Equilibrium Price: Cell Phones   Worldwide annual sales of a certain product were approximately  −5p + 1,600  million products when the wholesale price was $p. (a) If manufacturers are prepared to supply  q = 10p − 800  million products per year at a wholesale price of $p, what would be the equilibrium price? (Round your answer to the nearest cent.) $ __   (b)The actual wholesale price was projected to be $65 in the fourth quarter of 2008. Estimate the projected shortage or surplus at that price. (select one)   There is an estimated    ___  of  million products.

Q: You accept a new job with a starting salary of $51,000. You receive a 4% raise at the start of your…

A:

Q: Find the simple interest balance function and the annual interest rate for the following partially…

A: The partially listed balance table : Years, t Balance, B(t) 9 $1146.32 15 $1317.20

Q: Suppose you have an investment offer that guarantees an average investment gain of $5,000 per year.…

A: The objective of this question is to determine the average rate of change of an investment and to…

Q: The average price for regular gasoline in Toronto is $1.35 per liter, or L (in Canadian dollars, as…

A: The average price of gasoline in Toronto in April 2014 was $1.35 CAD per liter. To convert this to…

Q: A two-day environmental clean up started at 9AM on the first day. The number of workers fluctuated…

A:

Q: mycourses.dtcc.edu Question 2 The average price for regular gasoline in Toronto is $1.35 per liter,…

A: We multiply the exchange rate to cost in Canadian dollar to get cost in US dollar.

Q: At a supermarket, the price of yellow onions dropped from $0.57 per pound to $0.43 per pound.   (a)…

A:

Q: Present value is the amount of money that must be invested now at a given rate of interest to…

A: The present value for a 1- year investment is given by the formula, Present value=Future value1+r…

Q: A certain manufacturer of Blu-ray players will make x thousand units available in the market per…

A:

Q: A small business is considering hiring a new sales representative (sales rep) to market its product…

A: The answer provided below has been developed in a clear step by step manner.

Q: Imagine you borrow $1,200 from your roommate, agreeing to pay her back $1,200 plus 10 percent…

A:

Q: You are planning to invest in  a hotel. It is projected that the price of investments in the area…

A: Given that rate = 12% and C=$ 360,000 (a). y=Cat=3600001+r100t=3600001+12100t=360000(1.12)t   (b).…

Q: Exercise 2.9.54. [A] The exchange rate between euros and U.S. dollars is 1 € = $1.23. (a) How much…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: maintain a particular standard of living i da he nearest dolac) 飞 们 300 Sはの

A: The amount of need in 1979 should be divided by the CPI of that year and should be multiplied by the…

Q: Hattie has recently inherited $5900, which she wants to deposit into a savings account. She has…

A:

Q: (B) What would be the estimated price per computer for a demand of 11,000 computers? For a demand of…

A: The given price-demand function px=2400-40x.

Q: 2. An antique computer valued at $6500 depreciates at the rate of 14% per year (b 0.86). Circle one:…

A:

Q: Price of Gold. The price of gold (end-of-year closing price in dollars per troy ounce) is shown in…

A: (a) Consider the given data. Let x and y denotes two different years. Assuming an inflection rate of…