Consider the following supply and demand schedules, with p in dollars and x as the number of units.
Supply Schedule
Demand Schedule
x p
x p
0
150
0
860
10
220
10
750
20
350
20
700
30
430
30
540
40
490
40
490
50
590
50
410
Use Simpson's Rule to approximate the producer's surplus at market equilibrium to 2 decimal places. Note that market equilibrium can be found from the tables.
?
A. $6,466.67
B. $23,333.33
C. $16,166.67
D. $26,366.67
E. $13,133.33
Answer: A
You might also like to view...
Use the Binomial Theorem to find the indicated coefficient or term.The 3rd term in the expansion of (7x + 6)3
A. 36 B. 1512x C. 882x2 D. 756x
Find all angles ? between 0 and 180° satisfying the given equation. Round all answers to two decimal places. sin? = 0.7
What will be an ideal response?
Answer each question appropriately.Suppose the velocity of a body moving along the s-axis is 
= 9.8t - 5.Is it necessary to know the initial position of the body to find the body's displacement over some time interval? Justify your answer.
A. No, the initial position is necessary to find the curve s= f(t) but not necessary to find the displacement. The initial position determines the integration constant. When finding the displacement the integration constant is subtracted out. B. Yes, knowing the initial position is the only way to find the exact positions at the beginning and end of the time interval. Those positions are needed to find the displacement. C. Yes, integration is not possible without knowing the initial position. D. No, displacement has nothing to do with the position of the body.
Write the equation in slope-intercept form.x = 8y + 7
A. y = x - 
B. y = 
x - 7
C. y = 
x - 
D. y = 8x - 7