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Vaselesa [24]
2 years ago
6

The demand for a certain company's e-reader can be approximated byq =720p− 1 million units per year (60 ≤ p ≤ 400),where p is th

e price charged by the company. Assume that the company is prepared to supplyq = 0.018p − 1 million units per year (60 ≤ p ≤ 400)at a price of $p per unit.Calculate the equilibrium price and equilibrium demand.equilibrium price$equilibrium demand million e-readers per year.
Mathematics
1 answer:
LenKa [72]2 years ago
8 0

Answer:

Equilibrium price P = 200 dollars

equilibrium demand of million e-readers per yer = 2.6 mi/yr

Step-by-step explanation:

Given that;

q = 720/p - 1 million units per year { 60 ≤ p ≤ 400 }

supply q = 0.018p − 1 million units per year (60 ≤ p ≤ 400)

we substitute

720/p - 1  = 0.018p − 1

720/p = 0.018p

720 = 0.018p^2

p^2 = 720/0.018 = 40000

p = sqrt(40000)

p = 200

substitute value of p

q = 0.018(200) − 1

q = 3.6 - 1 = 2.6

Therefore Equilibrium price P = 200 dollars

equilibrium demand of million e-readers per yer = 2.6 mi/yr

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Answer:

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2 years ago
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bagirrra123 [75]

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5 0
3 years ago
Read 2 more answers
Can you help with this. Thanks!
Ierofanga [76]
92 males buy tickets so
200-92=108
so 108 females buy tickets

30 males buy business and a total of 44 people (female and male) but business so 44-30=14
14 females buy business

108-14(business ticket) = 94 females left.
62 of those 94 females buy economy tickets
so therefore 94-62=32. 32 females left over

14 females = business
62 females = economy
14 + 62 = 76
108 - 76 = 32
32 remaining females buy premium


it says a total of 60 people buy premium so 60 - 32 = 28

so 28 males buy premium

hope this helped
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3 years ago
the parent function of the function g(x)=(x-h)^2+k is f(x)=x^2. the vertex of the function g(x) is located at (9,8). what are th
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Answer:

<h2>h = 9, k = 8</h2>

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