Provide an appropriate response.The demand equation for a certain product is p = 30 - 0.1q, where p is the price per unit (in dollars) for q units. If its supply equation is p = 0.15q + 5, find the consumers' surplus and the producers' surplus when market equilibrium has been established.
Fill in the blank(s) with the appropriate word(s).
CS = $500, PS = $750
Mathematics
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Find the axis of symmetry of the function.f(x) = 2x2 + 16x + 31
A. x = -4 B. x = 4 C. x = 1 D. x = -1
Mathematics
Provide an appropriate response.The retail method is a way of estimating the cost of ending inventory when it is not possible to take a physical count.
A. True B. False
Mathematics
Solve. When necessary, round answers to two decimal places.A street sign prohibits vehicles over 2.0 tons from entering a certain street. How many pounds is that?
A. 10,560 pounds B. 3520 pounds C. 4000 pounds D. 2000 pounds
Mathematics
Perform the indicated operation.(5 - 4c)2
A. -16c2 - 20c + 25 B. 16c2 + 40c + 10 C. 16c2 + 25 D. 16c2 - 40c + 25
Mathematics