What is the quantity supplied and demanded at P = 220? Excess supply or excess demand, which one exists at this price and what is the size of it? What are the expected impacts on the variables of the model?
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- Assume that the dummy variables Marriedal if married (0 if not married), Sex=1if male (0 if female), and that you estimate the equation: loglwage) le + B,'Married + B'Sex + B,(Married Sex). The estimated log wage for an unmarried woman can be estimated by: BoP Question 12 The equation for the 1.5 mile run/jog test is: VO,max (mi/kg/min) = 3.5 + [483 + (time in min.)] Jackson runs the 1.5 miles in 9 minutes. What information is obtained from this equation? O Jackson's VO2 max is 57.2ml/kg/min O Jackson's average VO2 running at a 6 minute mile pace is 57.2ml/kg/min O Jackson burns 30 calories per minute at thsi pace O Jackson's absolute VO2 is 57.2ml/kg/minWindies Cricket manufactures Windies supporter jerseys. The quantity q, of thesejerseys demanded weekly is related to the wholesale price per jersey p, by thefollowing equation:? = −0.006? + 15The weekly total cost incurred by Windies Cricket for producing q jerseys is:?(?) = 38? − 0.02?2 + 30,000a. Determine an expression to represent the weekly Revenue functionb. Determine an expression to represent the weekly Profit function.c. Calculate the weekly Revenue when ten dozen jerseys are produced and sold.d. Will Windies Cricket record a loss or profit if they were to produce and sell 2450jerseys?e. If Windies Cricket wishes to maintain a total cost less than $42,000.00, whatrange(s) of Windies jerseys should be produced. f. Calculate the equilibrium price and quantity for Windies jerseys.
- U t of estion English (en) Variable Y 24 20 16 12 8 4 O a. y = 8 - 2x. O b. x = 8 + 0.5y. O c. y = 8 + 2x. O d. (3) y = 8 + 0.5x. (1) + + 0 2 4 6 8 10 12 14 16 18 Variable X The linear equation for line (1) on the provided graph is (2)With respect to a given product, describe the connection that exists between equalibrium/disequalibrium and prediction. cite an unique examplePlastic cups are made by forming of raw plastic. The price of plastic is 4.500 OMR per kg and the price of plastic cups is 13 OMR per 1000 cups. Plant requires differ- ent machine which cost about 50,000 OMR, but the machines has to be imported, after paying 25% as customs duty. On a graph paper, draw a freehand graph and represent all important parameters. Due to increase in plastic price, the break-even quantity has increased by 10%. Find out the new plastic price?
- Solve the second graph! plsssAs the selling price of a product increases, demand decreases. Fewer people will buy a product if it is more expensive. This is a very important concept. The demand equation for new iSmarts is given by 0.025x , where p is the unit p = 100 price (in dollars) of the iSmart and x is the number of units produced. We can determine the total revenue (money earned for selling x iSmarts) by multiplying the number of items we sell, x and the price p. The total revenue obtained by producing and selling x iSmarts is given by = xp 100x – 0.025x². It makes sense that this function is quadratic. The company can price the iSmarts so high that no one will buy them and the revenue will be zero. The can also set the price to $0, but the revenue will still be $0, no matter how many iSmarts they "sell". In between, the graph is a parabola opening downward. Determine prices p that would keep revenue above 6530 dollars. Give your answers to 2 decimal places. The revenue will be above 6530 if price is…IF demand equation is Qdx=20+3M assume that the income of individuals are 500RO .What will be the Qd a )1520 b) 1250 c) 1500 d) 520