The figure to the right shows the U.S. demand and supply for leather footwear. Under autarky, the producer surplus is area OA. V OB. S+T+V+W+X OC. T+W+X. OD. S + V Price $54 30 24 0 R S V W Q X TU Q₁ Y Q₂ US Supply World price US Demand Quantity of leather footwear

6. The number of hours worked last week and the pay of 4 employees at a hardware store are given in this table. Hours Worked Amount Paid (y) $360 (x) 00 02 30 24 $288 40 $480 00.010 20 $240 What does the constant of proportionality represent? 00:12 A The average paycheck is $342. B. The employees are paid $12 per hour. C. The average number of hours worked is 28.5. 0024 D. The employees are required to work at least 20 hours per week.

The table shows the relationship y = kx. What is the constant of proportionality, k? X y 60 12 45 30 15 3 Done > My Progress Copyright ©2021 by Curriculum Associates. All rights reserved. These materials, or any portion thereof, may not be reproduced or shared in any manner without express written consent of Curriculum Associates.

A small business can produce a maximum of 46 of its product per month and sell them for $7 each. The variable costs are $2 per unit and fixed costs are $175 per month. d) Calculate the revenue at the break-even (round off to the nearest cent). $ e) Plot the revenue and cost functions. 400 300 200 100 Revenue/Cost($) 5 10 15 20 25 30 35 40 Quantity 45 50

Sherwin Williams has determined the demand of functions for interior white paint to be p + .75q= 60, where p is price in dollars per gallon and q is the number of gallons sold. The supply function for interior white paint is p=.85q. What price p gives market equilibrium? A) $37.50 B) $31.88 C) $600 D) $30 E) $38

As the new owner of a supermarket, you have inherited a large inventory of unsold imported Limburger cheese, and you would like to set the price so that your revenue from selling it is as large as possible. Previous sales figures of the cheese are shown in the following table. Price per Pound, p $3.00 $4.00 $5.00 Monthly Sales, q (pounds) 404 286 224 Ae-DP, where A and b are constants you must determine. (a) Use the sales figures for the prices $4 and $5 per pound to construct a demand function of the form q (Round A and b to two significant digits.) q = (b) Use your demand function to find the price elasticity of demand at each of the prices listed. (Round your answers to two decimal places.) p = $3 E = p = $4 E = p = $5 E = (c) At what price should you sell the cheese to maximize monthly revenue? (Round your answer to the nearest cent.) $ (d) If your total inventory of cheese amounts to only 200 pounds and it will spoil one month from now, how should you price it to receive the…

X A X C Total A B 1 C 5 11 2 18 1 Y 000 % % 2 % b. Compute the row percentages (to 1 decimal). 0 Y 2 10 12 2 Total 100 % % 5 % 13 12 30 Total % % %