The Demand Equation for a Certain Brand of GPS Navigator

question 85

Essay

The demand equation for a certain brand of GPS Navigator is x + 5p - 950 = 0, where x is the quantity demanded per week and p is the wholesale unit price in dollars.
The supply equation is x - 19p + 1,210 = 0, where x is the quantity the supplier will make available in the market when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the GPS Navigators.
equilibrium quantity: __________ units
equilibrium price: $ __________

Identify the multidisciplinary approach to managing impaired skin integrity.

Understand the stages of wound healing and the nursing interventions required at each stage.

Assess and interpret the significance of wound drainage and the functioning of drainage devices.

Educate patients and caregivers on the prevention and care of pressure ulcers and wounds.

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Definitions:

Marginal Costs

The advance in complete cost due to the manufacturing of one additional unit of a good or service.

Cournot Duopolists

Firms in a duopoly market structure that base their competition strategies on the quantity of output, assuming the reaction of the other firm to find an equilibrium.

Demand for Wine

The desire and willingness of consumers to purchase wine at various prices, influenced by factors such as income, tastes, and substitutes.

Imports

Goods or services brought into one country from another for sale.