Q=0, P=220; Q=2, P=200; Q=4, P=180; Q=6, P=160; Q-8, P=140; Q=10; P=120; Q=12, P=100.  a)  Based on the information in the table, what is the demand function for this market?  b)  Calculate total and marginal revenues for this market in the table c)  if the total cost function for this market is TC = 500 + 10Q^(2), calculate the total and marginal costs for each of the quantities in the table

The market for gravel has the following demand and supply relationships: Supply function: Q = 100P - 1,000 Inverse demand function: P = 50 - 0.01*Q + PX, where P represents price of gravel per ton in dollars, Q represents sales of gravel per week in tons, and PX is the price of some other product X in dollars per unit. Let PX = $50/ton In a diagram, qualitatively describe the change that would occur in the market for gravel (i.e. equilibrium price and quantity) if a new discovery has just made the production of product X cheaper. Briefly explain whether it is a movement along or shift of demand curve and supply curve for gravel. In addition to the new discovery regarding product X in previous question), suppose now workers producing gravel ask for sick leave due to COVID. Use supply and demand analysis to predict how these two shocks will affect equilibrium price and sales. Illustrate your results in a diagram. Is there enough information to determine if market prices will rise or…

Parts B and C

If the demand function for a company is given by the equation p= -(16+4)q+(16+16000), and the supply is given by the equation q=(16+550)-p. Find the equilibrium point.