Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the manufacturer of a brand of mattresses will mak

The manufacturer of a brand of mattresses will make x hundred units available in the market...

50.1K

Verified Solution

Question

Basic Math

The manufacturer of a brand of mattresses will make xhundred units available in the market when the unit price is

p = 150 +60e0.05x

dollars.

(a) Find the number of mattresses the manufacturer will makeavailable in the market place if the unit price is set at$350/mattress. (Round your answer to the nearest integer.)


(b) Find the producers' surplus if the unit price is set at$350/mattress. (Round your answer to the nearest dollar.)
$  

Answer & Explanation Solved by verified expert
4.1 Ratings (593 Votes)
Given thatwhere p is the unit price in dollars to supply x hundred unitsof mattresses in the marketaThe unit price p is set at 350    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a survey of 145 students at GCSC it was found that 47 of them were...

Statistics
Q

1a) If you have three genes H, M, and T located on three different chromosomes and...

Biology
Q

Hamad International Airport was built on artificial land that was reclaimed from the gulf waters. This...

Civil Engineering
Q

The histogram on the left shows a population s distribution of phenotypes before selection occurs...

Biology
Q

13 This graph represents the height of a float plane above a lake as the...

Basic Math
Q

Spam A researcher reported that 71 8 of all email sent in at his company...

Statistics
Q

Company Squeeze pay profit tax by using the anticipatory profit tax system. Knowing the following...

Accounting
Q

QUESTION 1 Moda, Capital account has a credit balance of $56,300 before closing entries are...

Accounting
Q

Tamarisk Corp. manufactures kitchen appliances and gadgets, like coffee makers and can openers. Recently, the...

Accounting
Q

Question 1 2 pts TROS Company provided the following information for the current year: December...

Accounting
Q

The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018,...

Accounting
Q

Question 2 1 Point Mohamed has provided a consulting service to All, and in return....

Accounting