Assume that the demand curve D(p) given below is the market demand for widgets:

Q=D(p)=1204−11p, p > 0

Let the market supply of widgets be given by:

Q=S(p)=−3+6p, p > 0

where p is the price and Q is the quantity. The functions D(p) and S(p) give the number of widgets demanded and supplied at a given price.

What is the equilibrium price?
Please round your answer to the nearest hundredth.

What is the equilibrium quantity?
Please round your answer to the nearest integer.

What is the consumer surplus at equilibrium?
Please round the intercept to the nearest tenth and round your answer to the nearest integer

What is the producer surplus at equilibrium?
Please round the intercept to the nearest tenth and round your answer to the nearest integer.

What is the unmet demand at equilibrium?
Please round your answer to the nearest integer.

Answers

Answer 1

Answer:

Step-by-step explanation:

I'll use y for quantity and x for price [love my x and y] and rewrite the demand and supply functions:

Demand:    y=1204−11x

Supply:       y = -3 + 6x

==

We want to know the equilibrium price and quantity.  The quantities purchased and sold would be equal to the quantities supplied:

  1204−11x = -3 + 6x

-17x = - 1207

 x = 71  The price of a widget is 71 units ($, €,£,¥, etc.) at equilibrium

A price of 71 would lead to a demand and supply of:

y = 1204−11x

y = 1204−11(71)

y = 423 Widgets

We can also plot this to find the point (71,423).  See the attachment.

At this point, I'm uncertain how to answer the "producer surplus" and "unmet demand" at equilibrium.  This is what I did, so please judge if it is correct.

The demand line, y=1204−11x, tells us that if the price were 0, the demand would be 1204, which I'll assume in the maximum, since it is stipulated that x > 0  (I imagine it may no longer be a straight line when the price goes into negative territory.  I'd be the first in line to accept a widget and $5 if they were priced at -$5).

At equilibrium, therefore, we would still have an unmet demand of (1204 - 423) or 781 widgets that customers wanted, but wouldn't pay the price.

It seems to me that this would also be the unmet demand:  Product that could have been sold, but wasn't, due to the price.  I'm unsure, however.

Assume That The Demand Curve D(p) Given Below Is The Market Demand For Widgets:Q=D(p)=120411p, P >

Related Questions

7 1/2 divided by 2 5/8 in simplest form

Answers

Answer:

[tex]2\frac{6}{7}[/tex]

Step-by-step explanation:

First you have to convert the mixed numbers to an improper fraction which first let's do the top so that would be: [tex]\frac{\frac{15}{2}}{2\frac{5}{8}}[/tex]

Next, lets do the bottom of that so that would become: [tex]\frac{\frac{15}{2}}{\frac{21}{8}}[/tex]

After that you have to apply the fraction rule [tex]\frac{\frac{a}{b}}{\frac{c}{d}}=\frac{a\cdot \:d}{b\cdot \:c}[/tex] so that would be: [tex]\frac{15\cdot \:8}{2\cdot \:21}[/tex]

Towards the end, you have to cancel out that equation so then it becomes: [tex]\frac{20}{7}[/tex]

Finally, you convert the improper fractions to mixed numbers so that is now: [tex]2\frac{6}{7}[/tex]

Have a great day!

After divide, the value in simplest form is, 20/7.

What is Division method?

Division method is used to distributing a group of things into equal parts. Division is just opposite of multiplications. For example, dividing 20 by 2 means splitting 20 into 2 equal groups of 10.

Given that;

⇒ 7 1/2 divided by 2 5/8

Now, Divide the numbers as;

⇒ 7 1/2 divided by 2 5/8

⇒ 15/2 ÷ 21/8

⇒ 15/2 × 8 / 21

⇒ 15×8 / 2×21

⇒ 5×4/7

⇒ 20 / 7

Learn more about the divide visit:

https://brainly.com/question/28119824

#SPJ2

PLEASE HELP ME PLEASE

Answers

Answer:

5

Step-by-step explanation:

On a human, what is the ratio of arms to fingers?

Answers

Total arms in human body=2Total fingers in human body =5+5+5+5=20(10 of hands and 10 of legs)

Ratio:-

[tex]\\ \sf\longmapsto \dfrac{2}{20}[/tex]

[tex]\\ \sf\longmapsto \dfrac{1}{10}[/tex]

[tex]\\ \sf\longmapsto 1:10[/tex]

Help help help math please last one be honest

Answers

Answer:

122 degrees

Step-by-step explanation:

The two intersecting lines are parallel for this problem, which means that the angle next to angle3 is the same degree measure as the one that is 58 degrees.

Also, remember that two angles next to each other on a straight line are supplementary, meaning that they add to 180 degrees.

When keeping these two things in mind, you can solve like this:

180 = angle3 + 58

180 - 58 = angle3

angle3 = 122

122 degrees

When two numbers are multiplied to get product, each number is called a(n)?
1.factor
2.substitute

Answers

Answer:

Each number is called a factor

Step-by-step explanation:

The multiplication of two numbers is equivalent to adding as many copies of one of them

Help help help help help help pelsss

Answers

Answer:

angle 4 is also 75 degrees

Step-by-step explanation:

How do you solve radical word problems

Answers

Answer:

1) Isolate the radical symbol on one side of the equation

2) Square both sides of the equation to eliminate the radical symbol

3) Solve the equation that comes out after the squaring process

4) Check your answers with the original equation to avoid extraneous values

Step-by-step explanation:

What location on the line would you find the constant of proportionality?

Answers

Answer:

2.4

Step-by-step explanation:

The constant of proportionality is y=kx which should 2.4

X- y = -7 slope intercept form

Answers

Answer:

[tex]y=x+7[/tex]

Step-by-step explanation:

Let's simply rearrange bringing y to the RHS, -7 to the LHS and reading right to left:

[tex]x+7=y \rightarrow y=x+7[/tex]

What is the solution to the trigonometric inequality sin(x)>1+cos(X) over the interval 0<=x<=2pi radians?

Answers

Answer:

Last choice

Step-by-step explanation:

First, convert (sinx)^2 to 1-(cosx)^2 via trigonometric identity derived from (sinx)^2 + (cosx)^2 = 1

[tex]\displaystyle \large{\sin^2x + \cos^2x=1 \longrightarrow \sin^2x=1-\cos^2x}[/tex]

Thus, the rewritten inequality is [tex]\displaystyle \large{1-\cos^2x>1+\cos x}[/tex]

Notice how the inequality has a quadratic pattern since we have (cosx)^2 and cosx in the inequality, simply arrange degrees in order.

[tex]\displaystyle \large{1-\cos^2x>1+\cos x}\\\displaystyle \large{0>1+\cos x-1+\cos^2x}\\\displaystyle \large{0>\cos x+\cos^2x}\\\displaystyle \large{\cos^2x+\cos x < 0}[/tex]

Then we factor cosx since the expression has cosx as a common factor.

[tex]\displaystyle \large{\cos x(\cos x+1)<0}[/tex]

Then we have to consider each inequalities which are cosx<0 and cosx+1<0 then merge both intervals once obtaining the solutions.

(1) [tex]\displaystyle \large{\cos x < 0}[/tex]

This inequality means that we have to find the x-value(s) that satisfy(ies) it.

Since cosx becomes negative after π/2 (Refer to unit circle, cosx becomes negative in second quadrant and this quadrant), that means it becomes negative until it reaches or < 3π/2.

Thus, [tex]\displaystyle \large{\frac{\pi}{2}<x<\frac{3\pi}{2}}[/tex] is the solution to cosx > 0.

The another way to solve inequality is to find the intersections by solving the equation then joint the interval together.

[tex]\displaystyle \large{\cos x<0 \longrightarrow \cos x=0}[/tex]

From the unit circle, cosx becomes 0 at x = π/2 and x = 3π/2 between interval [0,2π]

Therefore:

[tex]\displaystyle \large{\cos x = 0 \longrightarrow x = \frac{\pi}{2}, \frac{3\pi}{2}}\\\displaystyle \large{\boxed{\frac{\pi}{2}<x<\frac{3\pi}{2}}}[/tex]

(2) [tex]\displaystyle \large{\cos x+1<0 \longrightarrow \cos x <-1[/tex]

For this inequality, it appears that there have no solutions because cosine function is defined between [-1,1] in range hence there are no x-values in real plane that make cosx even less than -1.

Because only π satisfies cosx = -1 but not cosx < -1, we restrict π and every values.

Hence no solutions which cause a break of interval between π and π/2 < x < 3π/2

If you substitute x = π in, the inequality is false and therefore the answer is:

[tex]\displaystyle \large{\frac{\pi}{2}<x<\pi, \pi<x<\frac{3\pi}{2}}[/tex]

Answer:

D.

Step-by-step explanation:

The first two don't work, so it's between the last two.

This equation doesn't work for 180, so the answer is the last choice.

:)

Find the domain of the graphed function.

Answers

Answer:

A

Step-by-step explanation:

the domain is all the possible numbers that the x can be, so to find this from the graph you find the x-value of the leftmost point, which is -1 in this case, and the x-value of the rightmost point, which is 3. this means the range of values would be -1 <= x <= 3

Pls help me
Given the following data pairs (x, y): (1, 1.24), (2, 5.23), (3, 7.24), (4, 7.60), (5, 9.97), (6, 14.31), (7, 13.99),(8, 14.88), (9, 18.04), (10, 20.70) obtain a prediction for x = 4.5​

Answers

Answer:

(5.33) the answer but I am not sure

8 times the sum of a number 4 is 5 with the variable w

Answers

Answer:

8(w+4)=5

Step-by-step explanation:

HURRY HELP PLEASE! SERIOUS ANSWERS ONLY!


Living Space?

You have the opportunity to live in a 3 bedroom 3.5 bath on Miami Beach in a Luxury Condo or in Laurel Mississippi in a 5-bedroom 7 bath home. Money for either is not an issue. The only stipulation is that you and your present family situation will remain intact. Given your present situation, which would you choose and why? (Students will receive full credit for their completion of the project; steps 2 and 3)

1. Look up property and amenities

a. Condo on: unaresidencemiami.com/price-list

b. Home on: 2230 Ridgewood Dr, Laurel, MS 39440 (type in address)

2. Look up the community in which EACH is located

3. Solve for the intersection of the two properties (two variable systems of equations using the

cost and the Square Footage as the variables)

a. Condo: $2.2 million / 1946 sq feet

b. House : $.3 million / 4681 sq feet

4. Which would you choose and why?

Answers

Answer:

The Mississippi home

Step-by-step explanation:

I would get the Mississippi home because it has 5 bedrooms with 7 bathrooms, it would be a great home for a family and guest to go to. and it also depends on the condition of the home and the amount of people in you family.

PLEASE HELP I WILL GIVE BRAINLESS!!!!) Some friends play history trivia. Players gain 1 point for a correct answer. Players lose 1 point for an incorrect answer. The player with the greatest score wins. The players’ scores are shown in the table.

Answers

Answer:

Brett, Riley, Ellema, Jennifer, Kamal, Felipe

Step-by-step explanation:

You have put their scores least to greatest, -7<-5<-1<0<1<2<3

Natasha has a job putting letters in envelopes to be mailed. In 1 hour she put 42 letters

Answers

Answer:

In a period of time of 24 hours...

Step-by-step explanation:

In a period of time of 24 hours, she would have put 1008 letters. Good job Natasha

2
2
iw
Question 2 (1 point)
1) Listen
5
Opening an industry to international competition tends to:
O increase X-inefficiency.
O force lazy monopolists to increase efficiency.
O increase the incidence of lazy monopolists.
raise a monopolist's profit as the price is driven up.

Answers

Answer:

increse X-inefficiency is the answer

Step-by-step explanation:  im here to help

Write a number using the following clues:

a multiple of 6

greater than 40, but less than 90

Answers

Answer:

48

Step-by-step explanation:

There are various multiples of 6 that are greater than 40, but less than 90. Including 42, 48, 54, 60, 66, 72, 78, and 84. :)

The triangles pictured below are:




Congruent by AAS
Congruent by AAS

Congruent by HL
Congruent by HL

Congruent by SSS
Congruent by SSS

Congruent by SAS
Congruent by SAS

Congruent by ASA
Congruent by ASA

Not Congruent
Not Congruent IMAGE BELOW

Answers

Answer:

NOT CONGRUENT

Step-by-step explanation:

Angle Side Side doesnt work so it is not congruent

7 students have 8 books each. Which helps you find the total number of books?
7 × 8
7 + 8
7 ÷ 8
7 - 8

Answers

Answer:

7 × 8

Step-by-step explanation:

7 number of students × 8 books each student has 7 × 8 = 56

A tree casts a shadow of 69.53 feet. A 5 feet pole casts a shadow of 8.97 feet. Find
the height of the tree.

Answers

Answer:

The height of the tree is 38.76.

Step-by-step explanation:

[tex]\frac{x}{69.53} =\frac{5}{8.97}[/tex]

x= [tex]\frac{69.53x5}{8.97}[/tex]

69.53x5= 347.65

347.65  8.97= 38.75696767

round the number (38.76)

Hope this helps

sorry if its wrong

what is 2 equivalent fractions of this 2/5=_=_

Answers

Answer:

4/10, 6/15, 120/300, etc.

Equivalent fractions can be anything, as long as they divide to .4 (2/5).

Basically any equivalent fraction

[tex]\frac{2*n}{5*n}[/tex]

with n as any integer, is an equivalent fraction to 2/5 since

[tex]\frac{2*n}{5*n}=\frac{2}{5}*\frac{n}{n}=\frac{2}{5}*1=\frac{2}{5}[/tex]

Rebecca can swim 90 meters in 2 minutes. If you graph this with minutes on the x-axis and meters on the y-axis, what will be the slope of the line?


May I please have some help with this problem?

Answers

The slope of a line is the average rate of change of the line.

The slope of the line would be 45

From the question, we understand that she can swim 90 meters in 2 minutes.

So, the slope (m) of the line of the graph would be

[tex]m=\frac{90 - 0}{2 - 0}[/tex]

Simplify the numerator, and the denominator

[tex]m=\frac{90}{2}[/tex]

Divide 90 by 2

[tex]m=45[/tex]

Hence, the slope of the line would be 45

Read more about slopes at:

https://brainly.com/question/4015585

Solve for x, rounding your answer to two decimal places.
х=log,75

Answers

Answer:

x=1.88

Step-by-step explanation:

Salt water gargle can temporarily relieve a sore throat. One recipe calls for 3/4 teaspoon of salt in 1 cup of water. A second recipe calls for 1 teaspoon of salt in 2 cups of water. Which recipe will taste saltier?

Answers

Answer:

The first recipe - 3/4 tsp of salt in 1 cup of water

Step-by-step explanation:

1st recipe Salt per cup = 3/4 tsp / 1 cup = 3/4 tsp salt

2nd recipe Salt per cup = 1 tsp / 2 cups = 1/2 tsp salt

3/4 tsp > 1/2 tsp, hence the first recipe is saltier

8 to the 2 power-28/4+2?

Answers

Answer:

59

Step-by-step explanation:

hope it helps brainliest pls

The quotient of 2 numbers, p and q

Answers

Answer:

2p/q

2q/p

q/p=2

p/q =2

Step-by-step explanation:

Here are some possible answers. The way your statement is formated in does not ask a question nor does it provide enough information for one to deduce what the question was.

every week james skis 8 miles and swims 12 miles, write an order that represents the miles he skies and swims in 8 weeks.

Answers

Answer:

Every eight weeks, James skis 64 miles and swims 96 miles.

Step-by-step explanation:

12×8=96

8×8=64

Is 7,301,771 divisible by 6?​

Answers

[tex]\huge\boxed{Hi\: there!}[/tex]

[tex]\huge\mathfrak{Question:}[/tex]

Is 7,301,771 divisible by 6?

[tex]\huge\mathfrak{Answer:}[/tex]

No.

Remember, divisible by means the given number can be divided by a number without a remainder.

If we divide 7,301,771 by 6, we will get a remainder.

[tex]\huge\boxed{Therefore,\: 7,301,771 \: isn't \: divisible\: by 6.}[/tex]

[tex]\huge\mathfrak{Good\: luck!}\\\huge\bold {~CheerfulTeen}[/tex]

Maplewood Furniture Store is having a sale on dining room furniture. When a customer purchases a set of dining chairs, a one-time discount of $55 is applied to the total. During the sale, Rhianna buys a set of 6 chairs that match the table she inherited from her grandmother. Rhianna pays $455 in all. Which equation can you use to find the regular cost, c, of each chair? ( ANSWERS 6c - 55 = 455, 55(c - 6) = 455, 55c - 6 = 455, 6(c - 55) = 455,) What is the regular cost of the chair

Answers

The equation used to model the regular cost of each chair at Maplewood Furniture store is given by 6c - 55 = 455

A linear equation is in the form:

y = mx + b;

where y, x are variables, m is the rate of change and b is the y intercept.

Let c represent the regular cost for x chairs. Hence:

c = mx + b

Given that a discount of $55 is applied to the total, hence, b = -55.

Rhianna buys a set of 6 chairs and pays 455, hence:

6c - 55 = 455

6c = 510

c = 85

The equation is given by 6c - 55 = 455 and the regular cost of each chair is $85

Find out more at: https://brainly.com/question/25737132

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