A retail chain will buy 700 cordless phones if the price is $40 each and 100 if the price is $70 A wholesaler wil supply 1050 phones at $50 each and 1400 at 560 each Assuming that the supply and demandfunctions are linear, find the market equilibrium point and explain what it means..Market equilbrum occurs when the number of units is and the price is $ per unitCIO

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Answered: A retail chain will buy 700 cordless…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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13. Which situation can be modeled with a linear function? A The area of a square depends on the length of the sides of the square. B A car's value depreciates every year by 10% of the previous year's vahue. The amount of money raised by a cookie sale depends on the mumber of boxes sold. Different types of cookies have identical prices.
(c) Find the rotation matrix of a linear transformation T: R² R², which first rotates points 3 clockwise and then reflects points through the z-axis. -
7) The average value of collectible gold coins was $3,120 in 2000 and appreciated to $9,340 in 2020. Let y be the average value of a coin in the year x, where x = 0 represents 2000. Write a linear equation that models the value of a coin in terms of the year x.
Screenshot attached. Find the instantaneous rate of change of demand with respect to price when the price is $6.75. Round to the nearest hundredth (2 decimal places) pounds per dollar
The growth rate of the speed of sound in relation to the temperature in degrees Fahrenheit is a linear function. The speed of sound at 0 degrees Fahrenheit is 1052.3 feet per second. For every 1 degree Fahrenheit rise in temperature, the speed of sound increases by 1.1 feet per second. A. Identify the initial value of linear function that gives the speed of sound in terms of temperature. B. A 20 degree Fahrenheit rise in temperature would provide what increase in the speed of sound? C. What would the speed of sound be after a 67 degree Fahrenheit rise in temperature?
Eid-ul-Adha is right around the corner. Every year End largely affects the commodity market. Suppose, Government has imposed a maximum selling price of per kg onion at 50 taka, whereas the market price was 70 taka per kg before the announcement a. explain the effects of this ceiling price on the demand and supply of the onion market. In your graph , show the effects of the price changes on quantity demanded and quantity supplied. Does it create excess supply or excess demand? What will happen to the market price? b. In the above situation, who (buyers or sellers) is going to get the benefit from such policy? Explain it in your own words (due: use a graph where a Price Ceiling is binding)
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A gaming system purchased for $2,750 is to be depreciated linearly over 4 years and has a scrap value of $100. a).What is the linear function that represents this information? b).What is the value of the entertainment system at the end of 2 years?
Susan is analyzing cost equations that showa constant rate of change. Which equation would Susan identify as not showing the constant rate of change to model the cost? О ху - 2%3 24 O y = 5 5m - 2n = 10 O xly = 4 search Del F10 F11 F12 Prt Sc Insert F7 F8 F9 F5 F6 F3 F4 Backsp & 24 %3D
A tour guide charges a price of $600 per person for a jungle tour and typically 8 persons sign up for the tour. One time the guide offers the jungle tour at a discounted price of $525 per person and finds that 11 persons sign up for the tour. Assuming the demand trend is linear and that for each price drop of $25, one more person is interested in the tour, what size of group a will produce the largest revenue for the tour guide? I
It costs a company $3,500 to produce 3,000 pencils whereas it costs the company $1,500a month even if they don't produce any pencils. If they sell the pencils for $0.75 and thecost, revenue, and profit functions are linear, determine how many pencils they must makein a month to break even

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