Answered: If the demand for a pair of shoes is…

If the demand for a pair of shoes is given by 2p+5q=100 and the supply function for it is p-2q=10 , find the quantity demanded and the quantity supplied when the price is $40

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Related questions

Q: A certain electronics manufacturer is making GPUs for gaming laptops (GPU stands for graphics…

Q: Nancy sells handcrafted bracelets at a flea market for $8. If her monthly fixed costs are $845 and…

Q: Finbar bought his home for $150,000 in 2010. Property values have increased 10% every year since he…

A: Given, in 2010 Finbar bought his home $150,000 property value increase 10% every year, To find the…

Q: David works for a company that sells computer parts. His weekly salary (YA) is calculated as $320…

Q: mma earns a yearly salary of $42,000 and will be receiving a $350 raise. Anna earns $13.50 per hour…

A: To compute absolute and relative raises we need to compute the base salary for both Emma and Anna.

Q: A trader ordered x number of pen drives for GH¢48,000.00. She found that 40 of them were defective…

A: If the price of n units is P dollars, then the price of 1 unit is Pn dollars . If the cost price per…

Q: The monthly revenue of a certain company is given by R=960p - 7p2, where p is the price in dollars…

Q: The demand for your hand-made skateboards, in weekly sales, is q = −5p + 500 if the selling price…

A: In a perfect market equilibrium, neither a shortage nor a surplus exists. This happens when the…

Q: Ezra has a base salary of $25,000 and earns 65% commission on vacuum cleaners. This means that for…

A: Base salary of Ezra, B=$25,000 Target Amount T=$35,000 Commission that Ezra need to earn if he want…

Q: If the supply function in the Philippines is given by "P = 140x + 12 600 What is the lowest cost…

A: P = 140x +12600 1. When x=0, Price(P) = 140*0 +12600 = 12600 = lowest cost answer.... 2. When…

Q: he marginal cost were $832, how many GPUs were produced?

Q: Find the break-even point when the cost function is C=$20x+$3,235 and the revenue function is…

A: Givencost function C=20x+3535and revenue function R=293x

Q: A certain electronics manufacturer is making GPUs for gaming laptops (GPU stands for graphics…

A: Here given that the marginal cost function of the c GPUs are C=0.03x2-5x+700…

Q: A trader ordered x number of pen drives for GH¢48,000.00. She found that 40 of them were defective…

A: Disclaimer: Since you have posted a question with multiple sub-parts, we will solve first three…

Q: A certain electronics manufacturer found that the marginal cost CC to produce x DVD/Blu- ray players…

Q: c) This same trader has decided to set up a sinking fund for the purpose of purchasing a truck in 2…

Q: Skylar earns a yearly salary of $36,000 and will be receiving a $380 raise. Kosumi earns $14.50 per…

A: We shall answer first three subparts only as per the answering guidelines for the questions asked…

Q: if the profit from the sale of x units of a product is p=900x-200-x2 what level of production yeilds…

A: Given the profit from the sales of x units of product is p=900x-200-x2.

Q: Debra bought 6 extension cords and 9 axes for $123. Carry bought 6 extension cords and 1 axe for…

A: Let x be the price of each extension cord and y be the price of each axe

Q: Use the rule of thumb method to find out what the average room rate should be for a 300-room hotel,…

A: Given: Total rooms = 300 Total costing = $25 million. Concept: Building Cost Room Rate Formula The…

Question

If the demand for a pair of shoes is given by 2p+5q=100 and the supply function for it is p-2q=10 , find the quantity demanded and the quantity supplied when the price is $40

answer is 1848

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

The price p and the quantity q sold of a certain product is said to obey the demand equation q= -11p + 695, when 0
Dominique makes and sells pies. The number of pies demanded weekly, qD, is given by qD = 75 – 3p where p is the price of a pie (in $). The number of pies she is willing to supply weekly, qS, is given by qS = 4p – 20 where p is the price of a pie (in $). If the price of a pie is set at $15, how much of a shortage or surplus of pies would there be in a week? Blank 1. Fill in the blank, read surrounding text. Write either shortage or surplus in the box. of Blank 2. Fill in the blank, read surrounding text. pies
The demand equation for a French press (a type of coffee maker) is given by P = 0.5Q2 - 35Q + 210, where Q is the number of units demanded per month and P is the price per unit. Find the demand when the price is $30.
For many florists, the days leading up to Valentine's Day are among the busiest of the year. An owner of a florist wanted to estimate the average sale amount for all sales made on the day before Valentine's Day, February 13th. When she had time she wrote down the sale price of a transaction of fresh flowers on a sheet of paper. By 3pm she had collected n=44 sale prices of all flower sales that were made day. The variable of interest is the total euro amount of each purchase. During her quick tea-break she calculated the average sale price of the 44 sales as 80.05 euro and found that they varied with a standard deviation of 20.3 euro. Estimate the value of the population mean, µ, the true mean sale amount of all sales on February 13, by calculating a 95% confidence interval. Fill in the blanks in the following: An estimate of the population mean is . The standard error is . The distribution is (examples: normal / t12 / chisquare4 / F5,6). For a 95% confidence interval the…
Sorah plans to sell decorative signs at an upcoming craft market. It costs her $3.50 to make each sign, and she paid a one-time fee of $185 to rent a booth at the market. If Sarah sels each sign for $16.75, how many signs will she need to sell in order for her expenses to be no more than her earnings? A. 3.50x+ 185> 15.75x C. 3.50x + 185 2 15.75x B. 3.50x+ 185 < 15.75x D. 3.50x+ 185 S 15.75x
please show all in depth working for each question