HELP ASAP PLS ANSWER THE QUESTION IN THE PIC I GIV BRAINLEST AND LOTS OF POINTS TO CORRECT ANSWER

The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $138. The quantity demanded each mon

Stells [14]

Answer:

(a) $D(q)=\frac{-1}{25} q+148$

(b) $S(q)=\frac{1}{50}q+58$

(c) $p_{*} =88\\\\q_{*} =1500$

Step-by-step explanation:

(a) For the demand equation D(q) we have

P1: 138 Q1: 250

P2: 108 Q2: 1000

We can find m, which is the slope of the demand equation,

$m=\frac{p_{2} -p_{1} }{q_{2} -q_{1} }=\frac{108-38}{1000-250} =\frac{-30}{750}=\frac{-1}{25}$

and then we find b, which is the point where the curve intersects the y axis.

We can do it by plugging one point and the slope into the line equation form:

$y=mx+b\\\\D(q)=mq+b\\\\138=\frac{-1}{25}(250) +b\\\\138=-10+b\\\\138+10=b=148$

With b: 148 and m: -1/25 we can write our demand equation D(q)

$D(q)=\frac{-1}{25} q+148$

(b) to find the supply equation S(q) we have

P1: 102 Q1: 2200

P2: 102 Q2: 700

Similarly we find m, and b

$m=\frac{p_{2} -p_{1} }{q_{2} -q_{1} }=\frac{72-102}{700-2200} =\frac{-30}{-1500}=\frac{1}{50}$

$y=mx+b\\\\D(q)=mq+b\\\\72=\frac{1}{50}(700) +b\\\\72=14+b\\\\72-14=b=58\\$

And we can write our Supply equation S(q):

$S(q)=\frac{1}{50}q+58$

(c) Now we may find the equilibrium quantity q* and the equilibrium price p* by writing D(q)=S(q), which means the demand equals the supply in equilibrium:

$D(q)=S(q)\\\\\frac{-1}{25}q+148=\frac{1}{50}q+58\\\\$

$148-58=\frac{1q}{50} +\frac{1q}{25} \\\\90= \frac{1q}{50} +\frac{2q}{50}\\\\90=\frac{3q}{50}\\ \\q=1500\\\\$

We plug 1500 as q into any equation, in this case S(q) and we get:

$S(q)=\frac{1}{50}q+58\\\\S(1500)=\frac{1}{50}(1500)+58\\\\S(1500)=30+58\\\\S(1500)=88$

Which is the equilibrium price p*.

8 0

2 years ago

Dave can clean pools at a constant rate of 3/5 pools/hours , What is the ratio of the number of pools to the number of hours?

mojhsa [17]

Answer:

The correct ratio for this is: 3:5.

Example:

If Dave had 10 hours to clean pools, how many would he be able to clean?

Answer: Using the ratio 3.5, Dave would be able to clean 6 pools in 10 hours.

Have a great day/night! ^^

3 0

1 year ago

How do I solve this?

aev [14]

I need more information in order to solve it

3 0

2 years ago

I need some help please

zvonat [6]

10 x 10 = 100 80 x 80 =6400 6400-100= 6300 so that would have to be 3150ft.

5 0

2 years ago

Plz help me answer this

kow [346]

Answer:

140

Step-by-step explanation:

Solve 40% of 350.

8 0

2 years ago

Read 2 more answers