The equilibrium price is $12.
<h3>What is the
equilibrium price ?</h3>
Equilibrium is the point where the quantity demanded is equal to the quantity supplied. The price at equilibrium is known as the equilibrium price and the quantity at equilibrium is known as the equilibrium quantity.
When shown on a graph, equilibrium is the point where the quantity demanded curve is equal to the quantity supplied curve.
When there is equilibrium, the equation of quantity demanded would be equal to the equation of quantity supplied.
-280 + 40p = 800 - 50p
In order to determine the value of p, take the following steps:
Combine similar terms: 800 + 280 = 40p + 50p
Add similar terms = 1080 = 90p
Divide both sides of the equation by 90 : 1080 / 90 = 12
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Answer:
9x + 4 = 3(3x + 4)
Step-by-step explanation:
Vertical line is a way to determine whether a functin is a function or not.
The points you found are the vertices of the feasible region. I agree with the first three points you got. However, the last point should be (25/11, 35/11). This point is at the of the intersection of the two lines 8x-y = 15 and 3x+y = 10
So the four vertex points are:
(1,9)
(1,7)
(3,9)
(25/11, 35/11)
Plug each of those points, one at a time, into the objective function z = 7x+2y. The goal is to find the largest value of z
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Plug in (x,y) = (1,9)
z = 7x+2y
z = 7(1)+2(9)
z = 7+18
z = 25
We'll use this value later.
So let's call it A. Let A = 25
Plug in (x,y) = (1,7)
z = 7x+2y
z = 7(1)+2(7)
z = 7+14
z = 21
Call this value B = 21 so we can refer to it later
Plug in (x,y) = (3,9)
z = 7x+2y
z = 7(3)+2(9)
z = 21+18
z = 39
Let C = 39 so we can use it later
Finally, plug in (x,y) = (25/11, 35/11)
z = 7x+2y
z = 7(25/11)+2(35/11)
z = 175/11 + 70/11
z = 245/11
z = 22.2727 which is approximate
Let D = 22.2727
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In summary, we found
A = 25
B = 21
C = 39
D = 22.2727
The value C = 39 is the largest of the four results. This value corresponded to (x,y) = (3,9)
Therefore the max value of z is z = 39 and it happens when (x,y) = (3,9)
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Final Answer: 39
Answer:
1/20 divided by 950
Step-by-step explanation:
