What is the initial total cost of the given transportation model if anIntuitive Approach method is applied?S05URVECXDEMAND20N-P7581211DESTINATIONQ808R12071010S50111314SUPPLY100125100325

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Answered: What is the initial total cost of the…

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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The supply and demand curves for a product are given in the figure below. p($/unit) Supply 20 16 12 8 4. Demand q (quantity) 160 320 480 640 800 Estimate the equilibrium price and quantity and the consumer and producer surplus. Equilibrium price = units Equilibrium quantity = $ i at equilibrium. Consumer surplus = $ i at equilibrium. Producer surplus = %24
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Suppose demand is given by p = 1600 − x. Find the maximum revenue.
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Yaster Breakfast Supplies is planning to manufacture and market a new toaster. After conducting extensive market surveys, the research department provides the following estimates: • a weekly demand of 318 at a price of $13 per toaster • a weekly demand of 201 at a price of $16 per toaster The financial department estimates that weekly fixed costs will be $1,399 and variable costs (cost per unit) will be $3. Assume: • the relationship between price and demand is linear • the cost function in linear Use your models to predict the marginal profit when Yaster is producing and selling 271 toasters per week. Round to the nearest cent. $ per toaster
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What is the initial total cost of the given transportation model if an Intuitive Approach method is applied? SOURCE X Y DEMAND N P 75 8 12 11 DESTINATION a 80 5 8 11 R 120 7 10 10 S 50 11 13 14 SUPPLY 100 125 100 325