Find the production schedule for the technology matrix and demand vector given below:X =#A =0.6 0.1[006]0.6 0.6"D=[20]70

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Answered: Find the production schedule for the…

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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No handwritten responses. I need help with a step by step breakdown explaining each step for the following equation: Given the price-demand and the price-supply equation below: p=D\left(x\right)=25-0.001x^2 p=S\left(x\right)=5+0.1x Find the following: a. Equilibrium price b. The consumer’s surplus at the equilibrium price level. c. The producer’s surplus at the equilibrium price level.
Find the consumers' surplus for a product if the demand function is given by D(x)=750(6+x)^-1 and xE=1 units. Round your answer to the nearest cent.
Suppose demand is given by p = 1600 − x. Find the maximum revenue.
2. Consider a firm producing a single commodity. The total cost C(q) of producing q units of the commodity can be described by the equation C = q/2, where q denotes the number of units produced. The revenue function is given by r = 30- ln(2q + 1). Determine the output for maximum profit.
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A client’s orders are growing consistently at x% per year. A) If three years from now orders are 50% higher than today, what is the annual growth rate (x)? B) Write an expression (in terms of x) for how many years it will take until orders are double what they are currently
a. If the supply of a commodity is given by p = 35 + 4 ln (2q + 1), where p is the unit price and q is the number of units supplied. Determine how many units will be supplied at a unit price of $54.80? b. If the demand function for a commodity is p = 700/ ln (q + 1), where p is the unit price and q is the number of units demanded. Determine how many units will be demanded at a unit price of $159.29? c. If you give your god child a gift $3000 towards a university education. How much will the $3000 be worth in 17 years if it was invested by the child’s mother at 10% compounded continuously?

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Find the production schedule for the technology matrix and demand vector given below X = ⠀ # 0.6 0.1 = [0606] 0.6 0.6 A = D= [20] 70