Answer: Equilibrium price would be $13.33 and equilibrium quantity would be 133.3 units.
Step-by-step explanation:
Since we have given that
Demand function is stated as
Supply function is stated as
We need to find the equilibrium price and quantity for this device.
For equilibrium, D(p) = S(p).
so, it becomes,
and when we put the value of p in any function:
Hence, Equilibrium price would be $13.33 and equilibrium quantity would be 133.3 units.
Answer:
(3y + 5) / (y^2)
Step-by-step explanation:
Sorry it's not actually in fraction format. That little button thing is having troubles atm on my end. Hope this is okay
A) part of it is decreasing, part of it is increasing.
Going left-to-right, the downhill/negative slope is the decreasing portion (x<-1) and the uphill/positive slope is the increasing portion (x>-1).
B) The x-intercepts are the points where the graph intersects the x-axis: (2,0) and (-4,0).
C: The y-intercept is the point where the graph intersects the y-axis: (0,-2).
D: There is no absolute maximum. The graph keeps going up forever.
E: The absolute minimum <u>point</u> is at that bottom, at (-1, -3). The absolute minimum <u>value</u> is -3, since that's the lowest y-value used.
Answer:
<u>Commutative property:</u> states that the order in which we multiply numbers does not change the product.
<u>Associative property:</u> states that you can add or multiply regardless of how the numbers are grouped (aka parenthesis).
<u />
