Solution-What is the equilibrium quantity and price

What is the equilibrium quantity and price

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BREAK-EVEN ANALYSIS

Question 1. The quantity for a 17-inch LCD TV is 20,000 at a price of Php25,000, while 45,000 is demanded for the price of Php15,000. Assuming a linear relationship between price and quantity, which of the following models the price-quantity function of the LCD TV?

Question 2. A young entrepreneur is willing to supply 60 pieces of personalized baller band at a price of Php80 and 100 at a price of Php110. Assuming a linear relationship between price and quantity, which of the following models the price-quantity function of the baller band?

Question 3. Suppose that the demand function for a certain brand of shampoo is D(x) = -1.25x + 525. What is the highest price anyone will be willing to pay for the shampoo?

Question 4. The cost and revenue function for a particular brand of bag are C(x) = 6x + 3 and R(x) = 19 - 2x. What is the break even point?

Question 5. Let the supply and demand functions for yogurt ice cream be given by S(x) = 0.4x and D(x) = 100 - 0.4x, respectively. What is the equilibrium quantity and price?

Reference no: EM132562675

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What is the equilibrium quantity and price

Reference no: EM132562675

Reference no: EM132562675

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