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As the diesel prices have almost caught up the gasoline prices, the market for diesel cars has responded. What do you expect
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- When sold for $260,000.00, Ferraris have an annual supply of 6431 vehicles and an annual demand of 6518 vehicles. When their price increases to $276,000.00, the annual supply increases to 6907, and the demand decreases to 5886 billion gallons. (a) Assuming that the supply and demand equations are linear, find the supply and demand equations. Supply Equation p = Demand Equation p = (Note: The equations should be in the form p = mq + b where p denotes the price (in dollars) and q denotes the quantity. The slope and y-intercept should be accurate to two decimal places). (b) Find the Equilibrium price and quantity. Equilibrium price p = Equilibrium quantity q = (Note: The equilibrium price and quantity should be accurate to two decimal places, and the equilibrium price should include a dollar sign).Match the following Plastic Options with the correct descriptionsYou have the intention of buying a new mobile phone, how are you going to select the best mobile phone among all available alternative choices according to the following information? Alternative Price or Cost Storage Space looks Camera 8 MP Mobile 1 325 32 GB Excellent Mobile 2 275 32 GB 10 MP Average Mobile 3 250 16 GB 16 MP Good Mobile 4 300 16 GB 10 MP Good Mobile 5 200 32 GB 12 MP Below Average
- Please no written by hand the demand function for a manufacturer's product is p = f(g) = - 0.20g + 500, where p is the price (in dollars) per unit when q units are demanded (per day). Find the level of production that maximizes the manufacturer's total revenue and determine this revenue. what quantity will maximize the revenue. q = blank unitsIf the price of gas is less than $1 per gallon, how many gallons of gas would be supplied per week? $5 Price of gas ($ per $4 gallon) $3 $2 $1 $0 0 5 10 25 15 20 30 35 Quantity of gas supplied per week (millions of gallons) 40Complete the table note that the price is 12.75
- Expect a short case study on significance of transportation industry in an economy.why gasoline price increase will cause production cost of cars increase?A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.
- Price per bushel Quantity Demanded (bushels) Quantity Supplied (bushels) US$2 40,000 0 4 36,000 4,000 6 30,000 8,000 8 24,000 16,000 10 20,000 20,000 12 18,000 28,000 14 12,000 36,000 16 6,000 40,000 How many bushels will be sold if the market price is US$6 per bushel? If the market price is US$6 per bushel, what must happen to restore equilibrium in the market? At what price will suppliers be able to sell 36,000 bushels of wheat? Suppose the market price is US$14 per bushel. Is there a shortage or a surplus in the market? What is the quantity of the shortage or surplus? How many bushels will be sold if the market price is US$14 per bushel? If the market price is US$14 per bushel, what must happen to restore equilibrium in the market?Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices over first half of life Number of smart devices over second half of life Average $ transaction per device $ monthly subscription paid - monthly total Average annual revenue -first half of life Average annual revenue -second half of life Average life of subscribed customer Revenue over lifetime Minimally Satisfied 2 1 $79 $9.99 2 years Moderately Satisfied 4 2 $85 $19.99 5 years Highly Satisfied 6 3 $79 $19.99 7 yearsOnly 3.