A retail chain buys 1000 wireless speakers if the price is $190 and $2600 if the price is $110. A wholesaler will supply 800 wireless speakers at $128 each and 2400 at $192 each. Assuming that the supply and demand functions are linear, find the market equilibrium price and market equilibrium quantity

Q: The weekly demand for shampoo in a chain of drugstores is 1,160 bottles at a price of $3.79 each. If…

A: Given that  When price of each bottle is $3.79, demand of bottle is 1160, Where as price of each…

Q: Dave rents kayaks to customers at a large recreational lake. When he charges $25 per hour, 15 kayaks…

A: .

Q: The demand and supply for the cleaning and grooming of a pet are given for two prices Demand Supply…

A: find the demand function  let x=price y=quantity two points are the slope of the line is given by…

Q: Consider the Honduran market for soybeans. The following graph shows the domestic demand and…

A: Total Surplus s2  TS =CS+PS = [0.5*125*(380-305)] + [0.5*125*(305-230)] = 4687.5+4687.5 = 9375

Q: Retailers will buy 45 Wi-Fi routers from a wholesaler if the price is $10 each but only 20 if the…

A: According to the given information, for demand function we have two coordinates, (10,45) and…

Q: Annie's Apple Butter sells for $12 per jar. At that price, they sell 13,000 jars per month. To see…

A:

Q: Suppose that a company that makes sweatshirts has a linear demand function of qD = –6p + 400 and a…

A: Given, demand function, Supply function is For equilibrium, we have,

Q: A retail chain will buy 700 cordless phones if the price is $40 each and 100 if the price is $70 A…

A:

Q: In 2005 the monorail in a certain city charged $2 per ride and had an average ridership of about…

A: for 2005 ,                                                                              for 2006,…

Q: A real estate office handles an apartment complex with 60 units. When the rent per unit is $98 per…

A:

Q: A baseball team plays in a stadium that holds 62000 spectators. With the ticket price at $10 the…

A: Let the price of ticket be: $ p  Let the attendance be: q When price is $10 than attendance is 24000…

Q: If the demand for a thingy is 12,000 per month when the price is $12 and 15,000 when the price is…

A: Find the slope of function.

Q: Assume that at a price of $2.00 per pound, the annual supply of coffee beans in Country A is 8…

A: Let 'p' be the price per pound in dollars, 's' be the supply in millions of pound, and 'd' be the…

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.