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Mathematics, 23.11.2019 06:31 Satoetoe24
Aboat tour company finds that if the price p , charged for an one-hour harbor tour, is $20, the average number of passengers per week, x , is 300. when the price is reduced to $18, the average number of passengers per week increases to 360.the demand and supply curves of a certain brand of running shoes are given by
p=0(x)=1 1 2-0.04x, and p-s(x)-0.06x+42, where p is the price in dollars and x is the quantity sold.
(a) assuming that the demand curve p d(x) is linear, find its formula: p-d(x)
(b) assuming that the equilibrium price is $22 per tour, the equilibrium demand is e
(c) the consumers' surplus at that demand is $ . (use a fraction for the coefficient.)
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Aboat tour company finds that if the price p , charged for an one-hour harbor tour, is $20, the aver...
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