word problem
todd is trying to decide between two jobs Job a pays 400 per week plus 20% commission on everything sold. Job B 500 per week plus 15% commission on everything how much would todd have to sell each for both jobs to pay the same'
In the pair of supply and demand equations below, x represents the quantity demanded in units of a thousand and p the unit price in dollars. p = 113 - 3x2 and p = x2 + 4x + 33 Find the equilibrium quantity and find the equilibrium price.
1. Assume the demand schedule for a good is given by: p = 1 - 0.5*q. The supply schedule is given by: p = 0.5*q. What is the equilibrium price and quantity (p,q)? A. p=0.5 and q=0.5 B. p=1 and q=0.5 C. p=0.25 and q=1 D. p=1 and q=0.25 E. p=0.5 and q=1
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