The supply curve for a product is y = 250x – 1000. The demand curve for the same product is y = – 350x + 8,000, where x is the price and y the number of items produced. Find the following. a) At a price of $10, how many items will be in demand? b) At what price will 4,000 items be supplied? c) What is the equilibrium price for this product? d) How many items will be manufactured at the equilibrium price?

What should a food worker use to retrieve ice from an ice machine?

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as

Amonopolist’s inverse demand function is p = 150 – 3q. the company produces output at two facilities; the marginal cost of producing at facility 1 is mc1(q1) = 6q1, and the marginal cost of producing at facility 2 is mc2(q2) = 2q2.a. provide the equation for the monopolist’s marginal revenue function. (hint: recall that q1 + q2 = q.)mr(q) = 150 - 6 q1 - 3 q2b. determine the profit-maximizing level of output for each facility.output for facility 1: output for facility 2: c. determine the profit-maximizing price.$