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
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Answer:
First Graph
Step-by-step explanation:
3y-5x<-6
3y<5x-6
y<5/3x-6/3
y<5/3x-2
plug in the coordinates (0,0)
0<0-2
0<-2
0 is not less than -2
therefore the graph would be shaded opposite of (0,0)
Answer:
280
Step-by-step explanation:
V=Bh
V=1/2(7x10)8 *it is a triangluar pyrmid so the base is a triangle*
V=1/2x70x8
V=35x8
V=280
Answer:280
Answer:
a=1.66
b=8368.12
Step-by-step explanation:
hope it helps