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Category > Statistics Posted 09 May 2017 My Price 3.00

Market equilibrium the monthly demand and supply

Market equilibrium the monthly demand and supply functions for the luminar desk lamp are given by

Respectively, where p is measured in dollars and x in units of a thousand. Find the equilibrium quantity and price.

 

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Alpha Geek
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Status NEW Posted 09 May 2017 01:05 PM My Price 3.00

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file 1494337006-1584368_1_636298109946234130_Equilibrium.docx preview (33 words )
T-----------he -----------dem-----------and----------- fu-----------nct-----------ion----------- is----------- d(-----------x)=------------1.-----------1x2-----------+1.-----------5x+-----------40 ----------- Th-----------e s-----------upp-----------ly -----------fun-----------cti-----------on -----------is -----------s(x-----------)=0-----------.1x-----------2+0-----------.5x-----------+15----------- F-----------or -----------equ-----------ili-----------bri-----------um -----------dem-----------and-----------=su-----------ppl-----------y ------------1.-----------1x2-----------+1.-----------5x+-----------40=-----------0.1-----------x2+-----------0.5-----------x+1-----------5 -----------1.2-----------x2------------x-2-----------5=0----------- 1-----------.2x-----------2-6-----------x+5-----------x-2-----------5=0----------- 1-----------.2x-----------(x------------5)+-----------5(x------------5)-----------=0 ----------- (1-----------.2x-----------+5)-----------(x------------5)=-----------0 -----------1.2-----------x+5-----------=0 -----------or -----------x-5-----------=0 ----------- X=-----------5 i-----------s t-----------he -----------req-----------uir-----------ed -----------sol-----------uti-----------on -----------as -----------x c-----------ann-----------ot -----------be -----------neg-----------ati-----------ve.----------- T-----------he -----------equ-----------ili-----------bri-----------um -----------qua-----------nti-----------ty -----------is -----------500-----------0 u-----------nit-----------s. ----------- Th-----------e e-----------qui-----------lib-----------riu-----------m p-----------ric-----------e i-----------s p-----------=s(-----------5)=-----------0.1-----------(5)-----------2+0-----------.5(-----------5)+-----------15=-----------0.1-----------(25-----------)+2-----------.5+-----------15=-----------20 -----------dol-----------lar-----------s. ----------- P=-----------d(5-----------)=------------27.-----------5+7-----------.5+-----------40=-----------20
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