Answered: $5 price, supply 850, demand 1000 $17…

$5 price, supply 850, demand 1000 $17 price, supply 970, demand 760 x is price y is amount find the demand and supply in slope intercept for find the equilibrium point of supply and demand

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

See similar textbooks

Related questions

Q: Joanne sells silk-screened T-shirts at community festivals and craft fairs. Her marginal cost to…

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: The market equilibrium point for a commodity occurs when 3,200 units are produced and sold at Php124…

A: The equation of a linear curve will be of the form y=mx+c where m is the slope and c is intercept…

Q: 4000 - 3600 - 3200. 2800. 2400 - Cost ($) 2000. 1600. 1200. 800, 400 Weight (tons) (a) What is the…

Q: Determine the vertical and horizontal intercepts of the graph of the implied linear function…

A: Linear equation

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

Q: Determine the slope of the Age Dependency Ratio equation and explain the meaning of the slope in a…

A: It is given that the all 3 dependency ratio. The line equation for Age dependency ratio is y =1.43 x…

Q: A company charting its profits notices that the relationship between the number of units sold, x,…

A: The equation of line that passes through the points: x1, y1 and x2, y2 is calculated using the…

Q: The data below represents how much people use their air conditioner and what their electricity bill…

A: Given data, X Y X*Y X*X 15 225 3375 225 9 185 1665 81 8 165 1320 64 15 198 2970 225…

Q: A baseball team plays in a stadium that holds 58000 spectators. With the ticket price at $11 the…

A: NOTE: Refresh your page if you can't see any equations. . let x= price of the ticket y=number o…

Q: 4 C. B 10 20 30 40 Quantity Price

A: Given Graph To find:- The slope (ms) and the supply function thru the given supply curve

Q: a demand equation for a digital television sets can be a linear function: p=-0.15q+543.8 where the…

A: (a) Compare the price function p with the general equation of the straight line and determine the…

Q: Interpret the y – intercept of the line. - On average, when x = 0, a house has 282 square feet. On…

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are…

Q: DingBat Knobs manufactures door knobs. The graph of the cost function is shown below (Cost is in…

A: Given the graph of the cost function.The x-axis represents the number of door knobs manufactured and…

Q: The table shows the average bill totals for given numbers of diners at Simone’s restaurant. If the…

A: From the given table values obtain a linear equation as follows.

Q: As Sales Manager for ISeeYou Productions, you are planning to review the prices you charge clients…

A: As per our guideline we are supposed to answer only first three subpart of question you can repost…

Q: theres three steps The cost of producing 380 bar stools is $2745. Producing 750 bar stools would…

Q: A high school basketball team notices that attendance at its games changes at a constant rate based…

A: from the given data in the question , number of games lost number of people attended the game…

Q: 1. A band on tour typically sells promo t-shirts for $20 each, and sells 12,000 shirts at that…

A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve first three…

Q: The data below represents how much people use their air conditioner and what their electricity bill…

A: The independent variable is bill amount. The dependent variable is Air conditioner use. We have to…

Question

$5 price, supply 850, demand 1000 $17 price, supply 970, demand 760 x is price y is amount find the demand and supply in slope intercept for find the equilibrium point of supply and demand

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Given information

VIEW

Step 2: Slope intercept form for demand

VIEW

Step 3

VIEW

Step 4: Graphical representation and Break-even point (Equilibrium point)

VIEW

Step by step

Solved in 4 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Let ŷ represent the profit (in thousands of dollars) for a certain company years after 1965. A statistician calculates a linear model ŷ = 2.42x + 15 Use the model to estimate the profit in 1978. Your answer should be in dollars, not thousands of dollars. Profit =$
Assume it costs Microsoft $4,300 to manufacture 5 Xbox 360s and $6,850 to manufacture 10. Obtain the corresponding linear cost function. C(x) = What was the cost (in dollars) to manufacture each additional Xbox? $ Use the cost function to estimate the cost of manufacturing 50 Xboxes (in dollars). $
It costs $1000 to produce 100 t-shirts in a day, and it costs $1300 to produce 140 t-shirts in a day. Assume that the daily cost is a linear function of the number of t-shirts produced per day.a. Determine the marginal cost per t-shirt.b. Determine the fixed daily cost.
skip if you already did this thank you
Arrow Wines can sell 240 cases of a white table wine at a price of $135 per case. It also found that increasing the price to $150 a case results in a 20% reduction in sales. Assuming the relationship between demand and price is linear, find the equation for the demand for wine. What does the slope tell us about the demand for wine? What does the y-intercept tell us about the demand for wine? Be sure to define your variables.
How much should a healthy Shetland pony weigh? Let x be the age of the pony (in months), and let y be the average weight of the pony (in kilograms). x 3 6 12 15 21 y 60 95 140 172 173 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. A scatter diagram has a horizontal axis labeled "x (age (in months))" with values from 60 to 173 and a vertical axis labeled "y (average weight (in kg))" with values from 3 to 21. The scatter diagram has 5 points. A pattern goes up and right from (60, 3) to (173, 21). A scatter diagram has a horizontal axis labeled "x (age (in months))" with values from 3 to 21 and a vertical axis labeled "y (average weight (in kg))" with values from 60 to 173. The scatter diagram has 5 points. A pattern goes down and right from (3, 173) to (21, 60). A scatter diagram has a horizontal axis labeled "x (age (in months))" with values from 3 to 21 and a vertical axis labeled "y (average weight (in kg))" with…
Let ŷ represent the profit (in thousands of dollars) for a certain company xx years after 1965. A statistician calculates a linear model ŷ = 0.38xx + 15Use the model to estimate the profit in 1973. Your answer should be in dollars, not thousands of dollars.Profit =$
Carla found a collection of shiny pebbles and decided to add to it every day. The table shows the linear relationship between x, the number of days since she began adding to the collection, and y, the total number of pebbles in the collection. 1 3. y 11 23 41 What is the rate of change and the y-intercept of the graph of the linear relationship in the table? A Rate of change: 6; y-intercept: 5 B Rate of change: 6; y-intercept: -5 C Rate of change: 5; y-intercept: 6 D Rate of change: 5; y-intercept: -6
Hideki is draining a 45 gallon aquarium at a rate of 15 gallons per minute what is the initial value of the linear function that represents this solution