The quantity demanded x (in units of a hundred) of the miniature cameras per week is related to the unit price p (in dollars) by
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and 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 p (in dollars) by
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If the market price is set at the equilibrium price, find the consumers' surplus and the producers' surplus. Please round the answers to the nearest dollar.
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A. The consumers' surplus: $22,075, the producers' surplus: $26,872
B. The consumers' surplus: $6,667, the producers' surplus: $11,667
C. The consumers' surplus: $22,161, the producers' surplus: $39,729
D. The consumers' surplus: $11,667, the producers' surplus: $6,667
E. The consumers' surplus: $39,729, the producers' surplus: $22,161
Answer: B
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Solve. Reduce the fraction in your answer.The following graph is called a circle graph or pie chart. Each sector (shaped like a piece of pie) shows the number of each color of marbles that Luke has: 60 are red, 56 are blue, 30 are yellow, 44 are green, and 10 are clear. What fraction of the marbles are red? Write the fraction in simplest form.
A.
B.
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D.
Translate the problem to a system of equations; then solve using the elimination method.A contractor mixes concrete from bags of pre-mix for small jobs. How many bags with 3% cement should he mix with 4 bags of 22.5% cement to produce a mix containing 9% cement?
A. 9 bags B. 11 bags C. 13 bags D. 18 bags
Perform the indicated operations.-17 - (-11)
A. 28 B. -28 C. -6 D. 6
Decide whether perimeter or area would be used to solve a problem concerning the measure of the quantity.Border fence for a garden
A. Area B. Perimeter