The supply function for a product is 2p-q-10=0, while the demand function for thesame product is (p+10)(q+30)=7200. Find the market equilibrium point E(q,p).A)%3DE(110.00,50.00)B)E(-150.00,–70.00)C)E(30,10)D)E(90.00,50.00)E(-70.00,50.00)E)

Answered: Image /qna-images/answer/516e8524-8f93-4b98-84aa-43faf6d1ccaa.jpg

Answered: The supply function for a product is…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

See similar textbooks

Similar questions

A supply company charges for 90-liter drums using the demand function p(x)=20.9−1.6x What is the revenue function?
2. Lijah opened an account at Advantis Credit Union. The balance of her account after x years is represented by the function b(x) = 500(1.05)*. What annual interest rate is Lijah earning? а. b. After how many years did it take for Lijah's balance to double? Show all of your work.
Use the midpoint method to calculate the price elasticity of demand as the price of cakes increases from $8 to $10 if (a) your income is $20,000 and (b) your income is $24,000.
P=-5x²-4x+104 p what is the elasticity of demand when x=4
Lera Calculate the consumers' surplus at the indicated unit price p for the demand equation. q= 90 - e0.1e: 5= 22 Calculate the producers' surplus for the supply equation at the indicated unit price p. q- 0.05p? - 77; p- 68
The sales of a company rose to Rs. 120,000 in the month of January to Rs. 130,000 in the month of February while the seasonal indices for these two months were : 120 and 150 respectively. Was such an increment in sales satisfactory ? If not, what should have been the sale in the month of February to keep pace with the seasonal index.
U.S. health-care expenditures have been growing exponentially during the past two decades. In 2008, expenditures were 2.4 trillion dollars with a growth rate of 9%. Lawmakers hope to decrease the annual growth rate to 2%. Compare the two rates graphically and algebraically as follows. (a) For each growth rate, find an exponential model for the health-care expenditures t years since 2008. f9%(t) = f2%(t) = (c) Find the predicted health-care expenditures in 2020 for each model. (Round your answer to two decimal places.) f9%(12) = trillion dollars f2%(12) = trillion dollars

Recommended textbooks for you

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781319050740

Author:

Jon Rogawski, Colin Adams, Robert Franzosa

Publisher:

W. H. Freeman

Precalculus

Calculus

ISBN:

9780135189405

Author:

Michael Sullivan

Publisher:

PEARSON

Calculus: Early Transcendental Functions

Calculus

ISBN:

9781337552516

Author:

Ron Larson, Bruce H. Edwards

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

The supply function for a product is 2p-q-10=0, while the demand function for the same product is (p+10)(g+30)= 7200. Find the market equilibrium point E(q.p). A) %3D E(110.00,50.00) B) E(-150.00, –70.00) C) E(30,10) D) E(90.00,50.00) E(-70.00,50.00) E)