Find demand-price equation assuming relationship is linear

Assignment Help Business Economics

Reference no: EM131085896

A manufacturer can sell 400 watches for $11 each and 800 watches for $6 each. a) Find a demand and price equation assuming the relationship is linear. p Dq = = ( ) _______________ b) Find the quantity demanded at $10 per watch. ____________ c) Suppose the price and supply of the watch are related by p = = Sq q ( ) .0075 , where p is the price in dollars and q is the number of watches supplied. Find the quantity supplied at $10 per watch. ____________ d) Use algebra to find the equilibrium point and then graph both functions.

Reference no: EM131085896

Questions Cloud

A planar xy coordinate system is used as target : A planar xy coordinate system is used as target. The probability to observe a hit in the plane may be given by the normal distribution of Problem 3.9.4 (e). Use the result of that problem to determine

Find the cost-minimizing input bundle to produce : Suppose a firm’s production function is q = 5LK , where q is the level of output, L is the quantity of labour and K is the quantity of capital. find the cost-minimizing input bundle to produce 720 units of output.

Discussion on marketing mix and social media : Discussion on marketing mix and Social media as mktg. technique and Description of the market competition

Personal assessment of the top : How does the 2016 Election affect the overall economy? What does the government need to do to rectify this problem? How long before another economic crash occurs if the problem persist? What is your personal assessment of the top?

Find demand-price equation assuming relationship is linear : A manufacturer can sell 400 watches for $11 each and 800 watches for $6 each. Find a demand and price equation assuming the relationship is linear. p Dq = = ( ). Find the quantity demanded at $10 per watch.

Large corporation that produces and sells : What do you refer to a large corporation that produces and sells its goods and services in more than one country?

Car depreciation problem : Car Depreciation problem: A common complaint is that a new car will depreciate by 25% as soon as the new owner drives it off the lot. This information comes from resale price data from cars sold just months after the initial purchase. How does advers..

Does this result show a clear advantage for one party : Use these samples to determine for a much larger sample of size n the sizes ni of the subsamples in such a way that has the smallest variance (cf. Example 6.6).

The availability of close substitutes : Consider some determinants of the price elasticity of demand: The availability of close substitutes. Whether the good is a necessity or a luxury. How broadly you define the market.

User Account

All Pages