MATH 111 Midterm: MATH 111 UW Winter n14ExamIIostroff Solutions
Document Summary
Make sure that there are three problems: show all work for full credit, if you need extra space, you may write on the back of each page, but please indicate that you have done so. Otherwise, the grader might miss your work and not award credit: you may use a scienti c calculator during this exam. Your xed costs are , and the average variable cost of producing q calculators is given by the function. Find an equation for the demand curve, and write it in the form p = mq + b. (b) the supply curve is given by the equation p = 0. 5q + 58. Find the equilibrium quantity and the equilibrium price. The x-treme dog uses 10 ounces of beef. You make a pro t for each x-treme dog sold. The yummy dog uses 4 ounces of beef. You make a pro t for each yummy dog sold.
