The market for paperback detective novels is perfectly competitive. Market Supply is given by P=5+3Q. If the Marginal Cost of the last unit sold is $65, how many units are sold in the market? Enter a number only. Remember fractions of goods are possible.

Q: The inverse demand for a product is given by P = 400 - 5Q, where Q measures the number of units and…

A: Approach to solving the question: Detailed explanation: Before Technological Innovation:Inverse…

Q: he market for paperback detective novels is perfectly competitive. We have two types of consumers in…

A: Regular reader's demand curve: P = 79 - 2Q Put Q = 0, and solve for P => P = 79 - 2(0) => P =…

Q: The supply function for a product is Qs=2P - 14. while the demand function for the same product is…

A: ANSWER MARKETING EQUILIRIUM IS THE ACTUAL PRICE IN WHICH WORLD IS BALANCING ACT BETWEEN  SUPPLY AND…

Q: Best Orange Juice Company is located in Oman. The cost function for total orange juice production…

A: From total cost function: MC = dC(q)/dx = 0.5x = 0.5xs + 0.5xm  [since x = xs + xm] In Muscat, from…

Q: MacGuffins have a demand function of QD = 70 – P and a supply function of QS = 2P + 10. Determine…

A: Equilibrium point is where quantity demanded is equal to quantity supplied. Since QD = QS…

Q: The demand function for a product is p = 45 5-9/10) where q is the numb he price of one unit. At…

A: P = 45*(5-q/10)

Q: The demand function for x is D(p) = 65 - 2p and the supply function is S(p) = 20 + p. What is the…

A: To find the price that restricts the quantity supplied to 30 units, we need to set the supply…

Q: Assume quantities need not be integers. Supply in a competitive market is P(Qs)= 4/10×Q + 90. If the…

A: A supply function shows a  positive relationship between quantity supplied and price.

Q: If Jim’s Home Goods price elasticity of demand is −2, and its profit maximizing price is $6, then…

A: Price elasticity of demand: It is the responsiveness of the percentage change in the quantity…

Q: suppose the demand for shoes is given by qd=40-5p and supply is given by qs=10p-20

A: The objective of the question is to find the equilibrium price and quantity in the market for shoes.…

Q: If demand function is given by P = 40 - 2Q then what is the procedure to get marginal revnue ?

A: Given the demand function: Demand function, P = 40 - 2Q

Q: If demand curve for alphonso mangoes is D = 25000 ­-30P and supply curve is S = 10000 + 70P, find…

A: D = 25000 ­-30P  S = 10000 + 70P  Equilibrium will occur when demand = supply

Q: Given cost and price​ (demand) functions C(q)=110q+45,000 and p(q)=−1.8q+900​, What price should be…

A: Given; Cost function; C(q)=110q+45000Demand function; p(q)=900-1.8q At profit maximization:-…

Q: MacGuffins have a demand function of QD = 70 – P and a supply function of QS = 2P + 10. Determine…

A: Supply function: It means the functional relationship between the quantity of goods supplied and…

Q: Consider the perfectly competitive spice market. At the equilibrium price, the elasticity of market…

A:

Q: Q#1: The demand function of a good is given by P+ 2Q = 20 and total average Cost function AC=Q?- 8Q+…

A: The demand function of the firm can be used to calculate the total revenue and corresponding…

Q: The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number o…

A: Given: Cost per unit of producing a product is 60 + 0.2x dollars. x is no: of units produced per…

Q: What is this firm's supply curve? In answering this question, indicate the minimum price necessary…

A: A supply curve is a graphical representation of the relationship between the price of a good or…

Q: If a new technology doubles the production of workers as well as the level of production output,…

A: The cost of production implies the expenses incurred by a firm or producer when manufacturing goods…

Q: The demand function for fresh strawberries is D(p) 200 - 5p and the supply function is S(p) = 20+ p.…

A: Market equilibrium is the point at which the quantity of goods or services supplied by producers…

Q: If demand curve for alphonso mangoes is D = 25000 ­-30P and supply curve is S = 10000 + 70P, How…

A: We can get the quantity supplied from the supply function. The supply function is positively…

Q: Suppose product Y Is an Input In the production of product Z. Product Z In turn Is a substitute for…

A: Given that, Y is an input in the production of product Z Z is a substitute for product X  The price…

Q: Marcy owns a photography business in Mobile, Alabama. The market for photography is very…

A: The objective of the question is to determine the best course of action for Marcy to maximize her…

Q: Given the following demand and cost functions: Demand: p = 3000 - 2x Cost: C = 1200x + 2600 Find the…

A: Profit is the difference between revenue and cost.  Revenue is the price multiply quantity…

Q: Let Inverse market demand be the linear form: P = 39 – 0.009 Q; P is price and Q is output.…

A: Given : Inverse market demand be the linear form: P=39— 0.009 Q

Q: The market for paperback detective novels is perfectly competitive. Suppose we have identical book…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: Suppose there are 20 low-cost bakeries that can produce bagels in St. Catharines, each of which has…

A: In economics aspects, supply is how much an asset that organizations, makers, workers, suppliers of…

Q: The market for paperback detective novels is perfectly competitive. Market Demand is given by…

A: The equilibrium is established when the Market Demand is equal to Market Supply. It would be the…