Question: 0 20 watches. 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

0 20 watches. h. Given that the demand function is p= D(q)=16-1.25q

0 20 watches. 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 $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

h. Given that the demand function is p = D(q) = 28 - 2.25q and that the supply function is p = S(q) = 1.25q, find the equilibrium quantity and the equilibrium price. The equilibrium quantity is 800...

Help me with my microeconomics questions I. Short questions (20 points). I.1 The following two statements are either true or false. If the statement is true, give an explanation. If the statement is...

Find the correct answwrs plz EXERCISE Question 1 (Chapter 9 - Policy and Scenario Analysis with IS-LM-FE/AD-AS Framework) Suppose the economy is initially in its general equilibrium at...

3. Was Out . Consider the economy of Hicksonia. a. The consumption function is given by C = 300 + 0.6(Y - T). The investment function is I = 700 - 80r. Government purchases and taxes are both 500....

:Help me answer the following questions correctly. During the Enlightenment, the City of Calgary had a more-or-less free market in taxi services. Any respectable firm could provide taxi service as...

11) Firms 1 and 2 are duopolists that choose quantities in order to maximize profits. Further suppose that Firm 1's best response function is q1 = 80 - 0.50q2. while Firm2's best response function is...

1. [-/2 Points] DETAILS HARMATHAP12 2.2.031. MY NOTES ASK YOUR TEACHER The monthly profit from the sale of a product is given by P = 16x - 0.1x2 - 100 dollars. (a) What level of production maximizes...

solve the following... tutors please help this is a very complete question.. What is your understanding of the value of CDA in understanding the way we see the world, the way that the world is...

econ 6. Consider Baumol and Klevorick's model of rate of return regulation, with the added complication that revenue is uncertain. In particular, in addition to the usual assumptions of the model,...

QUESTION 1: If the demand and supply Curve for computers is: D=80- 6P,S=20+3P Where P is the price of computers, what is the quantity of computers bought and sold at equilibrium? QUESTION 2: The...

Briefly describe the primary and support activities in a firms value chain.

On February 17, 2018, Brecken places in service an automobile that cost $23,000. Assume Brecken does not claim the additional first-year or any 179 deduction. The auto is used 35% for business and...

EXERCISE 9-16. Cash Flow Implications of Tax Losses WesternWear.com is expected to have operating losses of $100,000 in its first year of business and $50,000 in its second year. However, the company...

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

To differentiate between an employment agreement and an employee manual. AppendixLO1

Using the Internet, find the state or local agency that regulates child labor laws in your hometown, and compile a list of positions in the hospitality industry that could not be filed by 14- and...

To establish a nondiscriminatory work environment. AppendixLO1