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...
-
Summarized versions of the Gonzales Corporation's financial statements are given below for two years. Requirements 1. Determine the missing amounts denoted by the letters. 2. As Gonzales...
-
The 1H NMR spectra of three isomers with molecular formula C7H14O are shown here. Which isomer produces which spectrum? a. b. c. QUESTION CONTINUE TO NEXT PAGE 0 (ppm) frequency 6 (ppm) frequency 8...
-
According to the Supreme Court decision in Quill Corp. v. North Dakota, a state may not require a retailer with no physical presence in the state to collect and remit sales tax on sales made in the...
-
On January 1, 2008, Crocker Company issued 10-year, $2,000,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Crocker common stock . Crockers net income in 2008 was...
-
Convert the following Conceptual Model to Relational Model. STUDENT *student_id student_name student_address fills SEAT *seat_no seat position K takes COURSE *course_name *course_number has CLASS...
-
A test of tennis serve accuracy resulted in the following data: Note: Higher scores indicate better performance. X 15 12 12 10 8 7 5 4 4 1. What is the percentile rank of a person who scored (a) 7;...
-
A particle starts at t=0 s from the origin with a speed of 30 m/s making an angle of 60 with the x axis. The acceleration of the particle is directed along the negative y axis and has a magnitude of...
-
creat e a program to demonstrate the use of the class. The program should begin with a passcode validation that will only allow the user to access the program if a passcode with at least 2 uppercase...
-
The linear density is 2g/cm and T = 10N. If A = 20cm and f = 60Hz and the wave is travelling in the negative direction find the wave equation (Phi = 0).
-
a) In Deep Learning Networks what are the aspects you should take into consideration in choosing an activation function ? (i) (ii) b) In light of your answer to (a) which one(s) of the following...
-
Vector A of magnitude 23.4 m makes an angle 68.750 with the +x-axis. Vector B of magnitude 32.4 m makes an angle 183.350 with the +x-axis. a) Ax b) Ay= c) Br d) By = = e) (A + B) x g) A+B = = = m. m....
-
The controller can be implemented by an op-amp chip as shown in Figure 5 below. By using the op-amp and passive components such as resistors, inductors and capacitors, design the circuit of your...
-
a) Find u(x,t) from the wave equation, where length of string is L=1, c =l and the initial velocity is zero and the initial deflection is as follows. 1/4 1/4 3/4 -1/4 b) Find the temperature u(x,t)...
-
A police officer pulls you over and asks to search your vehicle because he suspects you have illegal drugs inside your car. Since he doesn't have reasonable suspicion to search your car, legally he...
-
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.
-
Classify the following topics as primarily macroeconomic or microeconomic: 1. The impact of a tax increase on aggregate output. 2. The relationship between two competing firms pricing behavior. 3. A...
-
Use the high and low volatility scenarios that we used for the call option to show that put options also are worth more when stock price volatility is higher.
-
In light of this discussion, explain why the put-call parity relationship is valid only for European options on non-dividend-paying stocks. If the stock pays no dividends, what inequality for...
Study smarter with the SolutionInn App