Answer:
A)
Step-by-step explanation:
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
Learn more about equilibrium point here : brainly.com/question/1915798
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Answer:
53
Step-by-step explanation:
70-17= 53
Answer:
A) 
B) 
Step-by-step explanation:
A survey of 46 college athletes found that
- 24 played volleyball,
- 22 played basketball.
A) If we pick one athlete survey participant at random, the probability they play basketball is
B) If we pick 2 athletes at random (without replacement),
- the probability we get one volleyball player is
- the probability we get another basketball player is
(only 45 athletes left).
Thus, the probability we get one volleyball player and one basketball player is
