The demand function for a product is p = 9-0.75q. The supply function for the product is p = 0.75q. (a) If the price is $3.75, the quantity demanded will be units. (b) What is the price at the equilibrium quantity? No $ sign. Round answer to the nearest cent. That is, there must be two digits after the decimal point.

Q: Demand function: p = 100 – q Supply function: p = q (a) The equilibrium quantity is (b) The…

A: Given query is to find equilibrium quantity and price.

Q: Given the supply equation p = + 3 and the demand equation p = 1800 + 11, find the equilibrium point.…

A: Supply : p = q1800+3 Demand : p= -q2200+11

Q: The RideEm Bicycles factory can produce 110 bicycles in a day at a total cost of $10,200. It can…

A:

Q: Yaster Outfitters manufactures and sells extreme-cold sleeping bags. The table below shows the…

A: x(Sleeping bags)p($)C($)952401300012023514300180155185002205021000

Q: The weekly profit model has roots at X=−52.789, X=47.555, and X=202.944, rounded to 3 decimal…

A: To find the wholesale price per sleeping bag that should be charged to realize the maximum weekly…

Q: The Equilibrium Price is $19 is wrong

A:

Q: Equilibrium Point Yaster Cookware is planning to introduce a new line of cast-iron pans. A marketing…

A: Find the quadratic model for the price demand data as follows, Use the excel spreadsheet to find the…

Q: Suppose the supply function for a product is 2p -q - 30 = 0, while the demand function for the same…

A: Given that the supply function for a product is 2p-q-30=02p-30=q   q=2p-30    ---1the demand…

Q: Jeffrey purchased dress shirts to sell in her clothing store that has overhead expenses equal to…

A:

Q: A manufacturer of textbooks has fixed costs of $21,000 per week and a marginal cost of $25 per…

A: Assume, for break-even x textbooks are sold.