QUESTION 9PriceQuantityQuantitysupplieddemanded(dollars perpound)(pounds)(pounds)17446.6The above table shows the demand schedule and supply schedule for chocolate chip cookies. What is the equilibrium quantity and equilibrium price for chocolatechip cookies?A. 7 pounds, $3.00 per poundB. 2 pounds, $3.00 per poundC.2 pounds, $6.00 per poundD. 4 pounds, $5.00 per pound345 o7

To find: equilibrium Quantity and equilibrium price for chocolate chip cookies

Answered: Quantity supplied Price Quantity…

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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Using the actual sales (in units) over the past 15 months, a demand planner at a leading e-commerce firm has forecasted the demand for a popular consumer product as shown below. Forecast 1 and Forecast 2 represent the outputs of two comparative forecasting methods currently used by the sales and marketing, and operations departments of the firm. Month October 22 November 22 December 22 January 23 February 23 March 23 April 23 May 23 June 23 July 23 August 23 September 23 October 23 November 23 December 23 Actual sales (units) 120 000 138 000 172 000 120 000 114 000 98 000 118 000 112 000 132 000 138 000 108 000 126 000 144 000 162 000 189 000 QUESTION 24 Determine the mean absolute deviation of Forecast 1. A 234 290 units a 18 721 units c 19 524 units 22 670 units QUESTION 25 Determine the mean absolute deviation of Forecast 2. A 21 638 units a 35 280 units c. 19 330 units 23 600 units Forecast 1 (units) 133 280 130 620 127 300 121 440 120 750 119 000 121 600 124 900 121 500 122400 126…
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In agricultural economics, a “supply response function” describes how supply of a commodity responds to changes in the price of that commodity. Year Seeded Area (hectares) Harvested Area (hectares) Average Yield (kg per ha) Production (tonnes) Price per Tonne ($/tonne) 1966 1,317,000 1,317,000 1,630 2,150,000 65 1967 1,424,000 1,424,000 1,720 2,449,000 60 1968 1,376,000 1,376,000 1,800 2,477,000 48 1969 1,012,000 1,012,000 1,720 1,742,000 46 1970 567,000 567,000 1,465 830,000 52 1971 1,019,000 1,019,000 1,975 2,014,000 50 1972 1,052,000 1,052,000 1,785 1,878,000 68 1973 1,214,000 1,214,000 1,725 2,095,000 158 1974 1,133,000 1,133,000 1,415 1,605,000 147 1975 1,255,000 1,255,000 1,690 2,123,000 130 1976 1,538,000 1,538,000 1,820 2,803,000 103 1977 1,295,000 1,295,000 2,125 2,749,000 98 1978 1,376,000 1,376,000 2,055 2,831,000 133 1979 1,214,000 1,214,000 1,680 2,041,000 170 1980 1,336,000 1,336,000 1,425 1,905,000 203 1981 1,577,900 1,577,900…
Fuel efficiency, measured in miles per gallon, is a feature often considered by shoppers looking for a new car. The scatterplot shows the vehicle weight of 15 car models in pounds, plotted against their highway fuel efficiency. Which of the labeled points on the graph would be considered a high leverage point? point A point B point C point D
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Annual Revenue million of dollars Franchise value of dollars 244 486 154 237 206 439 171 165 202 330 248 636 241 478 257 656 189 330 247 589 235 428 259 635 164 174 178 190 243 630 Dialog content ends PrintDone The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives the value and the annual revenue for 15 major sport teams. Suppose you want to develop a simple linear regression model to predict franchise value based on annual revenue generated. b. Use the least-squares method to determine the regression coefficients b0 and b1. b0 = enter your response here b1 = enter your response here (Round to two decimal places as needed.)
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 20 26 y 60 95 140 160 189 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? low moderate strong Would you say the correlation is positive or negative? positive negative (c) Use a calculator to verify that x = 67, x2 = 1265, y = 644, y2 = 93,546, and xy = 10,544. Compute r. (Round your answer to three decimal places.) As x increases from 3 to 26 months, does the value of r imply that y should tend to increase or decrease? Explain your answer. Given our value of r, y should…
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alt 5. The data below shows the population of a city, in millions of people, since 1950. a) Write an equation for the line of best fit. Year Population 1950 1.75 1960 1.68 1970 1.52 b) Estimate the population of the city in 2020. 1980 1.16 1990 1.04 2000 0.98 6. The tahle below chowe the average price of for the
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1575 1650 1725 1800 1875 1950 2025 Distribution of Prices College esources Wti the approximate percentage of buyers who paid between $1800 and $2025? Services What is the approimate percentage of buyers who paid between $1725 and $1875? What is the approximate percentage of buyers who paid between $1800 and $1875? What is the approximate percentage of buyers who paid between $1800 and $1950? What is the approximate percentage of buyers who paid more than $1950? What is the approximate percentage of buyers who paid less than $1575? Submit Question ype here to search hp
The following table provides data on three popular protein supplements. (Figures shown correspond to a single serving.) Protein(g) Carbohydrates(g) Sodium(mg) Cost($) DesignerWhey (Next) 18 2 80 0.50 Muscle Milk(Cytosport) 32 16 240 1.60 Pure WheyProtein Stack(Champion) 24 3 100 0.60 You are thinking of combining Designer Whey and Muscle Milk to obtain a 7-day supply that provides exactly 448 grams of protein and 112 grams of carbohydrates. How many servings of each supplement should you combine in order to meet your requirements? Designer Whey ______ servingsMuscle Milk ______ servings What will it cost? $

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