Stutz Department Store will buy 10 pairs of sunglasses if the price is $75 per pair and
Question:
Stutz Department Store will buy 10 pairs of sunglasses if the price is $75 per pair and 30 pairs if the price is $25. The supplier of the sunglasses is willing to provide 35 pairs if the price is $80 per pair but only 5 pairs if the price is $20. Assuming that the supply and demand functions for the sunglasses are linear, find the market equilibrium point.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
Demand 10 75 30 25 Supply 35 80 5 20 Demand S...View the full answer
Answered By
Anthony Ngatia
I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".
4.80+
76+ Reviews
152+ Question Solved
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Mathematics questions
-
A shoe store owner will buy 10 pairs of a certain shoe if the price is $75 per pair and 30 pairs if the price is $25. The supplier of the shoes is willing to provide 35 pairs if the price is $80 per...
-
Seaforth Sunglasses had the following transactions in December. The beginning inventory on 1 December consisted of 320 pairs of sunglasses at $80 each. Dec. 3 9 14 26 27 31 Purchased 302 pairs of...
-
1. How important is it to have a mix of products? When shoes slack off during the winter, the apparel business picks up. What are the implications of seasonal products? What problems does this create...
-
Prepare journal entries to record each of the following sales transactions of TFC Merchandising. TFC uses a perpetual inventory system and the gross method. May 1 9 Sold merchandise for $600, with...
-
Which of the following is the 25th term of the arithmetic sequence 12, 10, 8, 6, c? [8.2] A. -38 B. -36 C. 32 D. 60
-
What is the length L of the longest drift tube in a linac, which, operating at a frequency f = 50 MHz, is capable of accelerating protons to a maximum energy of E = 300 MeV?
-
Air flows steadily through a circular, constant-diameter duct. The air is perfectly inviscid, so the velocity profile is flat across each flow area. However, the air density decreases as the air...
-
Stock splits and stock dividends may be used by a corporation to change the number of shares of its stock outstanding. (a) What is meant by a stock split effected in the form of a dividend? (b) From...
-
X - rays having an energy of 3 0 1 keV undergo Compton scattering from a target. The scattered rays are detected at 3 1 o relative to the incident rays. Find the Compton shift at this angle. Round...
-
The following list of balance sheet items are in random order for Wilson Farms, Inc., at September 30, 2011: Instructions a. Prepare a balance sheet by using these items and computing the amount for...
-
A linear cost function is C(x) = 27.55x + 5180. (a) What are the slope and the C-intercept? (b) What is the marginal cost, and what does it mean? (c) What are the fixed costs? (d) How are your...
-
In Problem solve each equation by factoring. 49z 2 + 14z + 1 = 0
-
The Akins Corporation wishes to build a new smelting facility in Owens County, an area where air pollution exceeds primary air quality standards. (a) What legal difficulties may Akins face?
-
Scenario 1 Oscar (3yrs) and Bonnie (5yrs) are both in the bathroom before lunchtime. Bonnie returns to the room and calls out to you. "Oscar needs help, he had an accident". You enter the bathroom...
-
(5pts) Consider the following multi-threaded C code: 1: // Barrier waits for n threads to call barrier_wait before 2: // allowing the threads to continue. 3: void barrier_init(barrier_t* b, unsigned...
-
Austin has a goal of saving money for college. Which SMART goal component is the following? Austin will save $1,500. Measurable Specific Relevant Time-Based
-
The results from the ZAPS Lab indicate that people Are better at recognizing inverted faces than right side up faces Demonstrate quicker response time when evaluating inverted faces Experience great...
-
A spring has an unstretched length of 1 0 . 0 cm . A 2 5 g mass is hung from the spring, stretching it to a length of 1 5 . 0 cm . Once you determine the spring constant, you replace the mass with...
-
Why must the balance of Supplies be adjusted at the end of the period?
-
Explain five different cases of income exempt from tax with clear examples.
-
A box containing 500 smart phones has 20 defective phones. If 10 phones are selected together from the box, what is the probability that (a) All 10 are defective? (b) None is defective? (c) Half of...
-
To see whether a bank has enough minority construction company loans, a social agency selects 30 loans to construction companies at random and finds that 2 of them are loans to minority companies. If...
-
A high school principal must select 12 girls at random from the freshman class to serve as hostesses at the junior-senior prom. There are 200 freshman girls, including 20 from minorities, and the...
-
An automobile cooling system holds 16 L of water. How much heat does it absorb if its temperature rises from 20 C to 80 C? A 5.0 kg lead ball is dropped into a 2.0 L insulated pail of water initially...
-
A 15.0 kg box is allowed to slide from rest down a ramp that makes an angle of 30.0 o to the horizontal. The coefficient of friction between the box and the ramp is 0.400 and the ramp is 5.00 m long....
-
1. A bowling ball rolls without slipping up a ramp that slopes upward at an angle beta to the horizontal. Treat the ball as a uniform, solid sphere, ignoring the finger holes. What is the...
Study smarter with the SolutionInn App