=4a-12 -> 3a=4a-12 ->a =12 -> b=36
Find y on this triangle
Answers
Answer:
5√3 / 2
Step-by-step explanation:
tan 30 = ( 5 / 2 ) / y
1 / √3 = 5 / 2y
2y = 5√3
y = 5√3 / 2
Does the function ƒ(x) = (1∕2) + 25 represent exponential growth, decay, or neither?A) Exponential growth
B) Impossible to determine with the information given.
C) Neither
D) Exponential decay
Answers
Answer:
D) Exponential decay
Step-by-step explanation:
The correct function is:
[tex]f(x) = 25(1/2)^x[/tex]
Required
What type of rate is it
An exponential function is represented as:
[tex]f(x) = ab^x[/tex]
If
[tex]b > 0[/tex], then it represents growth
[tex]b < 0[/tex], then it represents decay
By comparison:
[tex]b = 1/2[/tex]
[tex]1/2 < 0[/tex]
Hence, the rate is exponential decay
Answer:
Step-by-step explanation:
I need help guys thanks so much
Answers
Answer: A & C
Step-by-step explanation:
[tex]i=\sqrt{-1}[/tex]
[tex]\sqrt{-1} *\sqrt{4} =\sqrt{-4}[/tex]
You can also simplify the above by taking the -4 out of the radical
It becomes 2 x [tex]\sqrt{-1}[/tex], which can be simplifed to C
Help with this Area question
Answers
Step 1: Find the area of the rectangle
A = base x height
A = 39 x 20
A = 780
Step 2: Find the area of the semi-circles
---Two semi-circles is the same as one whole circle, so I will be finding the area of one whole circle.
A = pi x r^2
A = pi x 10^2
A = 100pi = 314
Step 3: Find the area of the figure
Area = area of the rectangle - area of the semi-circles
A = 780 - 314
A = 466 cm^2
Hope this helps!
Answer:
466 cm^2
Step-by-step explanation:
This one is done basically the same as the other.
Rectangle = 20 x 39
Circle = (3.14) x 10^2
Rectangle = 780
Circle = 314
rectangle - circle
780 - 314 = 466
i need some help with this question. it says find x
Answers
Answer:
x = 9.8
Step-by-step explanation:
Please see attached photo for diagram.
We'll begin by calculating the value of y. This can be obtained as follow:
Angle θ = 45
Opposite = 6
Hypothenus = y
Sine θ = Opposite /Hypothenus
Sine 45 = 6/y
0.7071 = 6/y
Cross multiply
y × 0.7071 = 6
Divide both side by 0.7071
y = 6 / 0.7071
y = 8.5
Finally, we shall determine the value of x. This can be obtained as follow:
Angle θ = 60
Opposite = 8.5
Hypothenus = x
Sine θ = Opposite /Hypothenus
Sine 60 = 8.5 / x
Cross multiply
x Sine 60 = 8.5
Divide both side by sine 60
x = 8.5 / sine 60
x = 8.5 / 0.8660
x = 9.8
Which polynomial function is best represented by the graph?
ƒ(x) = –x(x – 1)4
ƒ(x) = x2(x + 1)3
ƒ(x) = x2(x – 1)3
ƒ(x) = x(x – 1)4
Answers
Answer: ƒ(x) = x2(x – 1)3
If using the method of completing the square to solve the quadratic equation x 2 − 9 x − 8 = 0 x 2 −9x−8=0, which number would have to be added to "complete the square"?
Answers
Answer:
Add 81/4 to both sides.
Step-by-step explanation:
x^2 − 9x − 8 = 0
x^2 - 9x = 8
Take the coefficient of the x term: -9
Divide by 2: -9/2
Square it: 81/4
Add 81/4 to both sides.
The purchase price of a new machine is 3500 000 dinars. its value will decrease by
300 000 dinars each year.write a linear model that expresses the value of the
machine (t) years after its purchased :
A) p = 300 000 -3500000t
B) p = 3500 000 +300000t
C) p = 3500 000-300000t
D) p = 300 000+3500000t
Answers
For the function in the graph, find the values of f(-4), f(-1), and f(1).
Answers
Answer:
f(-4) = -1
f(-1) = -4
f(1) = 4
Step-by-step explanation:
We need to find the y value for the x values
f(-4) means find the y value for x= -4
f(-4) = -1
f(-1) = -4
f(1) = 4
The best basketball player
Answers
Answer:
c
Step-by-step explanation:
hope it helps!!!!!!!!!!!!!!
A party rental company has chairs and tables for rent. The total cost to rent 6 chairs and 5 tables is $63. The total cost to rent 2 chairs and 3 tables is $35. What is the cost to rent each chair and each table?
Answers
Answer:
1.75dollars - the value of each chair, 10.5 dollars - the value of each table
Step-by-step explanation:
The value of chair is x, the value of table is y. Then 6chairs cost 6x, 5 tables cost 5y. 6x+5y= 63
Then the value of 2 chairs is 2x, for 3 tables it is equal to 3y. 2x+3y=35
We have the system of equations6x+5y= 63 and 2x+3y=35
Multiply the second one by -3
-3(2x+3y)= -3*35
-6x-9y= -105.
Plus the first equation and the second one multiplied by -3 (the right side to the right side and the left side to the left side with sign= between them)
6x+5y-6x-9y= 63-105
-4y= -42
y=10.5 dollars - the value of a table
6x+5*10.5=63
6x= 63-52.5
6x=10.5
x=1.75dollars - the value of a chair
. A ride at a county fair spins in a circle of radius (in meters). The centripetal force experienced by one of the passengers on the ride is modeled by the equation below, where is the number of seconds the ride takes to complete one revolution and is the mass (in kilograms) of the passenger. Tom, whose mass is kilograms is on a ride that is spinning in a circle at a rate of seconds per revolution. The radius of the circle is meters. Letting , how much centripetal force does Tom experience
Answers
Answer:
150 Newtons
Step-by-step explanation:
Given
[tex]t = \sqrt{\frac{4\pi^2mr}{F}}[/tex]
[tex]t = 12[/tex]
[tex]r =6.5[/tex]
[tex]\pi = 3.14[/tex]
[tex]m = 84.4[/tex]
See attachment
Required
Find F
We have:
[tex]t = \sqrt{\frac{4\pi^2mr}{F}}[/tex]
Square both sides
[tex]t^2 = \frac{4\pi^2mr}{F}[/tex]
Multiply both sides by F
[tex]Ft^2 = 4\pi^2mr[/tex]
Divide both sides by [tex]t^2[/tex]
[tex]F = \frac{4\pi^2mr}{t^2}[/tex]
Substitute known values
[tex]F = \frac{4*3.14^2*84.4*6.5}{12^2}[/tex]
[tex]F = \frac{21635.90624}{144}[/tex]
[tex]F = 150.249348889[/tex]
[tex]F = 150N[/tex]
An unknown number becomes 30 when rounded to the nearest ten. Which could NOT be the unknown number?
A. 24
B. 25
C. 28
D. 31
Answers
Answer:
A. 24
Step-by-step explanation:
Five and above rounds up
so 25,26,27,28,29 rounds up to 30
We leave it alone when 4 or less
34,33,32,31,30 remains at 30
24 would not round to 30
A line passes through the point (-3, -3) and has a slope of 1/2 What is the equation of the line?
Answers
Answer:
y= 1/2x-3/2
Step-by-step explanation:
The slope intercept form of a line is
y = mx+b where m is the slope and b is the y intercept
y = 1/2x+b
Using the point for x and y we can find b
-3 = 1/2(-3)+b
-3 = -3/2 +b
-6/2 = -3/2+b
Add 3/2 to each side
-6/2 +3/2 = b
-3/2 = b
y= 1/2x-3/2
Answer:
Step-by-step explanation:
y + 3 = 1/2(x + 3)
y + 3 = 1/2x + 3/2
y + 6/2 = 1/2x + 3/2
y = 1/2x - 3/2
HELP PLS ! ! !
What is |1 − 8i|?
A) √-65
B) 65
C) √65
D) √13
Answers
Answer:
C) SQRT(65)
Step-by-step explanation:
the magnitude of 1-8i is given by the following:
sqrt(a^2+b^2)
sqrt(1^2+8^2)
=sqrt(1+64)
=sqrt(65)
It is to be noted that the magnitude of |1 − 8i| is √(65) (Option C)
What is the computation of the above?To find the magnitude (or absolute value) of a complex number, we use the formula |a + bi| = √(a² + b²). In this case, the complex number is 1 - 8i.
Using the formula, we have -
|1 - 8i| = √(1² + (-8)²)
= √(1 + 64)
= √65
Hence, the magnitude of 1 - 8i is √65.
So the correct answer is C) √65.
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Find the missing side length in the image below
Answers
Answer:
87.5
Step-by-step explanation:
Let the missing side be x.
28 / 35 = x / 50
4 / 7 = x / 50
4 ( x ) = 7 ( 50 )
4x = 350
x = 350 / 4
x = 87.5
The measure of AD is v10. Find the AREA of the parallelogram below.
Leave answers in exact form (no decimals). Simplify all radicals and
rationalize the denominator. (You may write roots in the following ways:
2root5 or 2r5)
WILL GIVE BRAINLIEST
Answers
which fraction has a greater value than 0.4
Answers
Answer:
0.4 as a fraction is 2/5, so as long as the fraction is greater than 2/5 then you are good
5/9 || 0.55
Step-by-step explanation:
