Question: Question 1. The demand function for a product is qd = p2 -90p +2,025 0 < p < 45 Where qd equals the number of

Question 1.The demand function for a product is

qd = p2 -90p +2,025 0< p < 45

Where qd equals the number of units demanded and pequals the price per unit, stated in dollars.

i.What type of function is this?

ii.How many units will be demanded at a price of $30?

iii.How many units will be demanded at a price of $15?

iv.If demand is 25 units what should be price(s)?

v.What price(s) would result in zero demand for the product?

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!

Q:

29) For a parTicular producT The QD = 20 - 2.5 Pand Q5 = 0 + 2.5P. If The currenT price is $5, which of The following is True? A) There is a surplus of The producT in The markeT. B) The quanTiTy...

Q:

1. Consider that you are a full time college student. In addition, you own and run a small computer repair shop. Your payment for building and equipment rentals and wages to an assistant amounts to...

Q:

I. Which of the following is correct? a) The pivot of the budget line shows the substitution effect while a slope gives the income effect. b) The pivot of the budget line shows the substitution...

Q:

Question 1 If a graph has a line that shows the quantity of flat-screen televisions sold in the last five years, it is known as a pie chart. a time-series graph. a demand curve for outsourcing. a...

Q:

Hi, you will find the instructions in the attached file, thank you, Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie...

Q:

4. [-I2 Points] DETAILS HARMATHAP12 2.1.015.Ml. Solve the equation by using the quadratic formula. (Enter your answers as a comma-separated list. If there is no real solution, enter NO REAL...

Q:

Why might salt be a resource with a high cost in one market and a very low cost in another market? (1 point) Trade could affect costs. Its supply could be scarce in one market and very great in...

Q:

Why might salt be a resource with a high cost in one market and a very low cost in another market? (1 point) Trade could affect costs. Its supply could be scarce in one market and very great in...

Q:

1. (01.01 MC) Why might salt be a resource with a high cost in one market and a very low cost in another market? (1 point) Trade could affect costs. Its supply could be scarce in one market and very...

Q:

Part one. Explain. Everything else constant, the international trade effect indicates that aggregate expenditures in the domestic economy fall when: A) domestic prices fall relative to foreign...

Q:

What are the SI units of mass density and number density? If two different gases have the same number density, do they have the same mass density?

Q:

Robert Lehman and Aki Eveline Lehman were married in 1964. They separated in 1971. They became divorced in 1976. At the time of the separation, Aki retained possession of forty three art objects that...

Q:

cash, confirmations, deviation, effectiveness, fees, talent 1 . An audit needs to have the correct balance of efficiency and _ _ _ _ _ _ _ _ _ _

Q:

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...