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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

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Answer:

The options are:

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B $163,350.

C $128,500.

D $188,200.

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Explanation:

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Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00  

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Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point syste
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Answer:

Following is the solution for the given problem.

Explanation:

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Answer:

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The loan is given based on how credit worthy the consumer is. Failure to pay back the loan after the stipulated time frame would result to the seizure of the consumer's property or assets by the lending institution. The lending institution could be a bank. A mortgage loan, and a car loan are examples of consumer installment loans.

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Answer:

FED raise the federal funds rate target by 0.5%

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