Suppose the price and supply of the watch are related by the following equation, where p...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose the price and supply of the watch are related by the following equation, where p is the price (in dollars) and q is the quantity supplied (in hundreds) of watches. p = S(q) = 0.75q Answer parts e through g. e. Find the quantity supplied at a price of $0. At a price of $0, the supply is watches. f. Find the quantity supplied at a price of $20. At a price of $20, the supply is about| watches. (Round to the nearest whole number as needed.) g. Graph p = S(q) = 0.75q on the same axis used to graph p = 16-1.25q in part d. Choose the correct graph below. A. AP 35- B. AP 35- C. Ap 35- 0 20 0 20 b 0 20 9 G D. AP 35- Q G 0 20 h. Given that the demand function is p - D(q) = 16-1.25q and that the supply function is p = S(q) = 0.75q, find the equilibrium quantity and the equilibrium price. The equilibrium quantity is The equilibrium price is $ watches. Suppose the price and supply of the watch are related by the following equation, where p is the price (in dollars) and q is the quantity supplied (in hundreds) of watches. p = S(q) = 0.75q Answer parts e through g. e. Find the quantity supplied at a price of $0. At a price of $0, the supply is watches. f. Find the quantity supplied at a price of $20. At a price of $20, the supply is about| watches. (Round to the nearest whole number as needed.) g. Graph p = S(q) = 0.75q on the same axis used to graph p = 16-1.25q in part d. Choose the correct graph below. A. AP 35- B. AP 35- C. Ap 35- 0 20 0 20 b 0 20 9 G D. AP 35- Q G 0 20 h. Given that the demand function is p - D(q) = 16-1.25q and that the supply function is p = S(q) = 0.75q, find the equilibrium quantity and the equilibrium price. The equilibrium quantity is The equilibrium price is $ watches.
Expert Answer:
Related Book For
Posted Date:
Students also viewed these mathematics questions
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
-
A test rocket is launched by accelerating it along a 200.0-m incline at 1.25 m/s2 starting from rest at point A (Figure 3.45.) The incline rises at 35.0o above the horizontal, and at the instant the...
-
The assets and liabilities of Web Services Inc. as of December 31, 2017 and revenues and expenses for the year ended on that date are listed here. Beginning retained earnings were $60,000, and...
-
The wings on a stonefly do not flap, and thus the insect cannot fly. However, when the insect is on a water surface, it can sail across the surface by lifting its wings into a breeze. Suppose that...
-
What is the relationship between technical reviews and System Development Processes (Figure 12.2)? System System Definition Procurement Phase Phase System / Product Life Cycle System System...
-
On January 1, 2012, Richards Inc. had cash and common stock of $60,000. At that date, the company had no other asset, liability, or equity balances. On January 2, 2012, it purchased for cash $20,000...
-
You are trying to install a pool. you need to do some calculations. You will write a Java program named "Circle", that will calculate the area, circumference and volume of the circle. You will need...
-
Levoy, Corp., estimates it will produce 25,000 units of an electronic sensor part that goes into one of its final products, called a Fluctotron. It currently produces this sensor internally but is...
-
Suppose that a certain machine has a mean time between failures of 10,000 hours and has a mean time to repair of 20 hours. What is its availability?
-
Greg and Olivia met at a stand up paddle board event. They are actually surfers but the surf isn't so good in Toronto so they take 2 trips a year to go surfing in various destinations. This costs...
-
program on creating a event using jQuery. Using a function by clicking it to a element it will display a list (The list can be anything ) I can't get the structure yet. On the picture is what i have...
-
Technology has changed the way we live today and will live in the future. The change may have been incremental or radical. Almost every industry has broadly adopted technology to improve operations,...
-
1)What is interest rate risk? Which bond has greater interest rate risk, a 10-year zero-coupon Treasury STRIPS or a 10-year Treasury Note? 2)What is the difference between a bond's promised yield and...
-
A. Consider an at-the-money (ATM) short straddle position (i.e. a position obtained by selling an equal number of put and call options with the same strike price). a scenario in which underlying...
-
The probability W(n) that an event characterized by a probability p occurs n times in N trials was shown to be given by the binomial distribution N! W(n) (1) ni(N - n)1 P"(1 - p)- Consider a...
-
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
-
In Exercises, choose the best answer for each limit. (a) Is . (b) Is -. (c) Does not exist. (d) Is 1. If lim f(x) = - and lim f(x) = , then lim f(x) x-1 x-1+ x-1
-
In quadrant I, x, y, and r are all positive, so that all six trigonometric functions have positive values. In quadrant II, x is negative and y is positive (r is always positive). Thus, in quadrant...
-
A function of two variables may have both a relative maximum and an absolute maximum at the same point. Determine whether each of the following statements is true or false, and explain why.
-
Can you explain why analysts might view conference calls/investor presentations as more important than the annual report?
-
What benefits may an organization derive from a formal budgeting process?
-
Explain the difference between incremental budgeting and zerobased budgeting.
Study smarter with the SolutionInn App