Sunday

November 23, 2014

November 23, 2014

Posted by **Amie** on Saturday, February 11, 2012 at 4:36pm.

q = −p + 176 million phones when the wholesale price was $p.

(a) If the cellphone company was prepared to supply q = 9p − 344 million phones per quarter at a wholesale price of $p, what would be the equilibrium price? $52

(b) The actual wholesale price was $47 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price.

Shortage.

I can't find the exact amount of shortage, I don't know how.

Thank You

**Answer this Question**

**Related Questions**

calculus - 2. Worldwide annual sales of all cell phones is approximately -10p + ...

Math - Please show me how to set it up and to solve: A cell phone company sells ...

precal - A cell phone company’s profit is modeled by the function p(x) = 10x &#...

computer studies - the use of cell phones impove productivity? How people van ...

statistics - A manufacturer of cell phones has decided that an assembly line ...

Microeconomics - For this part of the assignment, we will focus on the demand ...

Alegbra - The cost of producing cell phones is represented as C=mx+b, where m is...

Algebra - The cost of producing cell phones is represented as C=mx+b, where m is...

Algebra - The cost of producing cell phones is represented as C=mx+b, where m is...

Algebra - The cost of producing cell phones is represented as C=mx+b, where m is...