Question: Question 5Use the price-demand function D(x)=8000-15x and the price-supply function S(x)=7000+10xto find theequilibrium point.(200,9000)(200,5000)

Question 5Use the price-demand function D(x)=8000-15x and the price-supply function S(x)=7000+10xto find theequilibrium point.(200,9000)(200,5000)

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:

1) Find all real solutions of: 4 2 2 x + x =3 2 x 4 + x23=0 4 2 2 2 x 2 x +3 x 3=0 x ( 21)=0 2 x 2 ( x 21)+ 3 ( 2 x2 +3 ) ( x 21 ) =0 ( 2 x2 +3 ) =0 2 2 x =3 3 x 2= 2 3 x= 2 3 x= i 2 2) Given the...

Q:

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

Q:

Calculations: Answer all the THREE questions Question 1: 10 marks: A retail store in Jubail, receives shipments of a particular product from Dammam and Khobar. Let a. Write the decision variables...

Q:

Please see attachment. All three question need to be answered in narrative format. If you have questions, just let me know. Normal requirement for references are 2 outside our course text....

Q:

please answer question 1,2,3,4,5 DA2 Risk For Students(2) (1) QSearch Sheet AutoSave FF Review View DComments Home Insert Draw Page Layout Formulas Data Share _ 4 AY Insert vA A General Calibri...

Q:

I need the answers or instructions on how to get the answers for all of problem three and the unfinished part of problem 4. This class is financial modeling, must use the formulas by tagging them to...

Q:

To be solved by DKetan. Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your...

Q:

Problem 5-41 a. Find the FV of $1,800 invested to earn 127. after 7 years. Answer this question by using a math formula and also by using the Excel function wizard. Inputs: PV = N = Formula: FV =...

Q:

Flowcharting, memo, PLEASE READ THOROUGHLY! Thank you in advance! SYSTEM IMPLEMENTATION AND TRANSACTION PROCESSING PROJECT (300 POINTS) MARY'S SUNSHINE POOL CASE BACKGROUND The objectives of this...

Q:

Due Sunday, 11/20: Problems from Zimmerman text: 2-11, 2-44, Case 2-3, 7-7, and 7-20 Chapter Two The Nature of Costs Chapter Outline A. Opportunity Costs 1. Characteristics of Opportunity Costs 2....

Q:

Based on a Harris poll of 370 adults who regret getting tattoos, 20% say that they were too young when they got their tattoos. a. For randomly selected groups of 370 adults who regret getting...

Q:

At Blossom Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciation for 2018 was found to be understated by $148000. (2) A strike by...

Q:

Which of the following is true of post-approval studies? FDA often penalizes manufacturers that fail to complete post-approval commitments. Some post-approval studies have not been completed in a...

Q:

18. Write out the put-call parity formula for a firm's stock, debt, and assets. How do the determinants of an option's value impact the present value of the firm's financial distress costs? Provide...