Answer:
0.45
Step-by-step explanation:
Answer:
The equilibrium quantity is 26.4
Step-by-step explanation:
Given


Required
Determine the equilibrium quantity
First, we need to determine the equilibrium by equating Qd to Qs
i.e.

This gives:

Collect Like Terms


Solve for P


This is the equilibrium price.
Substitute 2.4 for P in any of the quantity functions to give the equilibrium quantity:



<em>Hence, the equilibrium quantity is 26.4</em>
Answer: 71
Step-by-step explanation:
F(8)= 2(8)^2-7(8)-1
=71
Answer:
y = -6x + 2
Step-by-step explanation:
Slope intercept form: y = mx + b
m is the slope
b is the y-intercept
The line pictured goes down 6 for each 1 it moves to the right, slope is rise over run, in this case, -6/1 or just -6
The y-intercept is the point that the function crosses the y-axis, in this case 2
Plug those in to get:
y = -6x + 2