Demand and Supply Curves
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.
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