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a) sketch the graph of y = -a + 8 – 12 and state the turning point and intercepts. b. given the supply and demand functions P = Q; + 14Q, + 22 and P= -Qå + 10Q4 + 150 Calculate the equilibrium price and quantity.

a) sketch the graph of y = -a + 8 – 12 and state the turning point and intercepts. b. given the supply and demand functions P = Q; + 14Q, + 22 and P= -Qå + 10Q4 + 150 Calculate the equilibrium price and quantity.

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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4. -2? + 8r – 12 and state the turning point and intercepts. a) sketch the graph of y = b. given the supply and demand functions P = Q; + 14Q, + 22 and P = -Q% + 10Qa + 150 Calculate the equilibrium price and quantity. 5. if fixed costs for a set of good is 4, the variable cost is 1 per unit and the demand function is given as P = 10 – 2Qp=10-20 a) find the profit function TT in terms of Q and sketch the function in Am and Q b) for what values of Q does the firm break even? c) what is the maximum profit?
Transcribed Image Text:4. -2? + 8r – 12 and state the turning point and intercepts. a) sketch the graph of y = b. given the supply and demand functions P = Q; + 14Q, + 22 and P = -Q% + 10Qa + 150 Calculate the equilibrium price and quantity. 5. if fixed costs for a set of good is 4, the variable cost is 1 per unit and the demand function is given as P = 10 – 2Qp=10-20 a) find the profit function TT in terms of Q and sketch the function in Am and Q b) for what values of Q does the firm break even? c) what is the maximum profit?
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