Demand and Supply Curves
Not what you're looking for?
Using the following equations Qs = 13,000P and Qd = 48,000-6,000P. Plot the supply and demand curves (need a graph). What is the equilibrium price?
A new hybrid car manufacturer is trying to decide between making and buying its parts and components. it has complied the following data per vehicle produced:
percent of Make Buy
0% $0 $0
10% $4300 $3400
20% $7800 $5900
30% $11,900 $10200
40% $15300 $12400
50% $18400 $15400
60% $21000 $$18100
70% $23200 $21500
80% $27500 $23900
90% $30000 $27400
100% $34,000 $33400
Draw a graph and estimate the lowest possible per vehicle cost (to the nearest 5%). Need a graph.
Purchase this Solution
Solution Summary
The solution draws a graph and estimate the lowest possible per vehicle cost.
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.