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(a) if a company has total cost c(x)= 24,000+15x+0.2x^2 on total revenues given by R(x)=395x-0.8x^2, find the break even point?
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- The demand and supply functions for a particular commodity are D(x) = 80e-0.001x and S(x)= 30e0.001r , where x is the number of units of the product, D(x) is the price that results in a consumer demand of x units and S(x) is the price that results in a producer supply of x units. a. Find the equilibrium point using your calculator and identify the equilibrium units and price. Give your answers to the nearest whole unit and nearest dollar. The value of x at equilibrium is units. The value of p at equilibrium is b. Determine the consumers' surplus.a) The demand function for a product is p = 60 3-9/15) where q is the number of units and p is the price of one unit. At what price will the demand be 15 units? How many units will be demanded if the price is $41.60?The quantity demanded for the Sony VCR model 37 is 2500 per week when the unit price is $700. For each increase in unit price of $50, the quantity demanded decreases by 250 units. The suppliers will provide 2500 units when the price is $800 per unit, and they will not supply any units for $500 or less. (Note: Define your variables.) A. Algebraically determine the supply equation. (Place in function form.) B. Algebraically determine the demand equation. (Place in function form.) C. Algebraically determine the equilibrium quantity and price. D. At what price does excess supply occur?
- Consider the following example of a supply function, Qsx = -875 + 1250Px – 25C where Qsx refers to the quantity supplied of product X, Px is the price of product X, and C represents the cost of production (in hundreds). How much will be the quantity supplied of product X assuming X is sold for P5 and the cost of production is P1,500.Lumber-4-Less knows that the monthly demand for framing studs is 2550 when the price is $1.75 each, but the demand rises to 3050 when the price decreases to $1.70. Assuming that the demand function is linear, write the equation for the demand function. Use q for quantity. P =The marginal price for a weekly demand of x bottles of shampoo in a drugstore is given by the function shown below. Find the price-demand equation if the weekly demand is 150 when the price of a bottle of shampoo is $2. What is the weekly demand when the price is $4.50? - 9,000 p'(x) = (3x + 50)? 2 Find the price-demand equation. (Type an equation.)
- Consider the demand function for processed pork in Canada, Qd = = 270.00 - 12p +20p + 3pc +0.002Y The supply function for processed pork in Canada is: Qs p is the price of pork Q is the quantity of pork demanded (measured in millions of kg per year) Solve for the equilibrium price and quantity for pork. The equilibrium price of pork is $ rounded to two decimal places.) = 234.00 + 36p - 60ph Pp is the price of beef = $4 per kg Pc is the price of chicken = $3 per kg Y is the income of consumers = $12,500 Ph is the price of a hog = $1.50 per kg and the equilibrium quantity of pork is million kg per year. (Enter numeric responses using real numbersThe accountant of an agricultural company is asked to make a report about the commodities, and according to the data, the demand equation for a certain commodity is x^2 + p^2=100, where p dollars is the price of one unit when 100x units of the commodity are demanded. The accountant needs to find the average total revenue when the number of units demanded takes on all values from 600 to 800. With complete solution and explanation please, thank you!Suppose the demand function for a product is given by the function: D(q) = -0.014g + 54.6 Find the Consumer's Surplus corresponding to q = 1,400 units. (Do no rounding of results until the very end of your calculations. At that point, round to the nearest tenth, if necessary. It may help you to sketch the demand curve, which crosses the horizontal at q = 3,900.) Answer: dollars
- Let a demand function be given by Q(P)=100-4P, where P is between 0 and 25. Then, when the price increases by 3 dollars, the quantity demanded decreases by 0.75 decreases by 4 decreases by 12 decreases by 4/3 decreases by 0.25The number x of bicycle helmets a retail chain is willing to sell per week at a price of $p is given by x = 80/p + 25 – 350, 20(i) Given the demand functions and the total cost function two goods: X and Y Px 164- &r Py = 81-2y TC = 800+ 4x +y+2xy %3D where x and y are the number of units of goods X and Y respectively Determine the values of x and y for which profit is a maximum. What is the maximum profit? (ii) A production requirement is that 80x + 20y = 640. Find the maximum profit subject of this constraint. Paragraph BIEE D.SEE MORE QUESTIONS