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Question: CONSUMERS' AND PRODUCERS' SURPLUS The quantity demanded x (in units of a hundred) of the Sportsman 5 × 7 tents, per week, is related to the unit price p (in dollars) by the relation
p = -0.1x2 - x + 40
The quantity x (in units of a hundred) that the supplier is willing to make available in the market is related to the unit price by the relation
p = 0.1x2 + 2x + 20
If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus.
What are the intercepts of the equation from Part a. of this problem? What are the intercepts from Part b. of this problem? Where would the lines intersect if you solved the system by graphing?
Compute the probability that the sampling plan will provide a result that suggests that SaveMor should reject the deal even if the true proportion of all customers who would switch is actually 0.70.
in a cricket match there was $32000 in prizes money to be shared among the first three teams.the first place winner gets $10000 more than the second place winner.the second place winner gets $2000. more than third place winner. calculate how much ..
Prove the one point rule- ∃-version: |- (∃x)(x = t Λ A) ≡ A[x:= t] if x is sot free in t. Prove |- (∃x)(A Λ (∃y)(B Λ C)) ≡ (∃y)(B Λ (∃x)(A Λ C)), on the condition that y is not free in A and x is not free in B
Yolanda invested $50,000. Part of the money was invested at 6% yearly interest rate and part at 9% yearly interest rate.
Describe a real-life situation to which the normal distribution could be applied. Explain why. How does a normal distribution differ from one, which is not? Which aspects of your situation might be altered?
A polygon has an area of 100 square inches and one of its sides is 13 inches long. If a second similar polygon has an area of 36 square inches, what is the length of the corresponding side in the second polygon?
Discuss the progress of the GIMPS project in finding Mersenne primes using this test.
A bowl contains two red, two white and two blue balls. We remove two balls. What is the probability that at least one is red or white? Compute the probability that at least one is red.
Calculate the exact 95 percent upper and lower confidence limits for the population mean of LOS. Calculate the exact 95 percent upper and lower confidence limits for the population mean of charges
Describe the shape of the histogram. The probability that there are five first-shift workers. The probability that there are four second-shift workers.
The ratio between the length and breadth of a rectangular field is 11:7. The cost of fencing it is Rs. 75,000. Find the dimensions of the field.
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