The equilibrium point for the pair of demand and supply function is 100
We have been two linear function, one is linear supply function and other is linear demand function.
In general , linear supply function is given as:
Qs = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
And linear demand function is given is :
Qd = x + yP
Where , Qs = quantity supplied
x = quantity
P = price
According to the question,
Linear supply function is q = 300 + 5x
And linear demand function is q = 4800 – 40x
To find the equilibrium point we will put two quantities equal, that is,
Qs = Qd
300 + 5x = 4800 – 40x
5x + 40x = 4800 – 300
45x = 4500
x = 100
Hence the equilibrium point is 100
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Answer:
No. Reduce 10/8 by dividing by 2. 10/8= 5, 8/2= 4. 10/8= 5/4. Reduce 16/20 by dividing by 4. 16/4= 4 , 20/4= 5. 16/20= 4/5.
567 = 500+60+7
4*567 = 4*(500+60*7)
4*567 = 4*500 + 4*60 + 4*7 ... see note below
4*567 = 2000 + 240 + 28
4*567 = 2268
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note: multiply the outer term 4 by each term inside the parenthesis to use the distributive property. The general distributive property is a*(b+c) = a*b+a*c. This can be extended to a*(b+c+d) = a*b+a*c+a*d. You can have as many terms as you like inside the parenthesis.
Answer:
16 tons
Step-by-step explanation:
To solve the first step is to change years to months because the time periods are in different units. There are 12 months in 1 year. This means that the company sells 48 tons over 12 months. 4 months is the equivalent of 1/3 of 12 months. This means that we can find the amount sold in 4 months by dividing 48 by 3. 48/3 is 16. Thus, the steel company sells 16 tons in 4 months.
Another way to find the answer is to find the unit rate. The unit rate is how many tons are sold in 1 month. Find this by dividing 48 by 12 because this represents the sales of 1 month. 48/12=4, this means that in 1 month, 4 tons of steel are sold. Next, multiply 4 times 4 to find the amount of steel sold in 4 months. 4 times 4 also gives you the same answer of 16.
Answer:
15
Step-by-step explanation:
