Answer all 4 Questions to get a Thumbs Up The supply curve f

Answer all 4 Questions to get a Thumbs Up

The supply curve for a certain commodity is p = 0.0001q + 0.06. where p represents the price and q represents units sold. What price must be offered in order for 21, 500 units of the commodity to be supplied? What prices result in no units of the commodity being supplied? The price at which the manufacturer is willing to sell a quantity of 21, 500 units is $. Suppose that supply and demand for a certain commodity are described by the supply curve. p = 0.0002q + 0.05, and demand curve, p = - 0.002q + 65.17. Determine the quantity of the commodity that will be produced and the selling price. The quantity of the commodity that will be produced is A calling card offers two methods of paying for a phone call. Method A charges $0.01 per minute but has a $0.575 connection fee. Method B charges $0.035 per minute but has no connection fee. write the equations that show the total cost, y, of a call of x minutes for methods A and B and determine their intersection point. What does the intersection point represent? The equation representing Method A is y =. (Type an expression using x as the variable.) An appliance store sells a 15\" TV for $250 and a 19\" TV for $500. During a one-week period the store sold 4 more 19\" TVs than 15\" TVs and collected $17.000. What was the total number of TV sets sold? The total number of tv sets sold is

Solution

1. q = .0001q + .06

a> plug q = 21500 and solv for p

=> q = .0001(21500) + .06

q = 2.21

b> when no units is supplied , that is p = 0

=> q = .0001(0) + .06
q = .06