Our peak time this week will be 8:00 am to 12:00 pm, which requires 32% more agents than the afternoon requirements of 473 agent
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When the price is at $42 per keyboard, there is a surplus in the market. At $42, there is a surplus of 300 units of keyboards in the market. The pressure is downward. When demand is low, there is a pressure for the prices to be reduced.
<h3>What is the market situation at $18?</h3>At $18, there is a shortage of 200 keyboards. The pressure is upwards. Basic demand and supply indicates that when the demand is above the equilibrium point, the pressure for price to increase is high.
It is to be noted that the equilibrium point is the basis for the above rationalization. The equilibrium point is the price-point at which demand equals supply.
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Full Question:
The following graph shows the monthly demand and supply curves in the market for keyboards.
A) Use the graph input tool to help you answer the following questions. Enter an amount into the Price field to see the quantity demanded and quantity supplied at that price.
B) The equilibrium price in this market is ________ per keyboard, and the equilibrium quantity is ____________ keyboards bought and sold per month.
Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices.
Also see the attached image.
P = 2x+2(450-x)=900
A = x(450 - x)
A = x(450 - x)
-x² + 450x = A
-x² +450x = A
A is going to be maximum, when x is a vertex.
-(x² - 450x) = A
-(x² - 2*225x+225²) - 225² =A
-(x-225)² -225² = A
Vertex when x=225
Largest are 225(450-225) = 225² = 50625 ft²
The square has a largest area.
A = x(450 - x)
A = x(450 - x)
-x² + 450x = A
-x² +450x = A
A is going to be maximum, when x is a vertex.
-(x² - 450x) = A
-(x² - 2*225x+225²) - 225² =A
-(x-225)² -225² = A
Vertex when x=225
Largest are 225(450-225) = 225² = 50625 ft²
The square has a largest area.
Answer:
Explanation:
If John needs to ensure a 40% profit, John needs to sell the pines at a price that would give 40% more money back than he spent.
Since John needs to make back all of the money he spent, plus another 40%, John needs to get back 140% of what he spent.
John spent $3500.
140% of $3500 is $4900.
So, John must bring in $4900 (revenue) selling all 15 pines to achieve a 40% profit.
However, the question asks for the price of a single pine. To find the unit price of a single pine, divide the total revenue by 15.