The Market The equation for market demand is given by: 100- Q = 950 - 10p. 90- The equation for market supply is given by: 80- Q = - 400 + 20p. 70- 60- For the numerical questions that follow, answer them using the equations above. Do not rely on the graph. 50-45 At the market equilibrium price of $45, the residual demand for a given firm is: 0 units. (Enter your response as an integer.) 40- p = 32.00 30- At a market price of $32.00, the residual demand for this same firm is:units. (Enter your response as an integer.) 20- 10- 500 0- Ó 100 200 300 400 500 60 700 800 900 1000 Quantity (per week) Price
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- Refer to the diagram to the right. The Market The equation for market demand is given by: 100- Q = 950 – 10p. 90- The equation for market supply is given by: 80- Q, = - 400 + 20p. 70- 60- For the numerical questions that follow, answer them using the equations above. Do not rely on the graph. 50-45 At the market equilibrium price of $45, the residual demand for a given firm is: 40- p = 35.00 units. (Enter your response as an integer.) 30- 20 At a market price of $35.00, the residual demand for this same firm is: units (Enter your response as an integer.) 10- 500 dD ó 100 200 300 400 500 600 700 800 900 1000 Quantity (per week) The slope, n of this firm's residual demand curve is:. (Enter your response rounded to one decimal place.) tv MacBook Air 80 FB F9 F10 F2 F3 F4 FS 2# $ & 3 4 5 6. 7 8 9 { W E R Y P D G H K > с command option .. .. B >Refer to the diagram to the right. The Market The equation for market demand is given by: 100- Q = 950 – 10p. 90- The equation for market supply is given by: 80- Q = - 400 + 20p. 70- 60- For the numerical questions that follow, answer them using the equations above. Do not rely on the graph. 50어45 40- At the market equilibrium price of $45, the residual demand for a given firm is: 0 p = 32.00 30- units. (Enter your response as an integer.) 20- At a market price of $32.00, the residual demand for this same firm is: 390 units. 10- D' (Enter your response as an integer.) :500 100 200 300 400 500 600 70 800 900 1000 dD of this firm's residual demand curve is: . (Enter your response The slope, Quantity (per week) dP rounded to one decimal place.) étv Etext 13 MacBook Air 80 DII esc F3 F5 F6 F7 F8 F1 F2 * ! @ # 2$ & 1 2 6. 7 8. Q W T Y tab A S D H os lock C V Price B < cORefer to the diagram to the right. Q The Market The equation for market demand is given by: 100- Q = 950 – 10p. 90- The equation for market supply is given by: 80- Q = - 400 + 20p. 70- 60- For the numerical questions that follow, answer them using the equations above. Do not rely on the graph. 50-45 40- p = 35.00 At the market equilibrium price of $45, the residual demand for a given firm is: 0 units. (Enter your response as an integer.) 30- 20- At a market price of $35.00, the residual demand for this same firm is: 70 units. (Enter your 10- response as an integer.) 500 0- 100 200 300 400 500 600 700 800 900 1000 dD of this firm's residual demand curve is:-7. (Enter your response rounded to Quantity (per week) The slope, dP one decimal place.) DEC stv E 20 g: 00:38:40 Next PII FB F4 FS F3 & @ $ 2 3 4 5 6 8 { [ R T Y P Q W E S D G H J K L A > C V N M command option command .. .- V - N
- The demand and supply schedules in this table list the quantity supplied and quantity demanded of steelworkers at different salaries. Provide your answer below: Annual Salary ($) 60000 40000 20000 Annual Salary $40,000 $45,000 $50,000 $55,000 $60,000 огсгт The highest and lowest points on the supply and demand curves have been plotted for you and are stationary. Using the demand and supply schedule provided above, move the other points on the graph to their correct coordinates to discover the equilibrium point where the demand curve of those employers who want to hire steelworkers intersects with the supply curve of those who are qualified and willing to work as steelworkers. 0 Demand and Supply of Steelworkers Quantity Demanded Demand 20, 000 15, 000 10, 000 (4000, 37-000) 5,000 0 (13000, 58000) (18000, 66000) Supply (11000, 50000) (6000, 27000) (13000, 32000) 20000 Quantity Supplied 10,000 15, 000 20, 000 40000 Quantity of Workers 25,000 30,000Producers of a certain brand of refrigerator will make 1600 refrigerators available when the unit price is $320. Ata unit price of $370, 5600 refrigerators will be marketed. Find the equation relating the unit price p of a refrigerator to the quantity supplied x if the equation is known to be linear How many refrigerators will be marketed when the unit price is s4207 refrigerators What is the lowest price at which a refrigerator will be marketed?The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock. Demand Supply Price 166 131 $31 146 181 $43 Use this information to find the following. (a) points on the demand linear equation (x, p) (smaller x-value) (х, р) %3 (larger x-value) points on the supply linear equation (х, р) (smaller x-value) (x, p) = ( ) (larger x-value) (b) the demand equation p = (c) the supply equation p (d) the equilibrium quantity and price Equilibrium occurs when the price of the clock is $ and the quantity is
- The blue curve on the follovwing graph represents the demand curve facing a firm that can set its own prices. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Goods 250 225 I Quantity Demanded 25 200 (Units) 175 Demand Price (Dollars per unit) 125.00 150 125 100 75 Demand 50 25 30 QUANTITY (Units) 5 10 15 20 25 35 40 45 50 On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10, 20, 25, 30, 40, and 50 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results 3130 2817 Total Revenue 2504 2191 1878 + 1565 1252 939 626 313 5 10 15 20 25 30 35 40 45 50…The following graph shows the monthly demand and supply curves in the market for combs. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per comb) 528 && 28 72 64 56 48 40 16 Supply Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Combo) Graph Input Tool Market for Combs Price (Dollars per comb) Quantity Demanded (Combs) 24 500 Quantity Supplied (Combs)QUESTION 14 Sunglasses manufacturer Oakley, Inc. produces high-end and low-end versions of their performance sunglanses. They estimate that the demands for their products are given by: High-end sunglasses: P= 130 - 20H , and Low-end sunglasses: P 80 - QL, where Q is measured in 1000 sunglasses, "H" denotes High-end and "L" denctes Low-end Both types of sunglasses are produced on the same production line in the same facility, so the marginal cost of producing and selling both types of sunglasses is constant at $30. Supposing that (1) the two demands are independent and (H) Oakley can produce and market the sunglasses such that the high- and low-end markets are successfully segmented, what are the profit-maximizing prices Oakley would dharge for each version? O oakley will set price equal to marginal cost for both versions, le, P $30. O By the "midpoint rule", PH- $65 and PL $40. OPH- $80 and PL-$55. OPH- $130 and PL $80.
- A large number of firms are capable of producing chocolate-covered cockroaches The linear upward sloping supply curve starts on the price axis at $8 per box. A few hardy consumers are willing to buy this product (possibly to use as gag gifts) Their linear, downward sloping demand curve hits the price axis at $3 per box. Draw the supply and demand curves 12- 11- 10- 1) Using the line drawing tool graph the market supply curve Label this line 'S 8- 7- 2.) Using the line drawing tool, graph the market demand curve Label this line 'D Carefully follow the instructions above, and only draw the required objects 4- 1- 10 12 14 16 10 20 Q Dores of chocolate-covered cockroaches PS per box of cockroaches ofThe Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock. Supply 133 183 Demand 168 148 Use this information to find the following. (a) points on the demand linear equation (x, p) = ( 148,44 (x, p) = 168,32 (x, p) = points on the supply linear equation (x, p) = (183,44 (133,32 Price $32 $44 (b) the demand equation p P = (smaller x-value) ) (larger x-value) (c) the supply equation p p= (smaller x-value) (larger x-value) (d) the equilibrium quantity and price Equilibrium occurs when the price of the clock is $ and the quantity isIn today’s global economy, the number of firms in the market critically depends on the entry and exit decisions of foreign firms. Recently, several Chinese automakers including the biggest brand announced ambitions plans to expand abroad. For instance, Chery Automobile Co. already exports to 70 developing countries in Asia, the Middle East and Latin America and is eyeing further expansion into more developed With the aid of diagram, indicate what happen to supply curve if Citroen increase the price and explain.