Math

posted by .

Worldwide quarterly sales of a brand of cell phones was approximately
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

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Calculus

    The number N of US cellular phone subscribers (in millions) is shown in the table. (Midyear estimates are given.) t 1996 1998 2000 2002 2004 2006 N 44 69 109 141 182 233 (a) Find the average rate of cell phone growth between the following …
  2. Math

    Please show me how to set it up and to solve: A cell phone company sells about 500 phones each week when it charges $75 per phone. It sells about 20 more phones per week for each $1 decrease in price. The company's revenue is the product …
  3. precal

    A cell phone company’s profit is modeled by the function p(x) = 10x − x2 − 1, where p is expressed in thousands of dollars and x is the number of phones sold in hundreds. How many phones must the company sell to make …
  4. Microeconomics

    For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs: • There is an overall increase in …
  5. calculus

    2. Worldwide annual sales of all cell phones is approximately -10p + 1600 million phones when the wholesale price is $p. a) If manufacturers are prepared to supply q = 14p – 800 million phones per year at a wholesale price $p, what …
  6. Math

    Worldwide annual sales of all cellphones were approximately −10p + 1,600 million phones when the wholesale price was $p. At what wholesale price should cellphones have been sold to maximize annual revenue?
  7. Math

    It takes a company 4hrs to build 1,300 cell phones. If the company continues working at the same rate, how many hours will it take to bulid 39,000 cell phones?
  8. Math

    A company selling cell phones has a total inventor of 800 phones. Of these phones, 400 are smartphones and 240 are black. If 200 phones are not black and not a smartphones, how many are black smartphones?
  9. Stats

    Suppose the number of cell phones in a household has a binomial distribution with parameters n = 17, and p = 40 %. Find the probability of a household having (Keep at least 4 digits) (a) 11 or 13 cell phones?
  10. math

    Paulo earns a salary of 15000$ per month for selling cell phones. He receives an extra 30$ for each cell phone over 100 units that he sells. How much will be make if he sells R cell phones?

More Similar Questions