Finding the equilibrium quantity and price

Assignment Help Mathematics
Reference no: EM13830329

Problem:

The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $111.00. The quantity demanded each month is 1000 when the unit price is $81.00. The suppliers will market 750 espresso makers if the unit price is $37.00 or lower. At a unit price of $69.00, they are willing to make available 2350 units in the market. Both the demand and supply equations are known to be linear. Find the equilibrium quantity and the equilibrium price.

a. equilibrium quantity 1650 units, equilibrium price $55.00
b. equilibrium quantity 1650 units, equilibrium price $40.00
c. equilibrium quantity 1540 units, equilibrium price $40.00
d. equilibrium quantity 1540 units, equilibrium price $55.00

Additional Information:

This problem is basically belongs to Mathematics and it is about finding the equilibrium quantity and price of espresso coffee units and price.

Reference no: EM13830329

Questions Cloud

Finding root of pi square : Evaluate √π2 + √6 correct to 2 decimal places
Finding the point of intersection of two straight lines : This question is basically belongs to Mathematics and it is about finding the point of intersection of two straight lines.
Price which affect demand and supply : Comparative advantage/Absolute advantage of any country in any industry and why/how Demand and supply of certain resources in Australia or any other country and factors other than price which affect demand and supply
Finding the point of intersection of two straight lines : Find the point of intersection of the pair of straight lines.
Finding the equilibrium quantity and price : The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $111.00. The quantity demanded each month is 1000 when the unit price is $81.00.
Finding the reference angle for given values : Find the reference angle for the given angle.
Explain three micro-level theories about cause of deviance : These are fundamental questions about sociology. The 1 st problem is about deviant social behavior. We can see many people who behave in a deviant manner than others.
Finding the trigonometric functions : Find the values of the trigonometric functions of θ from the information given. sin θ = 3/5 in quadrant II
Finding the log for the given number : This problem is basically from Mathematics and it is about finding the log for the given number.

Reviews

Write a Review

Mathematics Questions & Answers

  Identify general solution in terms of familiar elementary

Fnd two linearly independent power series solutions of the given differential equation. Determine the radius of convergence of each series, and identify the general solution in terms of familiar elementary functions.

  The seling price of a washing machine is 34500 if the

the seling price of a washing machine is 345.00 if the markup is 15 of the dealers price what is the dealers cost of

  Explain the meaning of either a vertical shift

Then, explain the meaning of either a vertical shift of 10 units or a horizontal shift of ten units. Be sure to explain what this shift would mean in the context of the function.

  What is the food cost percentage

the begaining inventory was 16,004.94 the evening invortory was 17,010.52 purchases for the month is 25,119.11 and the sale for the month 96,808.71. what is the food cost percentage.

  How do vision and mission statements influence assessment

conduct research on organizations that rate companies on a specific facet of social responsibility. how do they assess

  What is the range of the slopes

Name at least one situation in real life where you measure slope? What is the range of the slopes you encounter for this measurement?

  Evaluating functions by using derivatives

Let f be a function that is differentiable for all real numbers. The table gives the values of f and its derivative f' for selected points x in the closed interval -1.5 0 for -1.5

  What would be the slope of the regression line

Now, if you measured the tail length in centimeters instead of millimeters, what would be the slope of the regression line? (There are 10 millimeters in a centimeter.)

  Find the time when it reaches the highest point

The height f (t), in feet of an object thrown upward after t seconds is given by f(t) = 256t - 16t^2 (a) Find the time when it reaches the highest point. (b) how high does it go

  On a 10-questions multiple choice test

On a 10-question multiple choice test there are 5 possible answers for each question, of which 1 is correct and the other 4 are incorrect. If a student guesses randomly and independently, what is the probability of:

  Positive deficient square pentagonal numbers

Find the first five positive deficient square pentagonal numbers. The answer should demonstrate in a table with 3 columns how to get the corresponding m, n and Pm for each of the 5 numbers.

  State with one method called acceptance sampling

With one method called acceptance sampling, a sample of items is randomly selected without replacement and the entire batch is acepted if everyitem in the sample is okay

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd