1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ycow [4]
3 years ago
7

The supply and demand for a product are related to price by the following​ equations, where y is the​ price, in​ dollars, and x

is the number of​ units, in thousands. Find the equilibrium point for this product. y=300+50x y = 13800-40x
The equilibrium point is (150,7800).
Business
1 answer:
Angelina_Jolie [31]3 years ago
3 0

Answer: Equilibrium Price = $7800

Explanation:

Given that,

y = 300 + 50x

y = 13800 - 40x

where,

y represents the price in dollars and x represents the number of units

Equilibrium point is where both the equations are equal,

300+50x = 13800-40x

90x = 13500

x = \frac{13500}{90}

x = 150 units

y = 300 + 50 × 150

y = $7800

(x,y) = (150, 7800)

Therefore,

Equilibrium Price = $7800

You might be interested in
5. Destiny is asked if she wants to open a Macy's credit card on the spot when she is checking out.
Zielflug [23.3K]
B because is B I now it is
5 0
3 years ago
If a johnny rocket's burgers has 11,500 burgers in inventory on hand and they sell 1,000 units a day, how many days of inventory
riadik2000 [5.3K]
11.5 days, assuming none of the burgers expire before then.
8 0
3 years ago
Which of the following is true when an economy produces at full employment, but consumers, government, businesses, and the forei
Art [367]

Answer:

When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

Explanation:

According to the Keynesian perspective, firms produce output only if they expect it to sell.

While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.

Keynes termed a fall in the aggregate demand as a recessionary gap.

A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.

Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

6 0
3 years ago
The person most qualified to assess the overall risk in a work package activity in a project is the:
WINSTONCH [101]
<span>The person most qualified to assess the overall risk in a work package activity in a project is the team member and / or line manager.
The team member cannot be the only one who will assess such risks - he will need to be accompanied by the line manager, or the manager can do it on his own. PR and sponsors do not deal with such actions - PR deals with public relations, and sponsors with giving money.
</span>
4 0
3 years ago
The ""Know They Customer"" program: a. is a federal program directed at commercial bribery prevention. b. is a federal program r
Serga [27]

Answer: B. A federal program aimed at detecting money laundering

Explanation: with rising corruption issues, financing of terrorism and money laundering becoming so prevalent the Know Your Customer program was initiated to help combat these issues. It is a process by which banks obtain personal information about the identity and address of its customers. In this, banks are prevented from being used to service money laundering activities while also enabling them better understand their customers, monitor their financial dealings thus, assisting them in serving their customers better and manage its risks wisely.

4 0
3 years ago
Other questions:
  • Bauman Flooring found a supplier of very inexpensive fibers that could be used to produce low-grade carpeting at a very low cost
    7·1 answer
  • The ____ of startup ventures depends heavily on the entrepreneur's personal resources
    5·1 answer
  • An automobile rental company interested in learning and adapting to the needs of its customers is focusing on the business​ driv
    10·1 answer
  • If a company makes three entries into the cash receipts journal for cash received from customers paying on account of $500, $750
    10·2 answers
  • Which type of rubric contains a rating scale?
    15·2 answers
  • Consumers sell goods or services for a profit.<br> O True<br> o flase
    13·2 answers
  • You decide to incorporate your bracelet business and get your mother and brother involved in the corporation. Your executive com
    11·1 answer
  • Easton Corporation is involved in the evaluation of a new computer-integrated manufacturing system. The system has a projected i
    6·1 answer
  • Tidewater, Inc., requires its job applicants to take a test that measures their vocabulary and numerical skills. For specific jo
    5·1 answer
  • Builder's risk coverage is typically procured by the owner, with protection extended to the contractor and subcontractors. Quest
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!