ASsigionses/dəppz=soZ CI8/69tzuojisənb4Əsoine=s cn91The table shows both the number of a certain type of graphing calculator in demand and the number supplied at certain prices.Demand and Supply Schedules for a Graphing Calculator (Producers willsupply no calculators when the market price is less than $47.50.)Price (dollarsper calculator)Demand (millioncalculators)Supply (millioncalculators)603510903132120155015058018041002103120(a) Find the function for the logistic model for demand in million calculators, where p is the price per calculator in dollars, with data from 60 < p < 210. (Round all numerical values to three decimal places.Use the correct input variable, p. Paste the unrounded equation into your Y1.)D(p) =million calculatorsFind the function for linear model for supply in million calculators, where p is the price per calculator in dollars, with data from 60 s p S 210. (Round all numerical values to three decimal places. Use thecorrect input variable, p. Paste the unrounded equation into your Y2.)for p < 47.5S(p) =million calculators;for p 2 47.5p dollars per calculator, where 60 < p < 210.Tip: Be sure you are using the unrounded demand and supply functions for the calculations that follow. Using the rounded functions may result in incorrect answers.(b) At what price will market equilibrium occur? (Round your answer to two decimal places.)2$per calculatorHow many calculators will be supplied and demanded at this price? (Round your answer to two decimal places.)million calculators梦 05:29 PMType here to search82°F10/14/2021田II

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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The table shows information on the conditions of demand for ordinary gummy bears and their sugar-free version. Regular Gummy Bears Demanded (thousands Price ($ per kg) $2.20 $2.60 $3 $3.40 Sugar-free Gummy Bears Demanded (thousands of kg) 181.00 175.00 157 137.00 of kg) 485.00 379.00 273.00 155.00 As the price of gummy bears rises from $2.60 to $3, what are the price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears? Use the midpoint method and specify answers to one decimal place. Elasticity of demand of sugar-free gummy bears: Elasticity of demand of regular gummy bears:
The graph shows the demand curve for streaming subscriptions. The price of a subscription is $15 a month. Price (dollars per month) 30- 25- 20- 15- 10- 5- 5 10 15 20 25 30 35 40 Quantity (millions of streaming subscriptions) What is the value of the 10 millionth subscription? What is the maximum amount someone is willing to pay for the 30 millionth subscription? The value of the 10 millionth subscription is a month, and the maximum amount someone is willing to pay for the 30 millionth subscription is a month.
Find the attached file.
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The table below shows the weekly demand for machine screws at the local hardware store. Demand for Machine Screws Price (dollars per pack) $5.00 Quantity (packs of 100 screws) 4.50 25 4.00 85 3.50 145 3.00 205 2.50 2.00 265 325 385 445 1.50 1.00 0.50 505 0.00 565 Instructions: Round your answers to 2 decimal places. If you are entering a negative number include a minus sign. a. Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws? b. Using the starting point method, what is the price elasticity of demand from a price of $2.50 to a price of $2.00 per pack of 100 screws? c. Using the starting point method, what is the price elasticity of demand from a price of $1.00 to a price of $0.50 per pack of 100 screws?
explain how and when demand and supply have changed (shifted) for online shopping. Provide examples of historical or current events where market demand and market supply for online shopping have shifted significantly, and state the factors that you believe have caused the shift in supply and/or in demand.
The price of SUVs, a substitute-in-production for sedans, has increased over the last year. Show the effect of this event on the market for sedans by shifting the appropriate curve in the graph shown. What is the new price? $ What is the new quantity? thousand million 50 45 Price($ thousand) 8 8 8 8 40 35 30 25 20 15 10 5 0 0 1 2 Market for Sedans 7 3 4 5 6 Quantity in millions of cars Supply 8 Demand 9 10
Find the total revenue for the table. Quantity Sold (units) Price or Average Pee Revenue (Rs) (1) (2) 10 10 4. 10 10
The following table is a supply and demand schedule for the eggs market. PRICE (per dozen eggs) DEMAND (in million dozens) SUPPLY (in million dozens) AED 10 340 160 AED 11 320 200 AED 12 300 240 AED 13 280 280 AED 14 260 320 AED 15 240 360 AED 16 220 400 Based on the above data answer the following questions. Need to use correct units in the answer (AED, million dozens, etc) ( a) What is the equilibrium price? b) What is the equilibrium quantity ? c) Is there a surplus or shortage at AED 16? d) With respect to question c, how much is the surplus or shortage?
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22
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