a retail chain buys 1000 wireless speakers if the price is $190 and $2600 if the price is $110. A wholesaler will supply 800 wireless speakers at $128 each and 2400 at $192. Assuming that the supply and demand functions are linear, find the market equilibrium price and market equilibrium quantity

Answers

Answer 1

Answer:

The market equilibrium price is $160 and market equilibrium quantity is 1600

Step-by-step explanation:

A linear function is of the form y = m * x + b, where m is the slope and b is called the intercept.

The shape of a demand and supply curve will be: Q = m * P + b

The point-slope form of the linear function is written as y- y1 = m * (x- x1) where (x, y) and (x1, y1) are the coordinates of the point. In this case: Q- Q1 = m * (P- P1)

A retail chain buys 1000 wireless speakers if the price is $ 190 and 2,600 if the price is $ 110. Then (P, Q) = (190,1000) and (P1, Q1) = (110, 2600). Replacing in the point-slope form:

1000 - 2600= m*(190 - 110)

and solving for m you get:

-1600=m*80

[tex]m=\frac{-1600}{80}[/tex]

m= -20

To find the value of b from the demand curve Q = m * P + b, you plug in the value of m and either of the two points into the equation and solve for b. So:

Q= -20*P + b

Replacing (P, Q) = (190,1000)

1000= -20*190 + b

1000= -3800 + b

1000 + 3800= b

4800= b

The demand function is Q= -20*P + 4800

In an analogous way, the supply function can be deduced. A wholesaler will supply 800 wireless speakers at $128 each and 2400 at $192. Then (P, Q) = (128,800) and (P1, Q1) = (192, 2400). Replacing in the point-slope form:

800 - 2400= m*(128 - 192)

and solving for m you get:

-1600=m*(-64)

[tex]m=\frac{-1600}{-64}[/tex]

m= 25

To find the value of b from the supply curve Q = m * P + b, you plug in the value of m and either of the two points into the equation and solve for b. So:

Q= 25*P + b

Replacing (P, Q) = (128,800)

800= 25*128 + b

800= 3200 + b

800 - 3200= b

-2400= b

The supply function is Q= 25*P - 2400

The point where the supply and demand curves intersect is called the market equilibrium point. At this point the quantity supplied and the quantity demanded is the same and the price must also be the same. So:

-20*P + 4800= 25* P -2400

Solving for P:

-20*P - 25*P= -2400 - 4800

-45*P= -7200

[tex]P=\frac{-7200}{-45}[/tex]

P= 160

Since at the equilibrium point the quantity supplied and the quantity demanded is the same, replacing the price P in either of the two functions (demand or supply) I obtain the equilibrium quantity. In this case, it is replaced in the supply function:

Q= 25*160 -2400

Q= 1600

Finally, the market equilibrium price is $160 and market equilibrium quantity is 1600


Related Questions

Beyoncé drove 6 miles in 18 minutes and Kelly drove 4 miles in 16 minutes. Who
traveled at a greater average speed? Define an appropriate unit of speed and provide
mathematical justification for your answer.

Answers

Beyoncé 18 min = 18/60=  = .3 per hour

Kelly = 16 min. 16/60 = 2.6 per hour

So your answer is Beyoncé

Ann invested $61,000 into two accounts. The first account pays an annual interest rate of 5% and the second account pays an annual interest rate of 7%. After one year, Ann earned $3430 in interest. How much was invested in each account? Round your answer to the nearest cent, if necessary. [For full credit, set a system of linear equations and solve the system]

Answers

Answer:

2nd Account has $19,000

1st Account has $42,000

Step-by-step explanation:

First let's split the money invested.

x is money in account 1

y is money in account 2

1st equation

$61,000=x+y

5%=0.05

7%=0.07

2nd equation

0.05*x+0.07*y=$3,430

x=61,000-y

substitute into 2nd equation

0.05(61,000-y)+0.07y=3430

Solve.

3050-0.05y+0.07y=3430

0.02y=3430-3050

0.02y=380

y=380/0.02

y=$19,000

There are 2(two) ways to solve for the 1st account, but I will do it the long way.

y=61,000-x

substitute into 2nd equation

0.07(61,000-x)+0.05x=3430

Solve.

4270-0.07x+0.05x=3430

-0.02x=3430-4270

-0.02x=-840

x=-840/-0.02

x=$42,000

The short way...

x=61,000-y

x=61,000-19,000

x=$42,000

Match each situation to the simulation that represents it.

Answers

Answer: rolling aa six sided die- fiona is deciding which forest

selecting a playing card- Athena has to select 1 student

spinning a spinner - Jenny isa picking a marble

Step-by-step explanation:

Answer:

Fiona- Rolling A Six-Sided Die.

Althea- Selecting A Playing Card From

The Hearts Suit.

Jenny-Spinning A Spinner Divided Into

Five Equal Sections  

In the figure shown, suppose m angle ABC=n and m angle ABD=2(m angle DBC). The angle bisector of angle DBC is BE. What is m angle EBC

Answers

Answer:

n/6

Step-by-step explanation:

If angle bisector of angle DBC is BE. What is m angle EBC, then <DBE = <EBC

Since <ABC = <ABD+<DBC

n = 2<DBC+<DBC

n = 3<DBC

<DBC = n/3

Since <DBC = 2EBC

n/3 = 2<EBC

n/6 = <EBC

Hence <EBC = n/6

6th grade math please help thx!!​

Answers

The answer is 26 so that means the quotient is 26.

perform the indicated operation (-2i+3i)+(-1-4i)

Answers

Answer:

  -1 -3i

Step-by-step explanation:

It is unusual to have two imaginary terms grouped together like this. Taking the question at face value, we treat i as though it were a variable, and collect terms in the usual way.

  (-2i +3i) +(-1 -4i) = i(-2+3-4) -1 = -1 -3i


Describe the error in the work shown below.
Find an expression equivalent to 18 + 30.
Factors of 18: 1, 2, 3, 6, 9, 18
Factors of 30: 1,2,3,5, 6, 10, 15, 30
18 + 30 = 6(3 + 10)


Pls help fast

Answers

The answer is 18+30= 6(3+5) when you distribute the given one 18+30= 6(3+10) which was wrong, you get 18+60 so u need to replace the 10 with something that will equal 30 when multiplied; which is 5.

one millon divide by 473.8​

Answers

Answer:23(22.95684113865932)

Step-by-step explanation:

Will give brainliest answer

Answers

Answer:

-105°

Step-by-step explanation:

Rotation is counterclockwise

It means the angle is negative

We can see point C of the original figure is making a vertical line with point P

If we connect P to C' it is going to make more than 90 degree angle as it is above the horizontal line passing through the point P

Therefore we can estimate the angle as -105°

Billy walks 2.5 miles every day to soccer practice and catches a ride home from his Grandma. Billy had 5 practices last week. How many miles did Billy walk last week to practice? 10 points please help

Answers

Answer:12.5 mike he walked to practice last week

Step-by-step explanation:

2.5 miles everyday

5 practices last week

2.5 miles x 5 practices

Solve for x. 9x=288

Answers

Answer:

x = 32

Step-by-step explanation:

9x=288

divde both side by 9

Somebody please help me make some sense out of this:

“One morning a certain number of passengers got on an elevator at the main floor of an office building. Four got off at the second floor, of the remainder at the third floor, 75% of the remainder at the fourth floor and 3 at the 5th floor. If the elevator was empty at this point, how many got on the elevator at the main floor?”

Answers

I had everything possible to get to know you with 75%

Rewrite the quality 827,000,000,000,000 pico second to show :

1sig. Fig.

2sig. Fig.

3sig. Fig.

4 dig. Fig.

5sig. Fig.

Answers

Answer:

a. 1 sig. fig. _800,000,000,000,000 picoseconds (8 x 10^14 picoseconds)

b. 2 sig. figs. 830,000,000,000,000 picoseconds (8.3 x 10^14 picoseconds)  

c. 3 sig. figs. 827,000,000,000,000 picoseconds (8.27 x 10^14 picoseconds)

d. 4 sig. figs. 827,000,000,000,000 picoseconds  (8.270 x 10^14 picoseconds)

e. 5 sig. figs. 827,000,000,000,000 picoseconds  (8.2700 x 10^14 picoseconds)

Step-by-step explanation:

The school athletic director had a budget of $500 to purchase 164 items
for the soccer team. She purchased vests for $2.50 each, soccer balls for
$9.25 each, and cones for $0.75 each. She purchased 40 more cones than
balls. How many of each item can purchase?

Answers

Answer: She purchased 72 cones, 32 balls, and 60 vests.

Step-by-step explanation:

The total number of items is 164.

The price of the vests is $2.50 each.

The price of the soccer balls is $9.25 each.

The price of the cones is $0.75 each.

The total budget was  $500.

If V is the number of vests, B the number of balls, and C the number of cones, we have that:

V + B + C = 164.

V*$2.50 + B*$9.25 + C*$0.75 = $500.

and:

"She purchased 40 more cones than  balls."

C = B + 40.

Then we have a system of 3 equations and 3 variables:

V + B + C = 164.

V*$2.50 + B*$9.25 + C*$0.75 = $500.

C = B + 40.

Here the first step is to replace the third equation into the other two, in this way we eliminate one variable and one equation:

V + B + (B + 40) = 164

V*$2.50 + B*$9.25 + (B + 40)*$0.75 = $500.

Now we want to isolate one variable in one of the equations, i will isolate V in the first equation:

V = 164 - 2*B - 40 = 124 - 2*B

Now i can replace this into the other equation:

(124 - 2*B)*$2.50 + B*$9.25 + (B + 40)*$0.75 = $500

Now let's solve this for B.

$310 - $5*B + B*$9.25 + B*$0.75 + $30 = $500

B*( $9.25 - $5 + $0.75) = $500 - $310 - $30

B*$5 = $160

B = 160/5 =  32

Now we know the value of B.

And by the equations above:

V = 124 -2*B = 124 - 2*32 = 60

C = B + 40 = 32 + 40 = 72.

Then:

She purchased 72 cones, 32 balls and 60 vests.

number 27 please.. i can not figure it out.

Answers

Answer: x=-12

Step-by-step explanation:

To solve for x, you want to use algebraic properties to isolate x.

[tex]\frac{x}{4}=2+\frac{x-3}{3}[/tex]                       [subtract both sides by [tex]\frac{x-3}{3}[/tex]]

[tex]\frac{x}{4}-\frac{x-3}{3}=2[/tex]                       [get common denominator]

[tex]\frac{3x}{12} -\frac{4x-12}{12} =2[/tex]                  [subtract]

[tex]\frac{-x+12}{12} =2[/tex]                          [multiply both sides by 12]

[tex]-x+12=24[/tex]                     [subtract both sides by 12]

[tex]-x=12[/tex]                            [divide both sides by -1]

[tex]x=-12[/tex]

Now, we know that x=-12.

3. A company makes a profit of $60 per software program and $45 per video game. The company can produce at most 300 software programs and at most 200 video games per week. Total production cannot exceed 400 items per week. How many items of each kind should be produced per week in order to maximize the profit? Use linear programming to solve. Show all your work. Answer:

Answers

Answer:

Step-by-step explanation:

This problem is a maximization problem

the objective is to maximize profit

let software program be x

and video program be y

the objective function is

60x+45y>P-------1

constrains

300x+200y<400------2

we can further reduce the expressions

3x+2y<4-----2

S=c+g for g (help)!!!!!

Answers

Answer:

g = S - c

Step-by-step explanation:

Isolate the variable, g. Note the equal sign, what you do to one side, you do to the other. Simply subtract c from both sides:

S = g + c

S (-c) = g + c (-c)

S - c = g

g = S - c is your answer.

~

I need help with this question

Answers

Answer:

188 miles or 188.5 miles

Step-by-step explanation:50-17.95/17

Round 35,124 nearest ten thousands

Answers

Answer:

40,000

Step-by-step explanation:

because of the 5 in the thousands place means were rounding up

Malik is planning a 6-day summer vacation trip. He has $840 in savings, and he earns $45 per hour for tutoring. The trip will
cost him $525 for airfare, $780 for food and sightseeing, and $95 per night for the hotel. How many hours must he tutor to
have enough money to pay for the trip?

Answers

Answer:

23

Step-by-step explanation:

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

The number of hours required to tutor to have enough money to pay for the trip is 23 hours.

What is an expression?

An expression is a way of writing a statement with more than two variables or numbers with operations such as addition, subtraction, multiplication, and division.

Example: 2 + 3x + 4y = 7 is an expression.

We have,

Number of days for the summer vacation = 6

Savings = $840

Earnings per hour = $45

Airfare cost = $525

Food and sightseeing = $780

Hotel cost per night = $95

Number of hours = x

We can make an expression.

525 + 780 + 6 x 95 = 840 + 95x

525 + 780 + 570 = 840 + 45x

1875 = 840 + 45x

1875 - 840 = 45x

1035 = 45x

1035/45 = x

x = 23

This means 23 hours.

Thus,

The number of hours required to tutor to have enough money to pay for the trip is 23 hours.

Learn more about expressions here:

https://brainly.com/question/3118662

#SPJ1

A government agency has 6000 employees. As an alternative to the traditional five day work week, employees were asked whether they preferred a four day work week (10 hours per day) or flexible hours. The employee data provides the results by age category. What is the probability that a randomly selected employee at this government agency prefers a four day work week or is under 30

Answers

The table showing the data is missing, so i have attached it.

Answer:

0.8

Step-by-step explanation:

We want to find the probability that a randomly selected employee at this government agency prefers a four day work week or is under 30.

Now, we are told that the government agency has 6000 employees. Also, from the attached table, we see that the  number of people who prefer a 4 day work week are a total of:

600 + 1200 + 2100 = 3900

Thus, probability of people who prefer a 4 day work week = 3900/6000 = 39/60

Also, we see that total number of people aged under 30 = 600 + 300 = 900

Thus, probability of people aged under 30 is;

900/6000 = 3/20

Thus;

probability that a randomly selected employee at this government agency prefers a four day work week or is under 30 = 39/60 + 3/20 = 48/60 = 4/5 = 0.8

The number of hot dogs needed for the
picnic is two for each student
How many hot dogs do we need for 150
students?

Answers

you would need 300 hot dogs

HELP PRECALC DO NOT UNDERSTAND WILL GIVE BRAINLIEST

Answers

Answer:

  the lower right matrix is the third correct choice

Step-by-step explanation:

Your problem statement shows that you have correctly selected the matrices representing the initial problem setup (middle left) and the problem solution (middle right).

Of the remaining matrices, the upper left is an incorrect setup, and the lower left is an incorrect solution matrix.

__

We notice that in the remaining matrices on the right that the (2,3) term is 0, and the (3,2) and (3,3) terms are both 1.

The easiest way to get a 0 in the 3rd column of row 2 is to add the first row to the second. When you do that, you get ...

  [tex]\left[\begin{array}{ccc|c}1&1&1&29000\\1+2&1-3&1-1&1000(29+1)\\0&0.15&0.15&2100\end{array}\right] =\left[\begin{array}{ccc|c}1&1&1&29000\\3&-2&0&30000\\0&0.15&0.15&2100\end{array}\right][/tex]

Already, we see that the second row matches that in the lower right matrix.

The easiest way to get 1's in the last row is to divide that row by 0.15. When we do that, the (3,4) entry becomes 2100/0.15 = 14000, matching exactly the lower right matrix.

The correct choices here are the two you have selected, and the lower right matrix.

solve the equation x to the power of 2=10

Answers

Answer:

√10,−√10

Step-by-step explanation:

award brainliest

Find the midpoint of segment AB A(-7,6) B(4,-2)

Answers

Answer:4,05

Step-by-step explanation:

Help pls I will mark you brainliest

Answers

Answer:

no#2

Step-by-step explanation:

4.88 + 1.6*
What is the answer

Answers

Answer:

6.48 is the answer.

Complete the sentences to make true statements 6 is 100 times 0.06 is 10 times 60 is 1/100 of

Answers

Answer:

6 is 100 times 0.06

0.06 is 10 times 0.006

60 is 1/100 of 6,000

Step-by-step explanation:

Since 6/100 is equal to 0.06, we can say that 6 is the result of multiplying 0.06 by one hundred (0.06 x 100 = 6).

On the other hand, since 0.06 / 10 is equal to 0.006, it is correct to say that 0.006 x 10 is equal to 0.06 (0.006 x 10 = 0.06).

Finally, 60 is one hundredth of 6000, since multiplying 60 x 100 the result is 6,000 (6,000 / 100 = 60).

Ava is 23cm taller then Olivia, and Olivia is half the height of Lucas. If Lucas is 1.78m tall, how tall are Ava and Olivia

Answers

Answer:

Ava = 1.12 m tall

Olivia =  0.89 m tall

Step-by-step explanation:

given;

Ava is 23cm taller then Olivia,

Olivia is half the height of Lucas.

If Lucas is 1.78m tall

find:

how tall are Ava and Olivia

-------------------------------------

Ava = Olivia + 0.23

Olivia = Lucas / 2

Lucas = 1.78

plugin values into the equation above

Olivia = 1.78 / 2 =

Olivia =  0.89 m tall

Ava = 0.89 + 0.23

Ava = 1.12 m tall

Point S is on line segment RT.Given ST = 2x, and RT = 4x, and RS = 4x – 4,
determine the numerical length of RS

Answers

Answer:

2

Step-by-step explanation:

The required measure of the numerical length of RS is 4.

Given that,
Point S is on line segment RT.
ST = 2x, and RT = 4x, and RS = 4x – 4,
To determine the numerical length of RS.

What is line?

A line is a curve showing the shortest distance between 2 points.
Standard equation of the line, y = mx + c, where m is slope of the equation and c is y-intercept of the equation.

Here,

Point S is on line segment RT
The total length of RT,

RT = RS + ST
4x = 4x - 4 + 2x
4x  = 6x - 4
2x = 4
x = 2

RS = 4 x - 4
RS = 4 * 2 - 4
RS = 4

Thus, the required measure of the numerical length of RS is 4.

Learn more about lines here:

brainly.com/question/2696693

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