Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation11p= 210 –71and the quantity supplied is given by the equation p = ¬9. Find the equilibrium4price and quantity.Equilibrium quantity:itemsEquilibrium price: $

Given: The quantity demanded, q, of a product when the price is p dollars is given by the equation,…

Answered: Suppose the quantity demanded, q, of a…

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter4: Graphs

Section4.6: Find The Equation Of A Line

Problem 500E: Cholesterol. The age, x, and LDL cholesterol level, y, of two men are given by the points (18,69)...

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Cholesterol. The age, x, and LDL cholesterol level, y, of two men are given by the points (18,69) and (27,122) . Find a linear equation that models the relationship between age and LDL cholesterol level.
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A. Jeff's parents decide to give him an allowance where they multiply his allowance by 5 each month. In February Jeff has $1. i. Create a table that shows how much allowance she would receive each month in 2021 where m = 0 represents January 2021. 1 m (Jan.) (Feb.) a $1 ii. Create the equation for the given situation:
All changes saved Billy is a landscaper and charges a flat rate of $30 per day for mowing (z represents the number of days) plus $10 per hour (y represents the number of hours) for any additional landscaping for a customer. He estimates, in total, he must charge the customer more than $3, 000 for the year. Aaron is also a landscaper and charges a flat rate of $25 per day of mowing (z represents the number of days) plus $12 per hour (y represents the number of hours) for any additional landscaping. In addition, Aaron estimates that the customer must spend no more than $4, 900 for the year. This situation is represented by the system of inequalities graphed below. Which of the following statements is not true? 1000 800- 600 400 200 200 400 600 800 1000 The constraint that represents Aaron's estimate is 25z + 12y< 4900. The point (500, 500) is not a solution to both inequalities. O The point (100, 100) is a solution to both inequalities. The constraint that represents Billy's estimate is…
Suppose consumers will demand 65 units of a product when the price is $16.80 per unit and 35 units when the price is $19.80 each. Find the demand equation, assuming that it is linear. Find the price per unit when 45 units are demanded. Find the demand equation, where p is the price per unit and q is the quantity of units demanded. p= (Simplify your answer.)
A farmer sells his corn for $220 a metric ton with a small surcharge of $15. His neighbour sells her corn crop for $220 a metric ton and gives a $20 rebate. Write the cost model equations for both farmers and find the amount of corn that makes the costs equal. Write the cost model equations for the first farmer. Use x to represent the number of tons. The variable C represents the total cost. C=
8. Egg production in the United States was 12936.8 million pounds in 2016 up from 9074.4 million pounds in 1996. Assume that the increase is linear. Write a formula for the situation. round values to thousandths. Define variables as Y = Years since 1996and E = Eggs in ? of pounds a. Formula: b. Use your formula and algebra to complete the sentence: The number of eggs produced will surpass 14000 million in the year
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Annual Wage The average annual wage of U.S. workers for selected years from 2011 projected through2021 can be modeled by y = 2375x + 39,630, withy equal to the average annual wage in dollars and xequal to the number of years after 2010. When doesthe model project that the average annual wage ofU.S. workers will be at least $68,130?(Source: Social Security Administration)

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Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation 9. 1 p= 210 and the quantity supplied is given by the equation p = 79. Find the equilibrium 49. price and quantity. Equilibrium quantity: items Equilibrium price: $